Hooked Protocol Hits Bottom | The Time Element (600%, 1120%?)

Aug 29

Needless to say, Hooked Protocol hit bottom. Current bullish action is not really strong, it is very early so these signals are not yet confirmed, but the long longer wick early August coupled with the last two candles is already pointing toward the end of the downtrend...

Ready for the weekend and September next week?
We will have a new week and a new month and historically a troublesome month for the financial markets.

The downtrend is over, or close to be other, but we don't really care because like to be early. We prefer to be early a million times rather than being late.

I've been going through charts and considering the time element. HOOKBTC has been dropping, straight down, since February 2023, 1.5 years.

The bull-market for most of the pairs that I've been looking at has gone from a minimum of 200 days to a maximum of around 600/700. But this is only counting a few dozens charts. I will go through 200-300 charts and reach some conclusions as to how long we will have of sustained continued growth.

With the preliminary data, we know that in the worst case scenario we get at least 6 months of growth... So all is well and fine. We still have time to make the most of the upcoming bullish cycle.

This is the worst case scenario. Some of the pairs grow strong for more than 500 days. After such strong bearish action, since early 2024, it would be amazing to experience green for such a long-term. The mood, the people, the sentiment; everything would change.

We will have a great ride.
We rode the bullish cycle, the bearish cycle and we are now approaching a new bullish wave.

How much longer shall we continue to share?

Nobody knows... We can be here for years, or we can be gone the next day.... Life is a mystery.

Namaste.