In fact, we may be just around the corner from the next altseason.
Yes yes, I know you have heard that before, but this time there is some data to back it up!
As we know, things in life tend to play out in cycles.
Especially as they relate to bitcoin and crypto.
Well, looking at a weekly chart of the altcoin market, we could be just about ready to start turning up...
Check it out:
(Source:
)https://twitter.com/paddystash/status/1163778266613895169
- paddystash
Prices could be about ready to turn back up...
We are now sitting at a trend-line that altcoin prices have bounced at 3 previous times.
Not only did they bounce, but each time they went on to make higher highs.
Keep in mind that in some cases, they hung around this trendline for several weeks before they started to move up in a meaningful way.
While it may not feel that great right now to be invested in altcoins, the above chart shows that the altcoin market is in a serious uptrend, characterized by higher highs and higher lows.
Until that changes there is no reason to panic.
In fact, looking at the chart, it looks like a great spot to be loading up on altcoins.
Stay informed my friends.
-Doc