✴️ Polkadot's Correction Ends In A Double Bottom

24 jun 2023

Remember all those 5X leveraged trades we had for DOT at the beginning of the year?

It is said that opportunities are endless in this market.
It is also said that there is always a second chance, sometimes even a third and fourth chance present themselves.

Well, if you missed it once, here is your second chance.

Polkadot produced a double bottom pattern.

• The first low happened 30-Dec. 2022 at $4.22.
  
• The second low happened 10-Jun. 2023 at $4.22.
  

After we hit bottom, the only place left to go is up.

Also notice the classic ABC correction... All these signals are pointing to an upward move, a bullish wave; A relief rally in the least but growth.

Again, when in doubt, look around.

If doubt creeps in, we can look at the Altcoins that already moved ahead. They had similar patterns and yet we see a year long high, new daily high, growth all across.

Since we have thousands and thousands of Altcoins there will be variations in the charts but a rising wave lifts all boats.

After a 4 months long correction, it is time to go up.
- Notice that the bullish wave in January only lasted 51 days, from bottom to top.
- The correction went from 111 days from top to bottom... This is enough.

In any case, you can always prepare with a nice strategy in case something goes wrong.

This is not financial advice.
Remember that the markets are unpredictable and there is always risk involved.

I trust we are all adults and responsible for our own actions.

Thanks a lot for your support.

Namaste.