Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find the DYDX chart interesting.
For those who have been following me for a while, you know that I like to study previous price action.
If you want to win a war, you need to study previous wars.
I can't help but notice a repetitive time pattern on DYDX.
In June 2022, DYDX bottomed around the $1 round number and started a bullish cycle that almost ended around March.
The same thing happened in June 2023, bottoming around the $1 round number and topping out around March.
Is history going to repeat itself?
If yes, then we are already around the end of this bearish cycle and will be looking for any bullish confirmation around the $1 round number to buy DYDX and hold it until around March 2025.
Let me know your thoughts. Do you think it is simply a coincidence, or is there a reason why DYDX starts to go up every June/July?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
I find the DYDX chart interesting.
For those who have been following me for a while, you know that I like to study previous price action.
If you want to win a war, you need to study previous wars.
I can't help but notice a repetitive time pattern on DYDX.
In June 2022, DYDX bottomed around the $1 round number and started a bullish cycle that almost ended around March.
The same thing happened in June 2023, bottoming around the $1 round number and topping out around March.
Is history going to repeat itself?
If yes, then we are already around the end of this bearish cycle and will be looking for any bullish confirmation around the $1 round number to buy DYDX and hold it until around March 2025.
Let me know your thoughts. Do you think it is simply a coincidence, or is there a reason why DYDX starts to go up every June/July?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade active
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
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.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
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.