The #Altcoins are breaking out left and right. The bull market is here.
It's crucial for altcoins to start moving in this period, as we're in the worst period of the cycle.
That means, the best period to invest. But why is that? Altcoins are moving massively.
Let's see. đ
You might want to wonder why some altcoins are making giant moves. The most obvious answer would be: 'VC's are pumping this to get the funding going on those assets and this has nothing to do with any change in market environment.'
And then the big coins start to move and it's actually a change in the environment.
The best period to invest in altcoins is 6-10 months prior to the #BitcoinâŻâŻâŻ halving. That's now.
Where do I invest into my altcoins? I'm investing my altcoins at the easiest to use broker in the Netherlands, who has more than 200 altcoins on their exchange, including staking.
The period is often assigned to the worst period of the cycle as people lose their faith in the markets and the markets continue to be ultra bad in terms of ROI.
People are bag-holding their positions for multiple years and every rally is getting sold of.
One of those examples is Chainlink. If you look at it, you'll see a massive consolidation period, in which there's not much movement taking place.
Investors think we'll break out of a massive sideways construction every time we'll be hitting resistance and they think we'll drop towards new lows when we're at the range low.
What do we actually see?
On both pairs we see deviation beneath the lows, after which a breakout upwards takes place and the current retest is holding as support.
That's a bullish indicator for continuation from here and it's very likely that we'll be seeing such a bullish occurrence to be taking place.
