SafePal 847 Days Long Bullish Accumulation —New $10 ATH Possible

3 Sep

The longer a pair stays in the accumulation phase, the bigger and stronger the bullish wave that follows.

We looked at hundreds and hundreds of the Bitcoin (BTC) trading pairs and we are now starting to spot some of the Tether (USDT) pairs. To be honest, I wanted to see how the market will react to Bitcoin before going fully in on this side, but not all charts are the same.

We just looked at Dash recently and we see the new ATL. This is enough to give us the go. Many pairs have not hit bottom and we stay away from those.

Here we have another unique chart, SafePal vs Tether —SFPUSDT.

The bottom was hit June 2022. Compare this to Dash which hit bottom in August 2024.
Can you see why I caution that we need to look individually at each chart? The difference is just too great.

SafePal can be read in two different ways:

1) Long-term higher lows and long-term accumulation is ultra-bullish. That's the classic way to see it.

2) The fact that it is relatively high and sideways can lead to a drop before the major bull-market. Say there is a strong crash and this pair crashes as well rather than detaching and moving up. This would not change our long-term bias and any drop would be bought.

As you can see, this chart can be read in different ways.

Seeing that SFPUSDT didn't move on the 5-August crash, we can assume that it won't move if there is another leg down. Regardless of what happens, we cannot guess the future, we can only take action.

The strategy? Buy and hold.

Whatever happens from now on doesn't really matter to us, we buy and hold.

➖ If prices move up; we buy and hold.
➖ If prices move down; we buy more and more.

Since we are approaching a major bull-market, the biggest for many in this game, the only wise choice right now is to buy and wait. The marketwide correction has been going for 6-8 months and most sellers are already exhausted. We like to be early in order to enjoy the entire ride on the way up.

A new All-Time High in 2025 can lead to a price tag of around $10. That's more than 1,200% potential for growth.

Thinking of this huge potential in such a short —one year— time, we prefer the proven and tested strategy of buy and hold.

You can approach the market in whatever way you like best, of course.
You should do your own research and planning.

I am just sharing my views and opinion.

When the market starts to move and growth sets in, when we look back at everything we tend to conclude that higher profits would have been possible by buying and holding rather than trying to trade. That's because buying and selling continually requires lots of experience and dedication, and most people only have a few hours or minutes to trade.

Unless this is your life's calling, you are better off going at it the easy way.

Whatever you choose... I am here to help you, to encourage you and to assist you.

Whatever you do, I am wishing you success.

Namaste.