Ontology Gas: Trading Like A Boss (Preparation For 2025)I can tell you how much this pair is going to grow. It is a guess but it is an educated guess. We will see the highest prices in more than 3 years. We will see the strongest bullish wave since early 2021. We are reading/seeing/hearing/talking about ONGBTC (Ontology Gas).
Well, I lied. I cannot tell you exactly how much this pair is going to grow because we don't have enough data, it is too early and there are way too many variations on the Bitcoin (BTC) side of the market to make any accurate predictions. On the Tether (USDT) side, all the charts look the same basically and we can predict with a high level of accuracy the next ATH, major resistance zones and everything else. On this side of the market, Altcoins vs Bitcoin, it is harder to make these predictions.
What we can predict with a high level of accuracy is the trend reversal. We can spot a bottom easily because it is the same thing we've been doing for the past 7 years. We can be early sometimes but never wrong. For example, we can predict that ONGBTC will enter a bullish wave soon. Instead of the wave starting next week it can take two or three months. But this time around we are very close and it is likely that there won't be any delays.
Ok, let's get to the chart. I am sharing all this information for your entertainment so let's get to work.
Ontology Gas vs Bitcoin (ONGBTC). This pair hit bottom in June 2024. Notice how the BTC pairs many hit bottom in June rather than August. This means that these pairs have been consolidating now for four months, those that didn't move ahead. Many produced a small bullish wave already between 100% and 300%, some did a bit more. We have all those published on my profile here on TradingView. You can click/tap my username and use the search filter to find your desired pair. I did more than 300 BTC pairs for you, all at bottom, all are now green.
After ONGBTC hit bottom, it continued lower to produce the bottom pattern. Remember that the bottom is not a single day event but rather a process. The interesting and strong reversal signal is the fact that this pair is green now four weeks straight. This will be the fourth weekly session that closes green. This is a major bullish signal. This is all happening in the same price range that produced the 2021 bullish wave.
In 2021 ONGBTC grew 1,678% in 112 days. Which is always amazing to me to see these numbers. We were all here, using our devices and making money, it was great. It will happen again and this time it will be awesome. If total growth is lower than in the past, remember that Bitcoin is many times higher, so the profits can still be huge. So all is good.
In fact, we cannot be greedy. 300% is awesome. 400% is amazing. 500% is more than ultra-great. When we think of 700%, 900%, 1,200%, etc., this is just crazy. Yes it can be done but our focus should be on getting the right entry and selling when prices are up, and repeating this process as many times as possible.
If you sell and prices keep growing you cannot start crying or feel bad. That's not good. You feel grateful and look for the next opportunity as opportunities are endless in this market.
In some other instances, you sell and prices start to crash next. That's why we have to sell at some point because if we don't sell when prices are up we run the risk of missing the most important part of the game which is profit taking.
Right now it is all about spotting the bottom and getting the right entry. Soon, or not so soon, but later, the focus will be on selling and this will bring a new set of dynamics. How much should I sell? Should I continue holding? I sold 20%, should I sell more? After selling the pair continues to advance; should I buy back in?
All these complexities can be avoid by having a strategy and planning ahead of time.
Thank you for reading.
I hope you find the content entertaining.
Namaste.
