MyNeighborAlice Is Ready (Easy 325% Bullish Potential)Alice is ready, but how do I know this?
Good morning my dear friend... Ready for more?
There was a drop mid-April, on the 12th, that broke the structure in which ALICEBTC was moving. It broke the lower support of the consolidation range.
This move started the creation of the current bottom.
A bottom is not a one day event, it is a process. A bottom can take several weeks or several months to fully form. Once the bottom is confirmed, we know bullish growth follows.
So ALICEBTC started trading below support (blue line on the chart) mid-April and quickly we saw a change in price action patterns. Buy, sell, shakeouts, swings; up and down with force. In short, the whales are buying.
At these lower prices, we see a clear uptick in trading volume and the sessions with high volume tending to close green. This is whale accumulation.
Notice that the first volume breakout happened in February —early accumulation.
Now we have two consecutive green sessions pushing higher. The whole bottom structure has been going now for 128 days; a little more than four months.
Taking into consideration the action we saw with Syscoin, SuperRARE, Nuls and the rest, we can assume that these altcoins are waking up, ready to grow... It can take a bit longer but, up we go.
Caution: Remember that additional shakeouts can happen, specially if many people decide to buy fast and at the same time. The whales bots are watching.
It is safe to trade while focusing on the long-term.
Not "3 days" but 12 months.
➢ If you are ready to wait for 8-16 months, you already won.
Plan for long and let the market take care of the rest.
Patience is key.
Namaste.
