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Things are shaping up very well for Altcoins.
I know that is very hard to believe after the soul destroying performance of alts over the last few years...
But things really are looking very constructive here.
For the first time in over 2 years the 1W MACD has entered the positive territory, with the chart forming and strong bottom position.
The same thing happened in 2020, confirming the bottom.
This chart is yet another representation of how clearly we have been within a mid cycle framework.
You can see very clearly the two previous cycle tops, and how we have had nothing like that in this cycle yet.
I have shared so much data about how where we are is much more like 2019/2020, and we can see here that the 1W MACD entered the positive territory again back in 2020, exactly around the time that the mic cycle correction then was finished.
The next phase of this cycle is for altcoins.