✳️ Golem Hits Bottom | Regular vs Irregular Bottom

20 Agu 2023

It wasn't like this in the past, the BTC pairs would have their own cycle and move separate to the USDT pairs, now they all move together.

When a pair takes off it does so on both side, BTC and USDT, which makes things easier for me.

We are looking at Golem again this time vs Bitcoin. GLMBTC.

We have the classic regular vs irregular bottom.

Back in May 2022 we had a v shaped bottom. Quick recovery after the low is hit.

This time around we have a long rounded bottom starting in June and ending in August, quite different. This is the law of alternation.

That is why Bitcoin will end 2025 in a blow off top like 2017.

In 2021 we saw an irregular top so the 2025 top should be regular and this fulfils Elliotts law of alternation.

If one signal is present, many others should also be present, let me show you.

The RSI is above 50 while GLMBTC is trading at support; a very strong bullish signal.
We have a broken downtrend; rising volume, etc.

On top of the alternated bottoms, we have these signals also pointing to a change of trend.

I wouldn't be surprised if we see Golem soon growing strong.
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