✳️ Fantom vs Bitcoin 1.1 Months Later...

Here is an update for a pair that we shared late November... A little over a month ago.

Fantom (FTMBTC) continues with a bullish bias.
It is growing slowly and steadily as it should.

While uncertainty can be seen with major pairs/altcoins, the smaller ones paint a clear picture.

After the low is in, we get a long drawn out accumulation phase before the next bullish wave starts.

On the daily timeframe, FTMBTC is trading back above EMA50 giving it mid-term bullish potential. This supports our view of a bullish Q1 2023.

We can see similar charts across hundreds if not thousands of pairs.

Meaning, higher lows positioned for a higher high since the June/July 2022 low.

Some altcoins hit their lows in November and these two are set to grow in the months ahead.

Here is the previous chart, 28-Nov-2022, see for yourself: Fantom vs Bitcoin Moves Above EMA50 (85% Target Mapped)

It takes time...
Patience is key.

Namaste.

Comment:

119% On this one... After support is hit we are likely to experience a new bullish wave.