DYDX | Trade Time Duration Part 3 (Long-term)We already looked at the short-term and mid-term time duration terms. Next comes the long-term. We have two long-term, long-term and long long-term... Let me explain.
When we look at a chart and mention long-term potential, we are talking about a time window between 3 and 6 months, that is, 90 to 180 days. This would the standard duration for a long-term trade.
When we want to look at a full cycle or beyond, then we will say long long-term and this goes beyond six months. It can be 6-12 months, 18 months, 24 months or more. Simply beyond 6 months.
Looking at DYDX vs Bitcoin (DYDXBTC), here we have a chart setup that can do pretty good in the long-term.
Maybe not a perfect "v" as shown on the chart. We will look more deeply into the DYDXBTC technicals in a different trade-idea.
Thank you for reading.
Namaste.
