#Cosmos #ATOM #ATOMBTC #ATOMUSDT
There is something about December...
Cosmos is another project that produced a significant upward cycle after a drop in December 2020. The specific date is January 2021 for the market downturn before the previous rise, but the end result was the same.
ATOMBTC experienced a very strong upward movement between January 2021 and January 2022. There was strong volatility and large candles before this bull market and also after it. Recently, the market has just become stagnant, and this is not necessarily a bad thing. We will get to the current price movement shortly. Stay with me.
I use the linear chart even though it makes it hard to see the candles so we can get a real picture of what is happening. ATOMBTC is trading at low prices. It has been almost dead for a whole year.
I say 'dead' because of the size of the candles. The amount of volatility; the size of price fluctuations. There hasn't been strong trading activity for years. Is this market alive? Will it stay like this forever? Not likely.
When the chart looks like this, how many people will look forward to it?
What attracts people to a market, product, trading pair, project, chart; is movement, excitement. There is nothing exciting here, from the perspective of the random observer. From someone who has been here, this is a great opportunity. One that is unlikely to repeat for a long time.
The overall growth of ATOMBTC in the previous bull market was 645%. Notice the black line on the chart, this is the MA200. This is the minimum that will be tested once the market turns bullish again. An upward wave challenging this level as resistance will produce ~1,000% total growth. This shows that an upward cycle now could be much stronger than before.
After the MA200 challenge, there could be a correction or pullback followed by additional growth. Therefore, ATOMBTC has tremendous potential as it is trading at a true bottom. From the bottom, we begin to grow.
The bear market was really strong. The neutral period that followed has a downward bias. Sell-offs have been happening for years but this is coming to an end.
The overall market conditions continue to improve. The fundamentals are getting better every day, and the technologies are good. This is not a small project or pair. It is not listed on just one exchange and then delisted, as any long-term strategy disappears. ATOMBTC is available for trading across hundreds of exchanges including all major exchanges.
2,600% could be an easy target in the long term. Prepare for long-term growth, across the altcoin market.
Thank you very much for your continued support.
Namaste.
✅ Trading here on $ATOM