Hello my dear Cryptocurrency trader, let me show you why I am bullish on Stacks vs Bitcoin long-term.
November 2022 marks the "All-Time Low", left side of the chart. After we hit bottom, the only place left to go is up and this leads to a massive bull market.
A bull market leads to a bear market and this is also clearly marked on the chart.
The bear market most come to and end by hitting a new low and in this case a long-term higher low (January 2023 higher low vs November 2020 all-time low).
Between June 2022 and January 2023 is the "consolidation phase", same as Bitcoin and the rest of the market and then comes a bullish breakout, recovery, the new bullish phase and it starts with 333%.
Such growth needs a correction, now taking place, a "steep correction" on the chart... This correction will lead to a new bullish wave, the continuation of the initial breakout. This is true for the ENTIRE CRYPTOCURRENCY MARKET.
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