ALT SEASON about to start?

This is the historic chart of the crypto total market cap excluding Bitcoin, on the 1W time-frame. As you see the previous Cycle (2014 - 2017) had two Accumulation and two Rally Phases, with the final (2nd) Rally Phase, being the strong Alt Season that completed the Cycle.

Right now it appears that the market is at the end of the 2nd Accumulation Phase and if history repeats itself then we should assume that a multi-month Alt Season is about to start throughout the majority of 2022. The only way this gets invalidated is if the 1W MA100 (green trend-line) breaks, as this has been supporting during the 1st Rally, 2nd Accumulation Phase and 2nd Rally/ Alt Season in the previous Cycle. Similarly on the current Cycle, it has been supporting since the market came out of its 1st Accumulation Phase in 2020. Fact: notice how on the current Cycle, all phases are longer than those in 2014 - 2017, which is consistent with the Lengthening Cycles theory as the market matures.

Do you agree with this chart? Feel free to share your work and let me know in the comments section below!



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