Welcome back Apostles!
We have a new hype cycle underway!
Today, the coin of choice is Substratum. I Chose this coin for the simplicity of its market structure.
For newbies that don't understand how to trade profitably, it is important to keep things simple. Buy coins that don't require a ton of thought. Look for the basics!
Taking a look at the chart we can see a typical market cycle play out. We had a breakout in volume which created the first falling wedge pattern.
This volume breakout would then produce a massive hype cycle after the breakout of the first falling wedge occurred.
After the hype cycle we had nearly a full retrace(Common Inside Crypto) followed by another massive breakout in volume.
Now, wouldnt you say a common pattern is forming? Compare the first falling wedge to the second. Very similar..
For those who understand market cycles, its important to buy when prices are in complete, "Market Dispair." I will update my chart with an example of what I mean.
Once the hype dies out the smart money begins accumulating which is why we had another volume breakout. The smart money are the ones who start the hype cycles followed by dumb money buying the top. Trading can be a harsh world LMAO!
Expect this one to start a new hype cycle much larger than the first!
God Bless, JolleyCrypto
We have a new hype cycle underway!
Today, the coin of choice is Substratum. I Chose this coin for the simplicity of its market structure.
For newbies that don't understand how to trade profitably, it is important to keep things simple. Buy coins that don't require a ton of thought. Look for the basics!
Taking a look at the chart we can see a typical market cycle play out. We had a breakout in volume which created the first falling wedge pattern.
This volume breakout would then produce a massive hype cycle after the breakout of the first falling wedge occurred.
After the hype cycle we had nearly a full retrace(Common Inside Crypto) followed by another massive breakout in volume.
Now, wouldnt you say a common pattern is forming? Compare the first falling wedge to the second. Very similar..
For those who understand market cycles, its important to buy when prices are in complete, "Market Dispair." I will update my chart with an example of what I mean.
Once the hype dies out the smart money begins accumulating which is why we had another volume breakout. The smart money are the ones who start the hype cycles followed by dumb money buying the top. Trading can be a harsh world LMAO!
Expect this one to start a new hype cycle much larger than the first!
God Bless, JolleyCrypto
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22x returns to the top of SubStratums market cycle against the dollar