#Altcoins This Crypto cycle is no different
Altcoins market cap has just entered the “up only” phase and is following the same pattern as previous cycles:
1) Pre-halving – First leg up
2) Post-halving – Reaccumulation
3) Up only – Everything goes vertical
In the last cycle, the altcoin market cap went up 21x after the post halving.
Even if it grows just 1/3 of that, we’re looking at a $6 trillion market cap.
#Altcoin - Pay attention for generational wealth.
If you look at the total altcoin market cap excluding Ethereum, you'll notice a similar pattern in every cycle.
Price breaks out after consolidation and slowly grinds upward.
The real up only begins toward the end when the price goes vertical and peaks.
It all happens in just a few monthly candle.
This is when altcoins go vertical and deliver multiple X returns in a very short period of time.
Those not paying attention will miss out on generational wealth.
#Bitcoin - Bear market incoming?
A lot of people think Bitcoin is heading into a bear market.
The easiest way to check? Look at the 50 Weekly Moving Average.
If you notice, the 50-week MA has been a strong support over the years. Every time Bitcoin dips to this 50 WMA , it usually finds support and bounces back.
It’s often been a great area to buy BTC.
But if the price breaks below this moving average, that’s when we could expect a start of the bear market.
Right now, the price is still well above the 50-week MA, and it’s also holding strong above the previous all-time high.
It looks like we’re just consolidating before the next leg up.
