Gas Can Grow Beyond 800% | Produces Impressive Fast Moves...This is the same chart that I shared from June 2024, nothing changed; no new lows and only sideways for several months. This is positive and gives further strength to the bullish case.
Good day my fellow Cryptocurrency trader, how are you feeling now?
I hope you are feeling good because the market is starting to turn... Time to wake up; time to trade.
Here we are looking at GASBTC (Gas).
We are focusing on the BTC pairings (Altcoins vs Bitcoin) because Bitcoin has been sideways for more than three months and is now at risk of producing a major flush.
We not only want to profit from trading but at the same time we want to protect our capital. If Bitcoin drops, there can be much loss.
Moving to these bottomed out pairs can help protect capital while at the same time there is an opportunity to earn... win-win.
➖ A strong 1,000% bullish wave happened late 2023 for this pair; GASBTC.
➖ Notice the huge correction, eight months in duration.
We can expect to see a bullish wave every 8-10 months regardless of the market phase we are in. This will not only be a bullish wave rather a bullish cycle but...
The strong correction on this pair takes prices below the "starting point." This is a positive signal for buyers like us.
👉 We like the pairs that are trading at the bottom, low or near support. This is below support, so sellers are likely exhausted. If sellers are not exhausted, they are very close to being. The risk is very low. The bottom is either in or close, so this would be an easy choice.
That's it... Once we hit bottom, the only place left to go is up.
➖Sell high to buy low.
➖Buy low to sell high.
This one looks pretty low.
P.S. Make sure to have a plan and do your own research, as market conditions can always change. —This is not financial advice.
Thank you for reading.
Namaste.
