THORChain Bullish Since June 2023 (955% Target Revealed!)

7 Okt

If we were to calculate our end target, $55.55 as a new All-Time High in 2025, from the June 2023 bottom, total growth would amount to 7,047%.

With each passing day, week and month, growth potential becomes smaller. That is why I like to get those pairs trading at the bottom, near support. The lower the entry, the higher the potential for growth.

Some pairs are moving up while others are moving down. Here we can see how THORChain has been bullish since June 2023. We saw some pairs that bottomed December 2022 and we are seeing some pairs that are hitting lows now such as CTSI and CTXC.

For the purpose of spot trading, even though all pairs are good, we get the ones trading at the bottom because they offer less risk and a higher potential for reward. While the bull-market tends to promote growth all across, those that are ahead tend to have less room left for growth.

Some other examples are those chart that I shared recently with 2,000%, 3,000% and even 4,000% growth potential. The reason why the potential is so high on these, is because they are still trading at bottom prices, while others have been growing for years. So a big market, strong variations. This is all good.

We can choose what works best for us. Today this pair is good, at another time we can choose another one. We have the advantage of having the BTC side of the market, and we caught all those at the bottom and many are still at the bottom. The disadvantage of the USDT side of the market is that many are already too advanced. Buy low, to sell high.

Here we have RUNEUSDT moving straight up. The recent correction hit the 0.786 Fib. retracement level for the full wave that started in June 2023. This is the standard reversal point. We have the cup pattern and prices trading above local support. Additional growth is possible as shown on the chart but this is based on the long-term.

Patience is key.
Buy and hold —let the market take care of the rest.

No leverage, no margin; no risk.

Thank you for reading.

Namaste.