ALTSEASON confirmed by this unique pattern.

This is the TOTAL3 index which displays the Total Crypto Market Capitalization excluding Bitcoin and Ethereum. The time-frame I chose is the 2W as on this, a very unique indicator (MFI/ MA) shows a pattern that should not be ignored.

As you see, this month, the indicator formed a Bullish Cross, similar to those of April 2020 and February 2019. The common characteristic of those two past crosses, was that they confirmed the past two Altcoin Seasons (Altseasons). The whole pattern is virtually identical with 2020, even with the 2018 (for as far as data are provided).

In each case, the Altseason ended with the indicator's Bearish Cross. In our view, a new Altseason has just started and we can hold until the very first sign of a confirmed Bearish Cross.


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