dYdX Bottom Consolidation Continues, Bullish NextHere you are looking at the formation of a bottom. The formation is a process not a single day event. It can take months for a bottom to fully form.
The way you know this to be true is because there is no downtrend. There are no new lows.
DYDX has been sideways now for 179 days, 6 months. Since early February 2025. In just three months, between December 2024 and March 2025, there is a very strong decline; lower highs and lower lows. A bearish move, a down-wave, a downtrend.
Ever since February the downtrend is no more. Rather than new major lows we have shy lower lows and finally not even that, no new lows. You can see the pattern how the market turned from bearish to sideways. This is the transition period. From sideways it will turn bullish, bullish goes next.
This is the point in time when most people will lose patiently and fold at a loss. Sell at the bottom, near support. This is the most important time to be patient, to accumulate, to even buy more and hold because we are looking at bottom prices. When prices are trading at the bottom and you are a bull, you can't go wrong.
Buy and hold. Continue holding because the market will soon turn.
Namaste.
