Everipedia & The Bulls —Cryptocurrency Money GrowsIQUSDT (Everipedia) entered its long-term accumulation range in May 2022. The pair bottomed in November 2022 together with Bitcoin.
The same range that has worked in the past for accumulation is active now and looks like a good entry point in anticipation of long-term growth.
We can notice two events that stand out on this chart after the November 2022 market bottom.
The bullish wave in early 2024 is marked with ultra-high volume.
There is a long-term higher low between August 2024 and November 2022.
The 510% target shown on the chart is only a small portion of what is possible for this pair. I am showing only this target because I wanted to use the linear chart without having to compress it too much to make the candles unseeable. The logarithmic chart would allow to show the full potential but it would distort the chart structure which I want to show this time around.
The accumulation zone. The same I just mentioned with ZENUSDT.
This is a long-term chart setup and analysis. We ignore the short-term. Always, anything is possible in the short-term and the signals are always changing which is no good to us. We like long-term because money can still be made and there is no anxiety and no stress.
People who come to me are looking to make money without losing their hair. Or I should say, to engage in trading and learn to trade in a way that is not too much energy consuming.
Some trading methods call for too much attention, too much "doing." And yes, some of these methods are profitable but at the end of the year, you are working at it as if it were a day-job. No, no, no, no... The point of trading in this way is to free ourselves and our time so that we can make money while pursuing the things that we love.
It is a way to put our money and intelligence to work.
Set it and forget and later comeback to check the results.
Once we hit bottom, there is no other place left to go but up.
IQUSDT is trading near bottom prices.
If another drop develops, this would be the final low.
If another drop develops, it doesn't matter, we just wait and hold.
If we consider total growth potential going beyond 1,000%, we don't have to worry about 20-30% target at the start of a bullish phase. We just let it develop until prices are up by 2-3X, and then we consider our options.
We plan before-hand though, it can be years in advance, but to take action with such long-term planning it can be done just a few weeks before the end of the bullish phase.
You can detach for months, but once the action is in and confirmed, your plan should be laid down in words. It should be specific and detailed, it should be real and you should follow it to the end; but it can be updated, flexibility is also needed... Or, just buy and hold.
I am just trying to move from the buy and hold part to the fact that we eventually have to take profits. I have some supporters that have gone through 3 cycles and always fail to sell, they just keep holding on the way down, on the way up and sideways... And that's ok, but it would be better to sell when prices are up, to buy again when prices are low. Because the bear-market goes for so long.
Even if you don't sell your money grows.
Those that are still holding from 2017 have a huge portfolio and highly valuable, because Bitcoin has grown so much. Even all the Altcoins, even while they are down, they are many times higher compared to years ago, and when you compare Crypto to fiat... You've won.
Fiat loses value and the bank takes so many fees that the 3% yearly interest disappears, because the fees eat away at your savings with each passing day. Money deposited into Crypto, tends to sprout like seeds and produce trees with flowers and fruit.
Money that can be bronze turns into shinning gold.
Money that enters the Cryptocurrency market grows.
Namaste.
