Wormhole | From Bottom Up (264% & 459% Targets)

10月1日

I am looking at these charts and I am thinking, will Bitcoin really go down while the Altcoins go up?

Will the giants crash while the smaller Altcoins grow?
It is the same question people always ask me and I cannot answer, I can only read the chart.

Here we have Wormhole (WUSDT) and it is coming out of a major bottom. The chart candles produce a strong low and start to curve up.

Some other charts look quite different, they hit a major high and start to curve down. Whatever the market does, we focus on the chart.

Here we have Wormhole (WUSDT) moving above several major EMAs.
Some other charts look quite different, they are moving and closing below major EMAs.

We have to get our beliefs and preconceived ideas out of the way. We have to look at the data and follow what it says.

Many Altcoins hit bottom and these are growing strong. Check.
Many Crypto-giants hit a major high and have been going down for months.

There are tens of thousands of different altcoins, hundreds of thousands of different trading pairs. We cannot expect for all of them to move in the same way the same day.

Some can go up. Some can go sideways, others can retrace.

We only need to spot a good chart setup and define our targets and the stop-loss.

➖ If it goes up, we sell in the green.
➖ If it goes down, we hold or close the trade at a loss.

We adapt to the market and we don't let our ideas decide what is to come.
The market can do whatever it wants.

We sell those trading high, we buy those trading low.

Namaste.