ALTCOIN Market still consolidating. This shows its huge upside.

The Altcoin market (total market capitalization excluding Bitcoin) is basically still consolidating. The long-term pattern is a Channel that is best described when using the Fibonacci Channel levels. Right now the price is on its bottom, with the 1W LMACD turning bullish since the August Bullish Cross.

The only times in the market's history this happened below the 0.00 mark designated the bottoms of December 2018 and May 2015. As you see on the chart, on all occasions (including today), the US10Y had already peaked and was on a downtrend. This suggests that the market has entered a strong Accumulation Phase, with long-term investors stacking ahead of the new Bull Cycle. This historically is the best time to enter the market.

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