Arweave | Easy & Simple ~300% Bullish WaveThis chart setup, I can call it easy and simple but should also add the word fast. Somehow, I am getting the feeling that this pair can move fast.
A strong and prolonged down-wave tends to be followed by a strong bullish wave.
Notice the bearish impulse as in 1,2,3,4,5 based on the Elliott Wave principle. You can clearly count five main waves within this long correction phase when it comes to the ARBTC trading pair.
This chart setup opens the possibility for a surprise bullish jump.
The setup has low risk because it is trading very close to the last low. The potential is very higher, a good risk reward ratio. This is an easy chart.
— General Market Talk
The Altcoins market is heating up now and many pairs are starting to look great. A pair that looks great is not one that is growing strong or one that produced a strong bullish breakout with 50-60% growth today, but rather a pair that is trading near support and ready to grow. That's the meaning of great.
A strong bullish breakout is awesome, can be good, but only if we already bought. If the action starts and yet we have not buy then there is nothing good about seeing prices going up. It is great when we are in and our capital grows.
Many of the Altcoins now are looking great because they are yet to grow. It is ultra-wise to get in early; buy and hold.
I've been looking at hundreds of charts and the bullish bias is fully confirmed. I mentioned this a while back while tracking Bitcoin, I know that you can easily agree with me.
Knowing this, how to proceed?
Let's see how Arweave performs next.
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