How are you feeling today? I hope that you are having a wonderful day and week.
MATIC (Polygon), is so easy right now. Let's do some TA (technical analysis) for this one.
➖ On the 5th of August, we have the highest bearish volume bar in years. If we compare this to June 2023 and May 2022, we can immediately start to deduce that the current market correction is reaching its end.
➖ In June 2023, after a similar drop and rise in volume, a small bounce happened followed by a long-term retest of the same low and then a major bullish wave.
➖ In May 2022, the drop and rise in bearish volume was followed by a lower low and then a strong rise (a major bullish wave).
👉 In both cases, the period after the initial increase in bearish volume, the period after the main major low, activated the "accumulation phase/zone." This is the time to load up in anticipation of a massive bullish wave.
There is something quite different when we compare the August 2024 drop with previous drops; This one precedes a full-blown bull-market, while the previous two preceded small waves compared to 2021.
👉 Our projections and predictions, based on market cycles and the charts, indicate that Polygon (MATICUSDT) is set to grow massively in 2025, something similar to 2021 but better. Since we have a long-term higher low, we can expect a higher high; aka. a new All-Time High. ATH potential goes to $7.64.
Strategy: Buy and hold thinking of sustained long-term growth.
Now, trading for success is very simple. There is no complexity. There is only one action and one action only can be taken at a time. It is like your mind, you can only think/focus on one thing at a time; the same is true for trading.
➖ You can either buy or you can sell. Nothing more can be done.
Selling is out of the question if we are considering long-term growth; if we are expecting and predicting a major bull-market, and this leaves us with one choice only; one option, buying. I can only buy. Once bought, that's it.
➖ The rest is all a waiting game.
What is your life now? What do you do now for fun and entertainment?
Whatever it is that you do, you can keep on doing the same. Leave your Altcoins sitting safely in your wallet while the market takes care of the rest.
Once prices are high, high, high, high up... There is only one option left. There are no two choices, like your mind, just one. That one is selling and it doesn't necessarily needs to be at the top.
👉 One can sell at any level that is higher than the level used to buy the year before.
My strategy: Buy throughout 2024. Sell after 8-16 months. The chart and market will give the signal for when the time to sell has come.
As much as possible can be bought within the "accumulation zone," or anywhere for that matter because we know that Cryptocurrency is set to conquer the whole world.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.