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ALTSEASON This is why you shouldn't put off buying alts any longer!
Our last Altseason call was exactly two months ago (October 18, see chart below) which turned out to be the exact level at which a new rally of the total crypto market cap (excluding the top 10) began:
As you can see, the current Cycle (2022 - 2025) shows a striking resemblance to the 2014 - 2017 period. Their Accumulation Phase during the transition from Bear to Bull Cycle was very similar, with the Pivot trendline initially acting as Resistance and then turning into Support on the formation of the first Bull Flag. It was a pattern that pulled back to the 0.382 Fibonacci retracement level, testing and holding the 2W MA50 (blue trendline) as Support, which gave us an accurate buy call 2 months ago.
As you can see, the current Cycle (2022 - 2025) shows a striking resemblance to the 2014 - 2017 period. Their Accumulation Phase during the transition from Bear to Bull Cycle was very similar, with the Pivot trendline initially acting as Resistance and then turning into Support on the formation of the first Bull Flag. It was a pattern that pulled back to the 0.382 Fibonacci retracement level, testing and holding the 2W MA50 (blue trendline) as Support, which gave us an accurate buy call 2 months ago.
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BTC
104,459.7
-2.83%
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