Gold moved sideways between $1,700–$2,000 for 4 years. Then it broke out and doubled.
Ethereum is moving $2K–$4K for the same 4 years. If a $20T asset Gold can do 2x in a year.
Imagine how $ETH will perform once it breaks above $5,000.
This has been, by far, the longest bear market ever on #Altcoins.
It's been nearly four years of total pain, constantly lower valuations.
It's almost impossible to expect a return of the #Altcoins, but here it is.
We're at the forefront of the big surge of them.
Why?
Well, comparing the current 4-year cycle to the previous cycle in terms of timing doesn't make any sense.
It's nearly foolish to do so as this cycle has been proven to be completely different than the previous cycle and it will continue to do so.
People expect to see a 1,000% return on their portfolio because, yes, last cycle it happened in the same period, so this time must be different.
No, to have an outrageous return of a 1,000%, you'll need to make outrageous decisions and to be that 0.1% compared to the rest of the world.
It's not easy, it's never been, but, we're facing the final easy cycle for crypto as we're still in a stage where the adoption is accelerating, markets are mispriced and there are new participants joining the markets.
After this cycle it's going to be over.
What are we looking at? I've provided the OTHERS/BTC chart and I've included the RSI and MACD indicator.
If you'd like to compare cycles with each other, then compare them based on data rather than on time.
If we do that (and we combine this with the business cycle and the potential case of lower interest rates and QE), then we come to the conclusion that we're at Q4 2019 or Q1 2020.
The reason for that is primarily the MACD indicator:
- A constant flow of red bars have been provided since Q4 2021.
- The indicator is about to cross in a positive way.
- A massive monthly bullish divergence has been created for the past 2 years.
- The red bars are about to turn green indicating that there's slight strength around the corner.
This is, by definition, the best chart in the ecosystem.
Everybody hating on #Altcoins equals everybody should be buying blue chips and sit on their hands for a year.
That will provide that big return that we're all seeking for.
#Altcoins
Friendly Reminder:
Altcoins are at rock bottom vs $BTC.
In all previous cycles, this was the starting point for all previous Altseasons.
2017-Altseason
2019-Defi-Season
2021-Altseason
On top of that, alts are in a 4-YEAR falling wedge.
Send it.🫡