Up to this point, we have a 1,197 days long higher low. ALPHABTC hit this higher low this same week, 12-February but here is the catch, there can be another drop, lower prices, a lower low. This isn't necessarily what is going to happen but is always a possibility. Once we reach this point in the market cycle, we do not worry about this potential scenario.
➖ A lower low? Buy more. ➖ A lower low? Wait patiently...
The pair is bottomed out, literally, so the risk is very low while we have extreme potential for growth. These are the winning trades long-term. It makes trading so easy... Just spot the opportunity, jump in and let the market take care of the rest.
The rest can be found on the chart.
The red arrow is for illustration only, the waves can develop very differently. Look at the bullish wave between October 2020 and February 2021... Something like this yet not ruling out new All-Time Highs.
Namaste.
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The accumulation/consolidation phase is coming to an end. Once this phase is over expect massive growth. The biggest growth seen in many years.