✴️ Polygon | No New Highs In 66 Days, Why? What Is Happening?

2 mars

➖ Notice that Polygon (MATICUSDT) has been moving within a lower high for more than two months, 66 days.

➖ Notice that it has been moving within a wide range for 109 days, more than three months.

More than three months and basically no growth, why?

How can we interpret this information?
What does this means for Bitcoin and the Cryptocurrency market as a whole?

Polygon is part of the big Altcoins. TOP 20. Big market capitalization; it moves with Bitcoin.

When the market moves from a bearish to bullish phase, the first projects to move are the big ones.
When the big ones stop moving, the smaller ones start to grow.

Notice how MATICUSDT produces no growth in 66 days, literally, while at the same time you can find now hundreds of Altcoins growing by 100%, 200%, 300% and even more within days or weeks. Many are now at 500%, 600% and more growth in a period of several months.

So even if Bitcoin, Cardano, Ethereum, Solana, etc., were continue higher they would only grow 10%, 20% and even 50% if you are extremely lucky. While the smaller Altcoins have room to grow 300%, 500% and even 700% in just a normal scenario. Some can grow many times more.

👉 What is happening is that money is flowing from Bitcoin and the big Altcoins toward the smaller ones. This is how it normally goes, this is how it works.

👉 Bitcoin's bullish wave is over and that's why the rest of the market is now going on bull-run more... This is great.

This is a tremendous opportunity for those who trade.

You can enjoy big profits, create a capital and safe for massive growth in 2025 and 2024.
Sell high and at the top to later buy again, buy more when prices are low and near support.

Namaste.

1 mai

Trade fermée: cible de profit atteinte

The chart has been updated to better show the candles:

We have a higher low recently.
If this short-term higher low holds, this might be the bottom of the correction for this pair.

I am not sure but... Target hit!

Thanks a lot for the support.

Enjoy the profits.

See you on the next one.

Namaste.