In a bear market, as happened just last year, you would get a lower low every month and sometimes within two months.
When the bear market ends, a low is hit and no new lows appear. This last low is the bottom (Nov. 2022 in the case of IRISUSDT).
If a bullish breakout happens within a bear market, a strong crash would follow the bullish breakout leading again to lower lows.
After many months of consolidation, IRISUSDT produced a very strong bullish wave, 435%.
After only 10 days of retrace we are seeing a bounce, very strong, over 54% just today.
This is called a bullish continuation and works as confirmation.
- The trading volume is super high when buying is happening, when prices are going up... Green.
- Trading volume tends to be low when selling is happening, when prices are going down, red.
IRISUSDT broke EMA300 as resistance in late February and only retraced to confirm this level as support.
This confirmation came in yesterday and today we see massive growth.
You can take as much as you like... But the bull market is already on!
And the initial wave, just the breakout, it is doing 3 digits, all above 250% and up to 400-500%.
The third wave is the biggest and then there is another one, the fifth and final wave.
There is so much room left available for additional growth.
Big surprise incoming but not for my followers... You already know what is taking place.
We've been bullish since November 2022.
What now?
Enjoy the ride up.
Enjoy the profits.
Secure profits because we don't how know things will look like once this wave is over but we have time to prepare.
Make the most out of this information.
Congratulations for being ahead of the pack!
Namaste.