Moustache, a cryptocurrency expert, recently revealed an altcoin chart pattern that he says shows now is the ideal time to invest in altcoins. He shared the chart in a recent tweet, noting that the pattern has preceded major altcoin rallies multiple times in the past.
What you'll learn 👉
The Chart Shows a Clear Bull Flag Pattern
The chart presents the total altcoin market capitalization and shows a very clear bull flag pattern forming. One thing is obvious. The pattern happening now has occurred a couple of times in the past, and it has been followed by a long bull run every time, Moustache explained.
Specifically, he points to bull flags in 2015, 2016, 2017, 2020. Each of these flag patterns was followed by sustained altcoin growth over a long period of time. The same pattern has been forming since 2021 and a breakout above this should trigger the next bull run.
History Shows This Pattern Precedes Major Runs
“Actually, you don’t need much more to know that it won’t be long before it goes up,” Moustache tweeted. “Best time to invest imo. It has NEVER been different in the history of Altcoins.”
Moustache believes the chart shows clear evidence that now is an ideal time to invest in altcoins, as the pattern predicts major growth is on the horizon. Given that this same pattern has preceded altcoin rallies multiple times in the past, he suggests history indicates this time will be no different.
According to cryptocurrency expert Moustache, an analysis of the total altcoin market capitalization reveals a bull flag pattern that has consistently preceded major altcoin growth periods. Given the pattern has repeated multiple times now, Moustache believes this chart shows unequivocally that now is the optimal time to invest in altcoins. He suggests the pattern indicates altcoins are poised for their next major bull run.
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