Alt-season - final wave?
Updated
Bullish pennant breakout! Target would be the length of the flag pole, this would also line up with the top of the previous alt-season back in 2017-18. Date-wise, this would take us to the end of September.
I'm betting on this being it. Final wave 5, everything pumps, pull more dumb money in, and make believers out of the nay-sayers (i.e. the FOMO crowd), then... dump your bags. Your shiniest and best fundamental altcoin will not be safe during the next correction.
We have had an amazing year in cryptocurrency land--absolutely bonkers. The good time won't last forever as we have seen in the past.
For this idea to remain possible, bitcoin and legacy markets can't poo the bed. We need a strong financial environment to keep ultra volatile and high risk assets (i.e. altcoins) up.
I'm betting on this being it. Final wave 5, everything pumps, pull more dumb money in, and make believers out of the nay-sayers (i.e. the FOMO crowd), then... dump your bags. Your shiniest and best fundamental altcoin will not be safe during the next correction.
We have had an amazing year in cryptocurrency land--absolutely bonkers. The good time won't last forever as we have seen in the past.
For this idea to remain possible, bitcoin and legacy markets can't poo the bed. We need a strong financial environment to keep ultra volatile and high risk assets (i.e. altcoins) up.
Trade active
Still looks good! Support being tested.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.