๐ฅ Altcoin Marketcap: Multi-Year Fractal Bullish Outlook
The altcoin market cap is calculated by taking the total market cap of crypto and subtract the total market cap of Bitcoin. This means that we're currently looking at the total valuation of all the altcoins put together.
When we look at the altcoin market cap, we can clearly see that the period from the 2017 top till now is following almost an identical copy of the pattern from the 2014 top till the mid-cycle break out.
The yellow arcs within the rising wedge pattern form a massive multi-year cup & handle pattern. These patterns are classically bullish break out patterns.
I highly doubt that we're going to get a ~57,000% like last time, but a >500% is certainly a possibility. I'm aware that this analysis is highly speculative since we can only compare it to one previous occurrence. Still, it's a nice future outlook.
Below you can find a zoomed in comparison of the fractals.
Previous fractal:
Current factal:
When we look at the altcoin market cap, we can clearly see that the period from the 2017 top till now is following almost an identical copy of the pattern from the 2014 top till the mid-cycle break out.
The yellow arcs within the rising wedge pattern form a massive multi-year cup & handle pattern. These patterns are classically bullish break out patterns.
I highly doubt that we're going to get a ~57,000% like last time, but a >500% is certainly a possibility. I'm aware that this analysis is highly speculative since we can only compare it to one previous occurrence. Still, it's a nice future outlook.
Below you can find a zoomed in comparison of the fractals.
Previous fractal:
Current factal:
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