Oasis Network vs Bitcoin (ROSEBTC) peaked in December 2023, more than eight months ago. Crypto tends to move every 8-10 months.
In this article we will look at same the example as in RLCBTC (1 BTC = 1 BTC) but in reverse... Follow me for a few minutes and let's see if we agree.
This pair is about to produce a bullish wave and this is normal.
We have a classic correction, a strong lower low and early reversal signals.
Marketwide action tells us that a bullish wave will soon follow.
If it doesn't... Patience is key; the market moves in waves.
➖ Trading Altcoins! Example
1 BTC = 1 BTC
This is great if you are not one of us. The name of the game is Bitcoin. If you are one of us, you don't want 1 Bitcoin that grows in value but you want many BTC and each time more, as much as possible within reason.
Say Bitcoin moves from $60,000 to $90,000. That's great but nothing changes, because 1 BTC = 1 BTC.
Say ROSEBTC grows 200%, which is the equivalent to 3X.
This is exceedingly easy for the Altcoins.
Now, 1 BTC turns into 3 BTC.
Bitcoin moves up or down, it doesn't matter how you slice it...
3 BTC is better than 1 BTC.
Makes sense?
Hold Bitcoin long-term until new all-time highs and then sell. Win-win-win.
This is not financial advice.
Remember to do your own research.
Namaste.