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The biggest drop of Gold since 2013 in a single day.
#Bitcoin running up fastly.
- Break $112K and test the all-time high.
- $ETH runs to $5,000+
- #Altcoins are starting their first 5-10x run
The bull run.
This is the best chart currently in the markets.
It's the #Altcoin market capitalization vs. BTC.
I've added the MACD to it, as it represents the current stage of the cycle vs. the stage of the previous cycle.
Where are we?
At the start of the bull.
It's the longest bear market in history of the #Altcoin markets and people are fed up with it.
However, selling now is the dumbest decision ever as we're about to turn upwards on all indicators.
This last crash is comparable to FTX & COVID-19. All market the bottom on those periods of the cycle.
If you compare the MACD construction of the current cycle with the previous cycle, then you'll start to see that it's the same as we've seen in Q1/Q2 2020.
What happened afterwards?
A big bull market.