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joramenjoram
Nov 12, 2022 6:20 PM

Overlay of 2018 Altcoin bearmarket and now (monthly - weekly) Long

Crypto Total Market Cap Excluding BTC, $CRYPTOCAP

Description

I overlayed the bear market accumulation pattern of 2018 - 2020 for the Altcoin market cap on the accumulation pattern we're in now (Jun - Nov 2022).
(The accumulation pattern of 2018 in monthly candles look even more similar to the weekly candles of the accumulation pattern of today.)
Moving very similarly, the RSI supports the idea of continued correlation. This would mean an end to the bear market and a new bull market ahead.
Comments
SwallowPremium
We totally agree with you!!
vitsha
The win strategy for crypto is to be long for bitcoin and short for altcoins. In the bear market it's time to open short positions and I prefer to open short positions for altcoins. But bear markets end and the time comes to be long for bitcoin. I'm long for bitcoin now.
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