Bonk: The start of a new bull market

This chart has two bullish moves. January through November 2024. This one lasted 315 days and produced more than 500% total growth. Then we see a decline. This is an ABC correction. The first leg down, another bullish move as an inverted correction and then the final drop.

So two bullish moves and two bearish moves. Or one bullish move followed by a complete correction.

The inverted correction lasted 126 days, more than four months. Between March and July 2025 with total growth reaching ~350%. This is marked with blue lines on the chart.

Notice how both moves start with a rounded bottom. Also notice how even a weak advance can result in months of bullish action, four months the last one.

Now a new rounded bottom is present on BONKUSDT but we have to consider the context. This is no inverted correction nor anything minor that is about to happen.

The rounded bottom comes as a higher low and takes three months to be completed. The higher low, Feb-March-April 2026 vs October 2025, is four months apart. So the entire process took at least seven months.

The entire final leg of the ABC correction, from July 2025 through February 2026, took less than seven months. This is important from a technical analysis perspective. The entire down-leg takes less than seven months and just the bottom process and reversal signal is taking the same amount of time to be completed, seven months or more.

Since the bottom and build-up process is a long one, we can expect the next move to be also a long one. Since we are seeing a long-term development, rather than a "move" we can call it a market phase. The next market phase is a long-term one because it is already a long time in the making.

The rounded bottom shows this new market phase to be bullish or else prices would be moving lower rather than higher. Bitcoin would be moving lower rather than higher. All the altcoins would be moving lower rather than higher.

The move is confirmed to be bullish.

Final conclusion: We are witnessing the start of new bull market.

Namaste.