The chart shows the bull & bear cycles of ALT season- Currently in a bull cycle.
The previous 2 ALT seasons had a large rally before pulling back and continuing.
2016 season pulled back to 61.8% followed by a 345% rally.
2017 season pulled back to 50% followed by a 321% run.
2018 season (CURRENTLY PULLING BACK) Looking to find a bounce on either the 50% or 61.8% retrace. If we bounce @ 50% possible 399% rally to continue.
All the cycles have been so similar in the way they have acted.
The previous 2 ALT seasons had a large rally before pulling back and continuing.
2016 season pulled back to 61.8% followed by a 345% rally.
2017 season pulled back to 50% followed by a 321% run.
2018 season (CURRENTLY PULLING BACK) Looking to find a bounce on either the 50% or 61.8% retrace. If we bounce @ 50% possible 399% rally to continue.
All the cycles have been so similar in the way they have acted.