Bullish altcoin fractal - Total altcoin marketcap to grow 173%?
Bitcoin has seen an exponential rise, and if you ask around in the crypto space, this would mean that altcoins bleed. However, I'm seeing a bullish fractal on the cards.
Bitcoin, depending on how you draw the descending channel lines, may or may not have broken out of the descending channel.
With the altcoins, it's very clear that it's broken out of the descending channel.
Also, near the start of the last altcoin boom, the 9 and 21 daily EMA crossed above the 55 EMA. Right now, the 9 EMA has already crossed and it looks like the 21 will soon follow.
The last altcoin boom lasted about 5 months, so, although past performance is not indicative of future results, could we see an altcoin season until the halving?
Bitcoin, depending on how you draw the descending channel lines, may or may not have broken out of the descending channel.
With the altcoins, it's very clear that it's broken out of the descending channel.
Also, near the start of the last altcoin boom, the 9 and 21 daily EMA crossed above the 55 EMA. Right now, the 9 EMA has already crossed and it looks like the 21 will soon follow.
The last altcoin boom lasted about 5 months, so, although past performance is not indicative of future results, could we see an altcoin season until the halving?
