The ‘Longest Ever’ Bullish Sign Just Appeared on Altcoin Charts
- The total crypto market cap chart has formed a bullish falling wedge pattern.
- The analyst also highlighted a bullish divergence on the altcoin market cap chart.
- The last time such a setup was seen, a massive altcoin rally was seen in 2020.
After months of stagnation and bearish sentiment, the winds might finally be shifting in favor of altcoins.
Expert analysts who have analysed the chart patterns suggest the long-awaited “altcoin season” could be approaching.
What Historical Pattern Signals an Altcoin Surge?
Renowned crypto analyst Michaël van de Poppe recently shared a compelling chart highlighting a massive bullish divergence on the altcoin market capitalization against Bitcoin (TOTAL3/BTC).
In his post, van de Poppe noted that the bullish divergence on the altcoin market capitalization “remains to be valid.”
Van de Poppe identified a multi-year falling wedge pattern – a structure often signaling a bullish price reversal. The last time such a bullish divergence occurred, it was followed by a parabolic surge in 2020 that marked the beginning of one of the biggest altcoin bull runs.
The analyst also stressed that the current market …
The post The ‘Longest Ever’ Bullish Sign Just Appeared on Altcoin Charts appeared first on Coin Edition.
Read More
Q2 Bitcoin Outlook Brightens on Favorable Macro Shifts, Technical Strength
The ‘Longest Ever’ Bullish Sign Just Appeared on Altcoin Charts
- The total crypto market cap chart has formed a bullish falling wedge pattern.
- The analyst also highlighted a bullish divergence on the altcoin market cap chart.
- The last time such a setup was seen, a massive altcoin rally was seen in 2020.
After months of stagnation and bearish sentiment, the winds might finally be shifting in favor of altcoins.
Expert analysts who have analysed the chart patterns suggest the long-awaited “altcoin season” could be approaching.
What Historical Pattern Signals an Altcoin Surge?
Renowned crypto analyst Michaël van de Poppe recently shared a compelling chart highlighting a massive bullish divergence on the altcoin market capitalization against Bitcoin (TOTAL3/BTC).
In his post, van de Poppe noted that the bullish divergence on the altcoin market capitalization “remains to be valid.”
Van de Poppe identified a multi-year falling wedge pattern – a structure often signaling a bullish price reversal. The last time such a bullish divergence occurred, it was followed by a parabolic surge in 2020 that marked the beginning of one of the biggest altcoin bull runs.
The analyst also stressed that the current market …
The post The ‘Longest Ever’ Bullish Sign Just Appeared on Altcoin Charts appeared first on Coin Edition.
Read More