Nice to see the progress as you get ready for the big trips. I can only hope by August we are out of this mess the markets are in. Many are reporting a triple bottom which is a good thing if cryptocurrency did not have a mind of its own and just laugh at normal signals and indicators that are seen in other markets. Still its great news we can only hope investors chomping at the bits will want put money back on the table.
Triple bottom? Nothing about that sounds good, but it is what it is, let’s keep hodling and hoping
I’ve not check in on it in a couple days because I prefer not to know most of the time.
A triple bottom is very good news moving forward. Think of it as a floor you are jumping on. First couple of times you jump and oh that floor did not feel very sturdy. You did not jump very high because you did not want fall thought down below. After a few times you realize the floor is a more of solid foundation than you thought. So every time you try and jump higher than the last and you don't worry about landing on it again.
As you are doing this you are jumping forward as well. On top of this foundation is a ramp and it goes up and down and all kinds of things. Most parts of this ramp do not feel very strong every time you land on them. Some times like our markets have you jump up and when you land you fall thought back down to the foundation.
Other times you jump and land a few times on the same height of that ramp and you realize this is a new strong foundation and not just a part of that ramp. You expect the next time you jump and fall though the ramp that this foundation of a floor is going catch you.
We have reached the BTC foundation floor 3 times and every time it happens you build confidence that its rock solid as you have yet to fall thought it. Since alt coins are heavily influenced by btc and all boats rise or sink with the tide of BTC. It is very good news for us as well.
Granted cryptocurrency tend to not care about these kind of things and just does whatever it wants. So this may or may hold true, lots of other factors are well.
traders will tend to have buy orders at these expect bottom points to buy back in. People knowing this might try and kill that buy back momentum and make money off this as well.