TrueFi · Bitcoin vs the Altcoins · Low Risk vs High RewardsTrueFi is trading at bottom prices. Notice the big difference between this pair and the ones that are trading high, near resistance or at a new all-time high. This is the difference I want to point out to new buyers.
If you are entering the market just now, you should be considering pairs like this one rather than the ones that are already pretty advanced. This is because the ones trading low/near support have more room available for growth, higher profits potential and very little risk. When prices are trading near the bottom, there isn't much room to go lower. When prices are trading high, even with marketwide bullish action, a correction can develop anytime.
We look for pairs like this one to buy and hold.
The second consideration is related to growth potential. While Bitcoin is awesome; Bitcoin is crypto; Bitcoin is great and is here to stay, it is already worth trillions of dollars. If everything goes amazing for Bitcoin, we might enjoy an additional 100% growth before the cycle ends. On an altcoin, in comparison, we can enjoy 1,000%, 2,000%, 3,000%, 5,000% or more. So you need to choose wisely.
A whale can easily choose Bitcoin because of liquidity issues, accessibility, security, stability, accounting, long-term performance, etc. A tiny fish is better off with the altcoins market, they have more room for growth.
Technical analysis
The red channel reveals a downtrend, the previous bear-market. The flat bottom in the following years reveals a consolidation period, long-term. Not a downtrend but creating a base. From the bottom we grow.
TRUUSDT is no longer bearish, moving down, instead it accumulated for years and now that this accumulation phase is over we are ready for massive growth.
We witnessed first a downtrend, then sideways (consolidation) and now comes an uptrend. These are the only three ways in which the market can move. Down—neutral—up.
The logical next step after a downtrend is always a sort of transition period, after this transition the uptrend starts.
We will have an uptrend now, this is what we call a "bull market." Higher highs and higher lows."
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