ben_walther

The Bull Market Hasn't Started Yet

CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
When the market is down on days like today, I often get asked what I think when the bull run is about to continue.

My answer is simple: It hasn't even started yet.

Here's why 👇
➡️ What we've seen so far this year are two things: Bitcoin performing exceptionally well, driven by the ETF approval and a meme coin hype.
➡️ The rest of the market has continued to move sideways. Yes, we had some nice pumps, but:
- Most tokens are almost back to where they started in January
- Many tokens are still at their cycle low in their BTC pair.
➡️ Most tokens are in a downtrend based on their long-term moving average (see screenshot below). This, actually, is the last thing you expect in a bull run.
➡️ The total crypto market cap is still below the value of the ATH in November '21

Here's how it feels when the bull run starts 👇
🚀 Altcoins will gain incredible strength in their Bitcoin pairs (actually the most crucial indicator).
🚀 The majority of the tokens will move above the EMA200 quickly.
🚀 The overall market cap will start climbing at a massive pace (during the last bull run, the market cap grew ~800% compared to the previous ATH).

Therefore, monitoring BTC pairs is essential since this is an early indicator of positioning yourself.

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