✴️ Troy Moving Towards A (3) Bullish Phase
All of the action/movement from May 2022 through June 2023 is a prolong consolidation phase.
While there were higher prices in May and September 2021 compared to April of the same year, all the action/movement in this period is part of the bearish phase or bear market.
The higher highs are part of an irregular top formation. This happens because of monetary expansion, aka money printing, aka inflation. Since monetary expansion was going at full steam in that year new highs are hit within the bear market, but only through a wick/shadow as all sessions ended up closing lower. If you count the action based on candle/session close the All-Time High was hit in April 2021. This we call the orthodox end of the bull-market.
The way the arrows are drawn here depict a mild "bullish phase" coming next, this is only because I am focusing on the mid- to short-term, long-term we can expect new All-Time Highs.
Now, Troy (TROYUSDT).
This pair is coming out of a long consolidation phase and ready to go bullish.
Namaste.
While there were higher prices in May and September 2021 compared to April of the same year, all the action/movement in this period is part of the bearish phase or bear market.
The higher highs are part of an irregular top formation. This happens because of monetary expansion, aka money printing, aka inflation. Since monetary expansion was going at full steam in that year new highs are hit within the bear market, but only through a wick/shadow as all sessions ended up closing lower. If you count the action based on candle/session close the All-Time High was hit in April 2021. This we call the orthodox end of the bull-market.
The way the arrows are drawn here depict a mild "bullish phase" coming next, this is only because I am focusing on the mid- to short-term, long-term we can expect new All-Time Highs.
Now, Troy (TROYUSDT).
This pair is coming out of a long consolidation phase and ready to go bullish.
Namaste.
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