Chromia | How Long Can The Altcoins Bull-Market Last?I was looking at the short-term chart and doing the following drawings:
Thinking how the consolidation period can be hidden within a drop, thus a bullish wave can start without it. The lower low being part of the consolidation but at the same time removes weak-hands, serving two purposes at the same time.
But then I thought of the long-term.
Potential is huge for Chromia (CHRBTC) because we have a long-term, strong, higher low.
But let's ignore this as well and let's focus on time.
➖ CHRBTC produced a wave in 2023 but ended with a lower high in 2024.
➖ This also happened in 2020 preceding the last major bull-market.
We can count the bull-market from the start of the first wave or after the last major low.
➢ So, the last bull-market for CHRBTC, and many of the altcoins on their Bitcoin pairing, lasted 658 days. A similar situation this time around would put the ATH around late August 2025.
➢ Counting the bull-market as coming from the last low, back in 2021, the whole wave lasted 315 days. A similar situation this time around would put the end of the upcoming bull-market mid-June 2025.
This is just a map, there can be strong variations with these projections. It is the first time we look at the time factor in years. As we go deeper into the charts and make more comparisons and calculations, we will fine tune these numbers and get closer and closer to the actual dates when the next top will be in. This information is hard to come-by and will only be available to those who truly read.
If you have any doubts, start reading all the trade-ideas starting 1st August 2024, this will give you a clear picture of what the cryptocurrency market is doing and how it will behave in the years and months to come.
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