We are looking at an interesting level being activated for StormX (STMXBTC), it caught my attention recently and I belief this is one of those old ones that changed name. We used to trade it long ago as well.
STMXBTC grew by 2,800% in 2021 with Bitcoin going above $40,000 or $50,000.
So it doesn't matter how far up Bitcoin goes or the price, the potential is always there, these market are "irrational" as some of the old people love to say.
Anything and everything is always possible.
Just as the worst case scenario is possible, the best case scenario is also possible.
Just as wars and banking crisis can happen, also market booms, innovation, prosperity; good news, it is also always possible.
Just as today any institution can announce another major attack on something that you love... Out of nowhere, a major positive development can also show up, that's how it goes.
The interesting level here is 18 satoshis (0.00000018).
STMXBTC hit 18 sats in May 2022 and this lead to a 365% bullish wave. In 2021 this same level became relevant before a 960% bullish wave.
It seems this level is being activated again... Not yet, but since trading volume has gone to zero, something might happen in the coming days.
That's basically it, it is likely that the bottom has already been hit and so we are bound to see a 2021 repeat?
Namaste.
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Here we have an initial 47% breakout followed by a retrace... This is yet to start moving and this shows how big the potential is once it starts going up.