Cardano

Litecoin

Millions

Show

Green

<p><a href="https://twitter.com/el_crypto_prof/status/1757782511675953593" target="_blank" rel="noopener noreferrer nofollow">Crypto analyst Moustache</a> contends the market is on the cusp of an altcoin season of a magnitude not seen since the epic crypto bubble in 2017. Across a series of recent tweets, Moustache shared numerous charts tracking key metrics that support this thesis.</p>
<p>“Are we facing a Altseason that only happens every few years? In this thread, I’ll show you some charts that indicate that the time could soon come,” Moustache tweeted.</p>
<p><strong>The Green Light: The Gaussian Channel</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-1024x526.png" alt="" class="wp-image-438508" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-1024x526.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-768x394.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-1536x788.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-2048x1051.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-292x150.png 292w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-682x350.png 682w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546-788x404.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-546.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>One of the most bullish signals, according to @el_crypto_prof, is the change of the Gaussian Channel for Altcoins to green. He points out that in 2016 and 2020, the green channel acted as the ultimate go signal for altcoins. This change in the Gaussian Channel suggests that we may be on the cusp of a major altcoin season.</p>
<p><strong>The Wyckoff Method: Following the Plan</strong></p>
<p>@el_crypto_prof has been sharing charts for several weeks, focusing on the Wyckoff Method. He notes that things have been going according to plan so far, and the next upward wave could surpass anything seen before. Phase E, known for being the strongest wave, is expected to unfold.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-1024x526.png" alt="" class="wp-image-438516" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-1024x526.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-768x394.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-1536x788.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-2048x1051.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-292x150.png 292w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-682x350.png 682w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547-788x404.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-547.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Similarities with the Past</strong></p>
<p>When closely examining the current altcoin cycle, @el_crypto_prof points out that it bears striking similarities to the previous one. The only difference is that this time, it is projected to be much bigger and take longer to unfold. This observation further supports the notion of an impending altcoin season.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong>The Golden Cross: Gooner EMA</strong></p>
<p>Another significant indication highlighted by @el_crypto_prof is the potential golden cross in the Gooner EMA for altcoins. In 2016 and 2020, this crossover signaled the beginning of a parabolic uptrend. Acknowledging that it may be challenging, @el_crypto_prof emphasizes that from this point onwards, doing nothing could be the key to success.</p>
<p><strong>Multiple Bullish Signals</strong></p>
<p>@el_crypto_prof reinforces his optimism by pointing out several bullish signals. He mentions that the On-Balance Volume (OBV) is bullish, the TSI (True Strength Index) has experienced a bullish cross on the monthly chart, and there has been a perfect backtest similar to that of 2020. These signals were present at the start of the altcoin bull run in 2020, hinting at a potential repetition in the current market.</p>
<p><strong>Altcoins Over Bitcoin</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-1024x526.png" alt="" class="wp-image-438525" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-1024x526.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-768x394.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-1536x788.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-2048x1051.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-292x150.png 292w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-682x350.png 682w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548-788x404.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-548.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>While some are still waiting for Bitcoin to reach $12,000, @el_crypto_prof believes that altcoins are preparing for a monster run. He notes that the zero line in the MACD has been broken, and Bitcoin has already surpassed the 0.618 Fibonacci level. According to him, altcoins are likely to follow suit.</p>
<p><strong>The Biggest Altcoin Season Since 2017</strong></p>
<p>In a tweet, @el_crypto_prof confidently claims that the biggest altcoin season since 2017 is upon us. He reminds his followers that he has been expressing this belief for quite some time, having published a chart in April/May 2022. While it may be taking longer than the last cycle, @el_crypto_prof remains steadfast in his prediction.</p>
<p><strong>Ethereum and Altcoins</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="525" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-1024x525.png" alt="" class="wp-image-438533" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-1024x525.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-767x393.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-1536x787.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-2048x1049.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-293x150.png 293w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-683x350.png 683w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549-788x403.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-549.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>@el_crypto_prof draws attention to the relationship between Ethereum and altcoins. He highlights the descending broadening wedge and ascending triangle patterns, which are nearly identical to those observed in 2020. As Ethereum is considered the leader of all altcoins, he suggests that if ETH experiences an upswing, altcoins are likely to see even greater gains.</p>
<h2 class="wp-block-heading" id="a-familiar-game">A Familiar Game</h2>
<p>To further stress his point, @el_crypto_prof shares a chart comparing the altcoin cycle of the past with the current one. He asserts that the similarities speak for themselves, implying that history tends to rhyme in the cryptocurrency market.</p>
<p>Investors and enthusiasts eagerly await further updates from @el_crypto_prof, who promises to share more charts and insights in the future. Only time will tell if this altcoin season will indeed bring generational wealth to those who position themselves wisely.</p>
<p>Disclaimer: The information provided in this article is based solely on the tweets and analysis of @el_crypto_prof. Investors are advised to conduct their own research and exercise caution when making investment decisions in the cryptocurrency market.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/are-ethereum-tips-useful-this-smart-trader-made-over-2-million-in-12-hours-with-this-altcoin/" target="_blank" rel="noopener noreferrer nofollow">Are Ethereum Tips Useful? This Smart Trader Made Over $2 Million in 12 Hours With This Altcoin</a></li>
 <li><a href="https://captainaltcoin.com/major-network-upgrade-triggers-surge-in-sei-token-price-analyst-anticipate-seis-big-breakout/" target="_blank" rel="noopener noreferrer nofollow">Major Network Upgrade Triggers Surge in Sei Token Price: Analyst Anticipate SEI’s ‘Big Breakout’</a></li>
 <li><a href="https://captainaltcoin.com/intuitive-streaming-platform-deestream-dst-get-cardano-ada-litecoin-ltc-investors-pouring-in-early-as-presale-looks-to-hit-40x-in-months/" target="_blank" rel="noopener noreferrer nofollow">Intuitive streaming platform DeeStream (DST) get Cardano (ADA) &amp; Litecoin (LTC) investors pouring in early as presale looks to hit 40x in months</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/indicators-and-patterns-that-proof-the-biggest-altcoin-season-since-2017-is-upon-us/" rel="noopener noreferrer nofollow">Indicators and Patterns that Proof the ‘Biggest Altcoin Season Since 2017’ Is Upon Us</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Indicators and Patterns that Proof the ‘Biggest Altcoin Season Since 2017’ Is Upon Us

Table of Contents

CaptainAltcoin

Other articles published on Feb 15, 2024

Cisco Takes A Bold Move in Letting Go of 4,000 Jobs and Shifts Focus to AI

Trader Joe unveils experimental DN-404 token

Blur and Arbitrum surging, investors stacking Everlodge after Uniswap listing

Analyst Explains Why Solana (SOL) Is the Best Bet for This Bull Run

Solana surging; emerging meme coin can surpass Polkadot

Wall Street Institutions Push for Alterations in Crypto Regulatory Guidelines

Join our free newsletter for daily crypto updates!