"Once we hit bottom, there is no other place left to go but up." dYdX hit bottom, a new all-time low last month and is turning ultra-hyper bullish this week. The action is already moving above EMA8 and EMA13 while breaking a local downtrend coming off the December 2024 peak price.
We have a full green candle and this candle signals a recovery and the start of the 2025 bull market cycle. This cycle can last 6-12 months for this specific pair or longer. Remember that each project, each trading pair, each altcoin can produce different price patterns and dynamics. This is easy to see because here we have a new all-time low, other pairs hit their all-time low in April this same year while others did so in August 2024, others in 2023, some others in 2022, etc. Each pair/project should be considered individually.
Good strong projects trading at bottom prices have higher potential for growth. For example, you can certainly make more money buying and holding dYdX tokens vs Solana or Ethereum. Because the latter two are trading much higher compared to their all-time high and because these projects are much bigger. Smaller projects have higher potential for growth.
So all is good in Crypto-world the market is going up. dYdX is turning bullish just now but the bias is confirmed based on marketwide action. Seeing how the other projects are performing predicts what comes next. When the week closes above EMA8 and EMA13, you have a full blown bullish confirmation. The action already recovered from the ATL range and is happening above the 10-March and 7-April lows. This is enough to secure/confirm growth.
We buy low to sell high. We buy when the market is red and hold.
We sell when prices are high. We sell when the market is green and there is lots of hype all around. Lots of profits to be made. At this point in time, all that is needed is to choose wisely and practice patience, patience will be the biggest earner; patience pays.
Thank you for reading.
Namaste.
We have a full green candle and this candle signals a recovery and the start of the 2025 bull market cycle. This cycle can last 6-12 months for this specific pair or longer. Remember that each project, each trading pair, each altcoin can produce different price patterns and dynamics. This is easy to see because here we have a new all-time low, other pairs hit their all-time low in April this same year while others did so in August 2024, others in 2023, some others in 2022, etc. Each pair/project should be considered individually.
Good strong projects trading at bottom prices have higher potential for growth. For example, you can certainly make more money buying and holding dYdX tokens vs Solana or Ethereum. Because the latter two are trading much higher compared to their all-time high and because these projects are much bigger. Smaller projects have higher potential for growth.
So all is good in Crypto-world the market is going up. dYdX is turning bullish just now but the bias is confirmed based on marketwide action. Seeing how the other projects are performing predicts what comes next. When the week closes above EMA8 and EMA13, you have a full blown bullish confirmation. The action already recovered from the ATL range and is happening above the 10-March and 7-April lows. This is enough to secure/confirm growth.
We buy low to sell high. We buy when the market is red and hold.
We sell when prices are high. We sell when the market is green and there is lots of hype all around. Lots of profits to be made. At this point in time, all that is needed is to choose wisely and practice patience, patience will be the biggest earner; patience pays.
Thank you for reading.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.