Altcoins might be setting up for something interesting đ
The OTHERS/$BTC monthly chart is showing a few signals worth watching:
â 4-year downtrend broken
â A new uptrend emerging
â Bullish momentum crossover confirmed
â Structure looks similar to the period before the 2021 altcoin run
If this setup continues to develop, the next altcoin cycle could get very interesting. Clean monthly structure here â watch for follow-through confirmation on higher timeframes. Invalidation would be a monthly close back below the old resistance-turned-support zone.
The OTHERS/$BTC monthly chart is showing a few signals worth watching:
â 4-year downtrend broken
â A new uptrend emerging
â Bullish momentum crossover confirmed
â Structure looks similar to the period before the 2021 altcoin run
If this setup continues to develop, the next altcoin cycle could get very interesting. Clean monthly structure here â watch for follow-through confirmation on higher timeframes. Invalidation would be a monthly close back below the old resistance-turned-support zone.
