When crypto shills talks about "There Will Never Be Another Alt Season".
These are people who constantly got it wrong about the market, it is something to think and consider.
Market and human natures move in cycle. To say in absolute terms are a joke.
Human emotions and behaviours are usually a contrarian indicator.
Which led me to believe that an alt season...
Finally after a long wait, alt season is officially here.
With Nasdaq shrugging off coronavirus and Tesla went parabolic, capital will indeed flow into riskier asset including crypto.
The current setup for altcoins are more bullish than 2019 March-April setup whereby Altcoins are showing some strength versus Bitcoin, later to be crushed by BTC.
XRP has formed a descending broadening wedge
included spirals showing the possible market cap futures highlighted in yellow rectangle
Mainly made this to show some harmonic patterns, Descending broadening wedge and the ascending wedge
Im long on this project
Looking pretty nice on the daily chart for XRP total market cap. White line has acted as the last resistance in late 2017 bull run. Following the pump it was support for multiple touches before we broke below. A short term break above was pushed back down but stochastic RSI looking like it has plenty of momentum to carry us through.
What do you think?