Is ALT season coming ? There is a chance we are about to see it
The OTHERS Market Cap chart - Showing the MArket Cap of the TOP 125 coins MINUS the top 10 by Dominance.
So, this will show us the Mid Cap ALT coins
And as the chart shows you, there is a chance we could repeat a pattern and if so, could bring some relief to many MANY Alt Coins holders who have had a nightmare time so far this cycle.
So, Left hand arrow shows you the Dip after the 2017 High. See the trend line that comes off that, rejected PA in 2018 and 2020
Now look at the Right Arrow. Very similar situation.
and not only that but PA is on the lower trend line, Support..But also that Dashed Long Term Support line.
This is make or break for ALTS and given the change of Heart in the Markets, about acceptance of Crypto, there is no reason this shold not go through the roof - Providing the Liquidity is there.
THAT IS THE CRUNCH
So, we wait to see but ina positive mind set.
Things can turn around Quickly.
So, this will show us the Mid Cap ALT coins
And as the chart shows you, there is a chance we could repeat a pattern and if so, could bring some relief to many MANY Alt Coins holders who have had a nightmare time so far this cycle.
So, Left hand arrow shows you the Dip after the 2017 High. See the trend line that comes off that, rejected PA in 2018 and 2020
Now look at the Right Arrow. Very similar situation.
and not only that but PA is on the lower trend line, Support..But also that Dashed Long Term Support line.
This is make or break for ALTS and given the change of Heart in the Markets, about acceptance of Crypto, there is no reason this shold not go through the roof - Providing the Liquidity is there.
THAT IS THE CRUNCH
So, we wait to see but ina positive mind set.
Things can turn around Quickly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.