Altcoin market on brink of parabolic growth, analyst predicts
Popular crypto analyst @Mags shared with his subscribers his views on the current state of the altcoin market and its prospects. The expert put forward a bold forecast for the capitalization of the altcoin market and expects that in the coming months, the value of most cryptocurrencies will move along a parabolic trajectory. #Bitcoin is following Wyckoff's Price Cycle ️ The Cycle consist's of several Distribution phase followed by Mark down & ends with an accumulation phase. Looks like $BTC is currently in an accumulation phase with a Bear Trap RT APPRECIATED #Crypto #BTC pic.twitter.com/PiXnGrUjsM — Mags (@thescalpingpro) November 18, 2022 The crypto analyst ’s argument favoring the bullish scenario is based on the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe. You might also like: Understanding Bitcoin price charts: beginner’s guide @Mags noted that a similar situation occurred in 2020. Then, the market capit...