This is what I love about the Cryptocurrency space, it is awesome. The market always gives us tons of time and endless opportunities to make up for any novice mistakes.
Did you miss the bottom, you say? Not true! Just like many other pairs, TONUSDT—Toncoin—is still trading within its long-term buy-zone. This means that there is still time to buy while prices are low trading at support. The best time possible.
Which other market gives such amazing opportunity I just don't know nor care, because we are here now and Cryptocurrency is also here and here to stay.
Traditional traders have to go through coffee and corn looking for a very hard to achieve 1% with a million dollars to be able to make some profits. They have to read bible sized books just to get through the filter that will give them the tricks on how to profit from such unpredictable markets and guess what? When you get the trick, you know it works and it is working, politics gets in the way and messes everything up.
Then the profits potential are so low, that you have to worry about spread, liquidity, fees and even the brokers commission, it makes you into a stingy person; this is not a problem with Crypto.
Profits potential with Cryptocurrency is so high and so easy to spot that you can even allow yourself to make mistakes. When the bullish wave is in, you have so much generosity from the market than rather than worrying about brokers commissions and fees you will be giving hundred dollars tips.
Ok, let's get serious now. It is not like the Cryptocurrency market is paying me to write this.
Let's focus on the chart.
It is the same chart I shared with you for you some week ago. It is the same exact chart but prices are a bit higher that's all.
The classic ABC correction is enough for me to know that a bullish impulse, 1-2-3-4-5, will follow. That's how Elliott Wave Theory works. After a correction, an impulse, after an impulse a correction, back and forth.
So you only need to be able to spot a correction and you know what will happen next.
I know the correction is over based on my observational experience so, prepare for massive growth. It is still early for this pair.
You will notice this phenomena. Some pairs will be more advanced and you think you missed the train, but right "next door" you find another pair that is still trading low. If a pair is already moving, just let it go, always focusing on buying low near support.
The moment you decide to buy the high one because it is growing and will continue to grow, that's when the correction out of nowhere comes. If you buy near support, your risk stays low. If you buy on an impulse and without a plan whatever is moving, this impulse is the clear proof that the action you just made will not produce positive results.
Step back, watch and follow.
I am the Master of the charts.
Namaste.