Overlay of 2018 Altcoin bearmarket and now (monthly - weekly)
I overlayed the bear market accumulation pattern of 2018 - 2020 for the Altcoin market cap on the accumulation pattern we're in now (Jun - Nov 2022).
(The accumulation pattern of 2018 in monthly candles look even more similar to the weekly candles of the accumulation pattern of today.)
Moving very similarly, the RSI supports the idea of continued correlation. This would mean an end to the bear market and a new bull market ahead.
(The accumulation pattern of 2018 in monthly candles look even more similar to the weekly candles of the accumulation pattern of today.)
Moving very similarly, the RSI supports the idea of continued correlation. This would mean an end to the bear market and a new bull market ahead.