Let's take the market bottom as the low that was set in June 2023, what do you see?
One single signal can reveal the bottom is that true?
One single signal can tell you everything that is going on with a chart, or not.
It is more about your experience, what you know about the market and the market cycle.
The main bottom for the 2022 bear market for Basic Attention Token (BATUSDT) happened in December 2022, after it goes sideways but, let's take June 2023 as the market bottom for the purpose of this chart.
#1 on the chart is a stop-loss hunt event. It leads to a bullish wave.
#2 on the chart is the same; a reversal comes next.
The bullish signal is in because #2 is already gone. The action went below long-term support (June 2023 low) is now trading back above it. Three weeks green, bull confirmed; yes we win! Yes, I win!
So this is easy don't you agree?
What's the potential for growth?
An easy target will give us some 350%. A strong target will give us 795%. Strong is not the best. We can end up with better target specially if we consider how the market in the past behaved.
Are you with me?
What do you see?
Do you agree?
The comments are the feedback, interact with me; what do you see?
Do you agree that this chart is green and set to grow?
If you agree boost, if you disagree boost and follow.
Thanks a lot for your support.
A strong rise can take more than a year to develop. With a low in August 2024, a high can happen in August 2025. Sounds early, looks early, feels early but can happen.
Taking the lowest point since the March 2020 bottom, April 2025, an entire year of bullish action would put an All-Time High in April 2026. This sounds good but, can it be true?
Too good to be true or too hard to believe?
If the bull market can be late to start, it can also end late.
Let's hope the bullish action goes beyond 2025 into mid-2026, that would be the best. The longer it takes, more time to adapt, plan and to secure wins and profits.
Thanks you for reading.
Namaste.