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Mtn Drew
@CryptoMtnDrew
, 5 tweets, 2 min read Read on Twitter
Fractals should not be relied upon for trade execution, but I don't think it's outside the realm of possibility to see another prolonged Altcoin accumulation phase, similar to 2015, prior to the next true crypto-mania bull run. $ALT $ALTS #Altcoins
Don't forget what sparked the last mania bull run - Ethereum and ICOs. Do we need another similar revolutionary catalyst to get another one started? What might it be? What else could cause venture capital as well as the retail world to pour hundreds of billions more into #Crypto?
If the fractal plays out, then the next moon mission starts some time around October 2020. 🚀🌛
But don't let the beginning of the macro Altcoin accumulation period distract you from The King, Big Daddy Bitcoin $BTC. I don't think we are likely to see an ENTIRE retrace of the ICO Boom, but if we did, I think it would land somewhere in the blue box:
FYI - This is a chart of Altcoin:Bitcoin marketcap dominance.
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