Let's take a look at the perfect bull run example. MATIC Network (MATICBTC) went on a run on Binance generating up to 1068% profits in just 11 days... Let's take a look at the chart:
MATICBTC 12h (720) on Binance
On the 9th of May the all-time low is hit and a new run starts. From this day until the 14th of May, MATICBTC goes up by 178%. When you think it is over, it only retraces for two days...
It starts to move up again and generate grows by an additional 135%, from the low of the retrace to the next peak.
Finally, after just two more days of retrace, MATICBTC grows by an additional 255%, for a total of 1068% growth from bottom to top.
Volume grew accordingly to price action. After the all-time high was hit at 573 satoshis, a longer correction period started, volume started to decrease.
Nice run.
Were you entertained? Feel free to hit like to show your support.
Namaste.
Kommentera
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If you have any questions feel free to share them in the comments section below...
Kommentera
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You can expect a long correction for MATICBTC after such a strong bullish wave.
Kommentera
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We will take another look at MATIC.
Please hit LIKE if you would like to see a new full update.
Kommentera
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MATIC Network (MATICBTC) Chart analysis and update as promised...
How was this constructive? Why not show a TA of what to expect going forward?
AlanSantana
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@Flav_ma, Because I am showing a bull run example, not what to expect going forward, these are two different things.
CryptoBitShow
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@alanmasters, I appreciate the effort, but I am sure most people gets the picture. What are your thoughts going forward?
AlanSantana
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@Flav_ma, I have no idea what comes next.
LtCmdrData
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My dear pal, Alan, can you give an update on *your* thoughts for Matic..? You may see my chart a couple below yours.
I am concerned that this correction will not be "long" as mentioned. (Unlike Raven-- which is still correcting)-- Matic seems to be a fast mover (in the ups and the downs).. Each up/down cycle has been about 12 days. We just passed the 12 day down cycle and are seeing upward movement. It seems that certain levels have been strongly supported--- and--- pending a massive BTC move, this coin seems to have some upside coming (in my opinion...).
For the project it is (think better names ADA/BAT/MANA/etc) it seems undervalued as is.. It rose fast and was well due for a correction, but may very well go higher towards its respected price. I see 10cents by years end...
Not asking for you to make a new chart-- just an update comment of your thoughts!
As always, we all appreciate your time and means of communicating such helpful information! Happy youre hear. Cheers,
LtCmdrData
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@jack_hartmann, here*** haha
AlanSantana
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@jack_hartmann, Understood. I am looking at the one above and still see no signals.
I will open a new one with indicators and everything and see what I can find.
Thanks for your details comment.
Namaste.
LtCmdrData
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@alanmasters, Thank you :)
Cryptrarian
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@jack_hartmann, MATIC is about to release their alpha-Mainnet. There final testnet was launched June 3rd and they arethe only project i've seen that's actually ahead of their roadmap. The release of their mainnet will cause a massive spike. He won't see this in the technicals and is should be released anyday. Also, Since Coinbase is a seed investor, I'm betting there's a good chance they will list on Coinbase. It's in their best interest for obvious reasons. I'm seeing 3-4x return in short order here and Hodling hard. Good luck man!
LtCmdrData
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@Cryptrarian, I agree. Holding my buys at 320 (kind of a sad buy given it now-- but this is one I will hold with little fear). Thank you for that information, and best of luck to you :)
I picked up at 320 awhile ago- bagging that one. New bull run will see huge growth in this coin. It is 70mil marketcap (with the corrected 3bil circ supply). We should see this easily go to the 300mil range in time.