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You are here (maybe)

tl:dr - we& #39;re all gonna make it

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repeating rsi double bottom then goes overbought on a break above accumulation resistance zone denoted by the horizontal dotted lines on the main chart.

note the extended double bottom on the rsi in this cycle

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From peak to trough to breakout has taken approx twice as long in the cycle compared to the previous cycle

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The altcoin market cap increased approx 500x from around $80m to $400b+ from the breakout of accumulation to peak.

If the altcoin market cap conservatively increases just 10% (50x) of the previous move, that puts it around $5t at the height of the current cycle.

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Now don& #39;t judge my Elliot wave technique (or do, I& #39;m open to learning) but to me, it seems pretty clear we& #39;re likely just now only about 40% through wave one of this cycle, with quite a bit more upside in this leg to come taking us past previous market cap highs.

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One last thing is if we& #39;re assuming the bull cycle will take twice as long as the previous one (like accumulation did) we& #39;re looking at a climb all the way to 2024.