ATOM/BTC Long HTF Trade
I have been looking for a good long opportunity against Bitcoin. With the high volume of capital inflows to crypto that has been stimulated with the ETF/Halving Bull Cycle, the question is, where will it flow to next?
Meme coins, old school cryptos, L2s, gaming?
The answerer is all of the above... duh.
If I had time I would scour the crypoverse looking for some promising low caps or the latest and greatest AI coin. But alas, I do not..
So... lets look at what coins have absolutely killed in the last six months. INJ, TIA, FET, and RUNE. What do they all have in common? Cosmos! Looking at a high time frame trade to capture the bottom of a grinding 390ish day erosion of price on the ATOM/BTC pair. I tried to illustrate how the pair trends for about 3 month clips up and down. Going from yearly high to yearly low.
I really think this could rally 50% in a hurry. You can see that the pair has gone on a more than 200% gain from the trend low to high. (Has actually happened 5 times!) I think this trade is primed due to how beat up the price pair is and the year plus single direction move. The compression of the price range, extensive price move of Bitcoin and money flow to coins built on the Cosmos ecosystem are the catalyst to kick start this trend change.
I would love other's thoughts on this idea. Am currently looking into the tokenomics of the coin to see if I am missing anything but since when do tokenomics and logic mean anything in crypto? I know there was hard fork talk and contention about lowering the yield down to O%, the proposal failed but the BTC price pair has never recovered.
Meme coins, old school cryptos, L2s, gaming?
The answerer is all of the above... duh.
If I had time I would scour the crypoverse looking for some promising low caps or the latest and greatest AI coin. But alas, I do not..
So... lets look at what coins have absolutely killed in the last six months. INJ, TIA, FET, and RUNE. What do they all have in common? Cosmos! Looking at a high time frame trade to capture the bottom of a grinding 390ish day erosion of price on the ATOM/BTC pair. I tried to illustrate how the pair trends for about 3 month clips up and down. Going from yearly high to yearly low.
I really think this could rally 50% in a hurry. You can see that the pair has gone on a more than 200% gain from the trend low to high. (Has actually happened 5 times!) I think this trade is primed due to how beat up the price pair is and the year plus single direction move. The compression of the price range, extensive price move of Bitcoin and money flow to coins built on the Cosmos ecosystem are the catalyst to kick start this trend change.
I would love other's thoughts on this idea. Am currently looking into the tokenomics of the coin to see if I am missing anything but since when do tokenomics and logic mean anything in crypto? I know there was hard fork talk and contention about lowering the yield down to O%, the proposal failed but the BTC price pair has never recovered.
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