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It is impossible to bearish on Alts when TOTAL2 looks like this.
Anyone who is... isa mad person and probably likes eating marmite!
Seriously though, it really doesn't get much more bullish than this.
For those who still aren't sure, TOTAL2 is a combination of every crypto project excluding BTC.
So the more bullish this looks, the more bullish altcoins are/will continue to be.
What we have here is a beautiful 4 year long cup and handle pattern, that is now in its final stages of playing out before the true breakout.
In addition, 1W RSI nice and cool with shit tonnes of room to go, yet again showing us that we likely have at least 6 months left of the cycle in which altcoins will enter their most parabolic phase.
And we also have the MACD telling us the same story.
I have posted a bit recently on only caring about the HTF moves and being totally indifferent to the LTF.
Well, this chart is a great example of why.
This chart tells me very clearly that the true upside mode of the market for altcoins hasn't even begun yet.
All we have had so far is a build up to previous ATH's, and next up, we have the price discovery.
It's clear as day.