Well, Bitcoin was kind of bearish between September and December 2022 which can be one of the reasons why YFDAIBTC did so good.
We are not greedy but a chart that shows huge growth potential is great for this very reason... Here YFDIABTC is showing a 3,120% or even 5,400% potential for growth... Since we are not greedy, we are happy with 100%, 200%, 300% or any number in-between.
Even 1% is good, we take the profits and move on. ➖ Always grateful for any and all wins... ➖ Always grateful for the experience gained even when we things go bad and our trade fails.
YFDAI shows a long-term higher low and the very strong, highly accurate falling wedge pattern. Currently, the action is moving weekly above EMA10. These are bullish signals but still early though.
If we focus on the long-term, buy and hold, this is an easy win.
Why long-term? Because there can be another drop, another low before prices go up. If we are prepared to wait long-term, any additional drops that might happen will have no effect on us.
Once prices start to move up, all paper losses can be removed within days and as soon as the numbers turn green we have a winning trade.
You can find the targets on the chart... 👉 255% looks pretty easy. 1,920% can be done and looks good...
How you approach this pair and the planning is completely up to you.
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.