TrueFi | Another Interesting Chart Setup (960% Growth Potential)

9月23日

The bottom was hit early January 2024 for this pair.

Let's consider first the chart. As usual, we have the bearish portion to the left. The middle portion cements the bottom and consolidation phase. The right portion will be the bullish phase, which is already developing.

The bottom was hit in early January 2024 and the first low came in April 2024, after the initial bullish breakout. The low in August 2024 produced a higher low compared to April. Notice the same dynamic we saw with NEARBTC.

The strong pairs are producing a higher low in the latter portion of 2024.
The weak pairs are moving lower and lower...

How you approach or interpret this is up to you, but for trading, look at GRTBTC in comparison to this post and NEARBTC, you can get an idea; they all look good.

What really matters is to determine the market cycle.

➖ At one point the market is bearish and going down. At this point we must be out or selling.

➖ At one point the market hits bottom and enters the accumulation/consolidation phase. At this point we are buyers.

➖ At one point the market is bullish and growing. At this point we must be in and ready to sell when prices are high up.

It doesn't matter the variations between pairs and charts, when the prices are low, when support levels are being established, we have to have capital on hand and ready to buy.

When prices are going up, we must be in watching and ready to sell at anytime. It is the reverse to what people normally due.

In early 2024, for months, people were screaming "the start of the bull-market." Crypto went down from early 2024 through present day. This is a true story. So people tend to see it in reverse.

Right now, people are nowhere to be found, they literally ran away. This is the best time to buy in preparation for the next bullish wave.

It is not about the market sentiment or general impulse, but the prices and the charts.

We plan to buy and accumulate when prices are low.
We plan to sell and profit when prices are high.

TrueFi (TRUBTC) looks strong and is preparing for long-term growth.

Namaste.