BeFi Labs Hit Bottom November 2024, Bullish Confirmed —1650% PotHere we have a nice sequence of events and a classic bullish signal, the higher low.
Notice the strong 'bearish wave'. Invariably, a bearish cycle is followed by a bullish cycle. A bullish cycle is preceded by a bearish cycle. After a bullish cycle we get a bearish cycle, back and forth. Over and over, again and again.
A bottom low in November 2024 produces a strong bullish breakout, the 'initial bullish breakout'. This one amounted to 600%. The initial breakout is corrected and the correction ends in a higher low.
We are looking at the first green session after a strong bearish impulse.
The higher low will lead to a new bullish wave. This bullish wave has potential to grow beyond 1,000%. Without considering a new All-Time High, 1,650% is possible.
This is based on technical analysis.
This is my translation of the chart.
The chart represents a form of financial hieroglyphs, a different language, a bunch of codes. Do you agree with my translation?
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Crypto is going up.
Namaste.
