Regardless of differing opinions, the reality is altcoins are mirroring the accumulation patterns seen just before the significant 2017 bull run.
Altcoin Dominance is gearing up for a breakthrough into uncharted pricing areas, much like in 2017.
The original altcoins are in the midst of significant accumulation phases.
The total market capitalization of altcoins closely resembles the pre-2017 bull run setup.
These factors indicate potential life-changing investment opportunities.
The upcoming cycle is set to surpass expectations. While discussions continue about Bitcoin potentially falling to $10,000, I'm preparing for a much larger movement.
- The future of altcoins and their potential for another major cycle can be gauged by examining their Bitcoin pairings. The last cycle never saw Bitcoin dominance reach a new all-time low, indicating that altseason occurs when they surpass their Bitcoin ratios.
- The 2017 cycle, particularly in comparison to 2020-2021, was unique as altcoins were in uncharted pricing territory against Bitcoin. Even Ethereum didn't break out against Bitcoin, highlighting how modest the last cycle was compared to 2017.
- Observing altcoins from 2017, we see significant accumulation against Bitcoin. This suggests Bitcoin whales are shifting their profits from Bitcoin to these altcoins, hinting at the possibility of another bull run akin to 2017.
- It seems that many have overlooked the altcoins from 2017, primarily because the spotlight was on newer markets like Metaverse, DeFi, and NFTs. The older altcoins didn't perform as well, leading to widespread skepticism, which I refer to as "Disbelief."
- By examining the USD pairs of these altcoins, we see clear signs of accumulation and the onset of new cycles. There's nothing bearish about these trends, and they're signaling the early stages of a bull run similar to 2017. Underestimating them would be a mistake.