STPT | The Market Moves In Cycles (Up & Down, Up & Down)

30 בנוב׳ 2020

I was going to do the classic analysis for STPTBTC as I always do...

Reading all the classic signals and telling you what will happen, what might not happen, the rest is up to you.

But it is a lot better to keep it simple and simple is what I will show you next.

Just as we had a very strong bullish wave "1", a bearish wave comes next "2".

The bearish wave ended up in a lower low.
Of course, this can be taken as "bad", because prices broke below support...

But in all honesty, this is not how it works.

Since prices went below support, there are no more buyers at low prices, the stop-loss has been activated, all the weak hands are gone.

So, as prices go down, the market moves in cycles... What follows is a wave up.

Number "3" is the next bullish wave...

Up and down, up and down...
Number two was down... STPTBTC goes up next.

Namaste.