TL;DR
- Moustache, a prominent cryptocurrency analyst, anticipates the imminent start of altcoins season, supported by the formation of a “bearish cross” on the Bitcoin dominance chart.
- In addition to the bearish cross, the analyst has pointed out a change in the 3W Gaussian Channel technical indicator, which has shifted from showing red signals to green.
- Despite Bitcoin’s dominance in the crypto market, reaching a nine-week high with 56.5% of the total market capitalization, Moustache maintains his conviction in the upcoming Altseason.
A renowned cryptocurrency market analyst is fueling expectations by foreseeing the imminent start of altcoin season. Moustache, known for his insight into cryptocurrency analysis, has highlighted a crucial technical indicator: the formation of a “bearish cross” on the three-week Bitcoin dominance chart. This pattern historically precedes periods known as Altseasons, where altcoins outperform Bitcoin.
Moustache’s analysis extends beyond just the bearish cross. He has also noted a change in the 3W Gaussian Channel indicator, which has shifted from showing red signals to now being green. This indicator is highly respected for its accuracy in predicting market trends, and the last time it showed this pattern was in 2020, before an extended period of success for altcoins.
BTC Dominance is about to make a bearish cross on the 3W-Chart and people still doubt if an Altseason will happen lol.
I hope you guys didn't get shaken out, but good things take time.
I'm not selling, on the contrary, i add quality alts to my bags. pic.twitter.com/sYZrdWAmrf
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) June 19, 2024
It has finally happened.
The 3W Gaussian Channel has changed from red to green.
The last time this happened was in 2020, after which we saw an Altseason lasting several months.
My body is so ready.👀🔥 pic.twitter.com/ArTOo2txv1
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) June 17, 2024
Moustache Is Accumulating Altcoins
Despite Bitcoin’s current dominance in the crypto market, reaching a nine-week high with 56.5% of the total market capitalization, Moustache remains confident in the imminent Altseason. His confidence in this forecast is evident when he states, “I’m not selling; on the contrary, I’m adding quality altcoins to my positions.”
The crypto market recently experienced a $110 billion loss in total market capitalization, with Bitcoin seeing a slight 3% decline. However, altcoins have been most affected by these fluctuations. Despite setbacks, there is optimism in some sectors about a potential quick recovery after this downturn.
Moustache has sparked a wave of speculation among cryptocurrency investors and traders. Many are watching for signals that could indicate the beginning of a new phase in the market. This is a crucial moment where, if they act through informed decisions, they could capitalize on significant profit volumes if they have invested in alternative projects with solid foundations and high potential.
