Loopring Hits New All-Time Low | Two Scenarios—10-30X Potential

20 Haz

Here we have the long-term chart for Loopring (LRCBTC) and we can notice a new All-Time Low (ATL) being hit in the current session... What to make of this situation?

Good afternoon my fellow Cryptocurrency trader, how are you feeling today?

➖ A new All-Time Low is great because it means that the bearish wave is either over, or reaching its end.

➖ A new ATL at this point can lead to mainly two scenarios; Growth right away or a lower low followed by a strong bull-market.

Which one of these two we get is pretty tricky... Let me explain.

First, let's show the two potential scenarios with a chart:

#1)

#2)

There can be additional variations between these two scenarios but this is the main idea.

Now, how do we get either #1 or #2?

It depends on how people interact with the market.

The centralized exchanges own the market.
The insiders own the coins.

The bottom being in is fully decided by the exchanges and insiders.

➖ If the exchanges and insiders decide to start buying (stop-selling); the bottom is in.
➖ If the exchanges and insiders decide to wait (continue-selling); there can be lower and lower as the bots continue to sell. For us on the outside, it is hard to tell.

One can always start buying; spot, not margin nor leverage, and accumulate at every drop thinking of the long-term.

➖ If many people move to buy now, after this new ATL is in, the exchanges and insiders see the buy orders, their bots go wild and they start to sell strong. This creates the dynamic that would lead to #2.

➖ If there is no interest and the general public is not paying attention, then the insiders start to buy to create awareness and momentum; prices grow and this can lead to scenario #1.

Whenever there is a buying-rush, expect a dump because the bots adapt live to market conditions.

For a retail trader/buyer/holder, people like you and me... It is wise to buy slowly and in portions, because regardless of what you do, you will be tricked.

They have all the data, all the numbers, all the orders; they know everything we think and do and we cannot know nothing about what is going on behind the scenes.

The fact that we have a new low but no volume indicates that this bearish move is weak.

👉 The bearish wave is coming to an end... After a bearish wave comes a bullish wave.

👉 We should see the strongest bullish action we've seen in 3-4 years... It can be anything between 10-30X.

This is not financial advice.

I am sharing my experience based on many years looking at the charts.

Let me know if you enjoy this article.

Thank you for reading.

Namaste.