TrueFi: Mapping A 200-300% Bullish WaveThis is a pair that we continue to revisit because the market is always fluctuating between bearish and bullish. Each time there is a bullish wave, we invariably see a correction afterward. After every correction we see a new bullish wave.
👉 TrueFi (TRUBTC) is now preparing for a new bullish jump.
We can see a lower low recently, just to break a very strong long-term support and the action moving back above this support level immediately, so a stop-loss hunt event.
It is also easy to see the strong correction between mid-June and November 3rd. TRUBTC is now turning bullish.
👉 The last jump produced ~260% growth. For this one, we have a range between 200% to 300% easy, can be more.
Additional details on the chart.
Namaste.
TRUBTC trade ideas
TrueFi | Another Interesting Chart Setup (960% Growth Potential)The bottom was hit early January 2024 for this pair.
Let's consider first the chart. As usual, we have the bearish portion to the left. The middle portion cements the bottom and consolidation phase. The right portion will be the bullish phase, which is already developing.
The bottom was hit in early January 2024 and the first low came in April 2024, after the initial bullish breakout. The low in August 2024 produced a higher low compared to April. Notice the same dynamic we saw with NEARBTC.
The strong pairs are producing a higher low in the latter portion of 2024.
The weak pairs are moving lower and lower...
How you approach or interpret this is up to you, but for trading, look at GRTBTC in comparison to this post and NEARBTC, you can get an idea; they all look good.
What really matters is to determine the market cycle.
➖ At one point the market is bearish and going down. At this point we must be out or selling.
➖ At one point the market hits bottom and enters the accumulation/consolidation phase. At this point we are buyers.
➖ At one point the market is bullish and growing. At this point we must be in and ready to sell when prices are high up.
It doesn't matter the variations between pairs and charts, when the prices are low, when support levels are being established, we have to have capital on hand and ready to buy.
When prices are going up, we must be in watching and ready to sell at anytime. It is the reverse to what people normally due.
In early 2024, for months, people were screaming "the start of the bull-market." Crypto went down from early 2024 through present day. This is a true story. So people tend to see it in reverse.
Right now, people are nowhere to be found, they literally ran away. This is the best time to buy in preparation for the next bullish wave.
It is not about the market sentiment or general impulse, but the prices and the charts.
We plan to buy and accumulate when prices are low.
We plan to sell and profit when prices are high.
TrueFi (TRUBTC) looks strong and is preparing for long-term growth.
Namaste.
✳️ TrueFi Prepares Strongest Bullish Wave Since 2023It's been a year now since TrueFi produced a strong bullish wave, early 2023.
In the past these Altcoins would go through an entire cycle in three months... I am talking about the distant past in Cryptocurrency terms, 2015/2016. The market started to grow, many new projects, great projects, all sorts of projects were born and the Altcoins market swelled up, it became bigger and bigger and from a short three months wait it extended to 5-6 months between each bullish wave.
I remember it like yesterday, when I would be ready to wait just four months, but it kept on growing and growing, the waiting time was now eight months between each bullish wave, 2019/2020... Keep reading, we will get to today.
The Altcoins vs Tether pairs were secondary and didn't exist at the beginning, it was all trading against BTC. The BTC pairs stayed behind and people started to trade USDT.
The waiting time would now be 6-8 months between each bullish wave, that was the norm and in the worst case scenario we could simply wait. Fast forward to 2023 and now we already in the year 2024... It took an entire year for the next bullish wave to show up.
Here is the good news, this will be the biggest one since 2023 but not the last wave of 2024... We are set to experience long-term sustained growth. We will have multiple waves, massive growth and then another long-term retrace... It doesn't matter, we will adapt to whatever shows up.
Always secure profits on the way up.
Build a plan before starting... And if you make any mistakes on the way, just keep trying... Keep trying until you achieve your desired results.
Namaste.
TrueFi Can Do 95% or More Easy Above EMA50Now that TRUBTC (TrueFi) is growing above EMA50 additional growth is easily possible.
We saw how breaking above EMA50 on this pair led to massive growth back in early August.
After a strong correction, prices are back above this level with bullish indicators (MACD and RSI).
We can see a sudden burst of 95% short-term and even more mid-term to around 190%.
Additional details on the chart.
Namaste.
TrueFi Moves Above EMA50 | Strong Signal IncomingEMA50, the bold magenta line on the chart, can be used as the main indicator to confirm if any altcoin trading pair is actually weak or strong.
Look what happened after the 4th of August.
TRUBTC went above EMA50 and a very strong bullish candle followed.
Today, this same level is being challenged at 0.00000958.
Closing above this level can signal that the correction is over and this pair will also start to grow.
We also have other indicators such as the falling wedge, the fib. levels and the RSI now strong.
We can expect higher prices.
Even if there is a drop, the bulls still remain in control (blue arrow).
Additional details on the chart.
Namaste.
TRUBTC: the end of sell setup by the next candleTrueFi is a protocol for creating interest-bearing pools with a high APR for liquidity providers. TrueFi includes utility and rewards mechanisms using TrustTokens (TRU) and rewards participants for maintaining stable, high APRs.
TRU is the native token of the TrueFi protocol and is used for: TrustToken holders ultimately have a say over who is a credible borrower in the prediction market. TRU gives the holder the ability to rate credit for third parties. Through TRU credit rating, a permissionless system of credit can be built which operates purely through incentives. TRU owners have part ownership in building a new credit system.