StorJ | Bullish Wave FractalThe altcoins are heating up but this is happening just now. As you can see from this chart, some are yet to start moving altogether, and this is good. Early is best for maximum growth and profits potential.
How are you feeling this Thursday?
As the summer goes into full swing, the high season, cryptocurrency starts move... Nice timing whales!
1) A massive downtrend comes first.
The market moves in cycles and within these cycles we have waves. A downtrend is also a down-wave. After a down-wave comes an uptrend.
2) When the downtrend stalls, its bottom becomes flat, we have a consolidation phase.
Between each wave there is always a period of rest. Between each day, there is always a period of rest (sleep). Between each week, there is always a period of rest (the weekend). Between each year, there is always a period of rest (vacations). And so nature goes on reproducing its cycles all across.
There is a period of consolidation/accumulation before the market turns. StorJ is now in a two months long consolidation period; sideways price action.
3) After consolidation, a new bullish wave develops.
Invariably, when the bearish wave is over, the market experiences growth.
It can take longer than expected; market conditions can always change. There can be surprises and shakeouts, but growth is coming nonetheless. Patience is key.
Thank you for reading, and for thank you your continued support.
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Namaste.
