Coin Edition -
- Analyst highlights a specific pattern that the altcoin market has been traversing.
- Whale activity or BTC ETF rejection could mar the analyst’s prediction of an uptrend.
- Altcoin market cap is at the latter stages of forming the Wyckoff pattern, an uptrend could be oncoming.
Crypto Analyst Moustache tweeted that the altcoins market cap was following a pattern of breaking out from the descending triangle and retesting the all-time high of the previous year. Once, the previous high was reached, the altcoins had an uptrend. Currently, as shown in the chart below, it is the pre-surge season and the analyst stated that those who listened to him would be rewarded.
#Altcoins Altcoins copy the last cycle in a larger timeframe.Those who understand this will be richly rewarded at the end of this cycle.I've been sharing this chart since April/May 2022. I'm sticking to my plan and DON'T listen to the majority. pic.twitter.com/QdyEZAFZd5—