Hello my dear Cryptocurrency buyer, let's diagnose this chart together and distill what it means to us and the Altcoins market.
We are looking at DODOBTC long-term, on the daily timeframe.
The first thing that caught my eye was the 2021 All-Time High. This pair peaked at 0.00052300 BTC, which is simply incredible. From top to bottom, the entire bullish phase produced a massive 9,222% wave. The whole process lasted 49 days which is really fast.
49 days is really fast but at the same time it is a long time to see a pair growing, over and over, more and more for almost two months. Imagine, it would be impossible to know or guess when it would stop.
The pair peaked in February 2021. In the last cycle, the majority of the Tether (USDT) pairs and the market in general peaked in May 2021 or November 2021. Notice how the Bitcoin (BTC) pairs move ahead of the pack. It will be similar this time around.
First, it would be possible to enjoy DODOBTC in full and then proceed to earn from the rest of the USDT pairs and other pairs available across the market. This is the situation in which we are in now. The ALTS-BTC pairs will move first. Pay attention because it is still early but once it starts going it will be too late.
The reason why the BTC pairs move and peak first is because once Bitcoin starts to go, these will start to bleed. There will be many exceptions and variations of course.
Now that we have examined the past, let's consider the beautiful future.
We do not have a map for this type of pair so we don't know, yet, how far up it will go... Here I am giving you two targets based on Fibonacci extensions: 465% and 1,475%.
It will be possible to make better predictions about the final target once the bullish wave starts to unravel and some of the pairs peak first. Based on the levels these pairs hit, we can extrapolate the data and come out with possibilities for the other pairs.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.