Take a look at the monthly MACD chart of the altcoin marketcap.
When the monthly MACD had an golden cross, the altcoin marketcap had boomed. This month, the golden cross occured again, and it seems to start booming again 💥 I'm pleased to see a green candlestick on the monthly MACD chart 🤗
Some altcoins already started corrections since Apr 2021, and the others started corrections since Nov 2022. It's been more than 2.5 years, since the corrections started. I think it's very enough to start heating the altcoin market. The altcoin market has enough correction and consolidation period. As well as, we're about to the BTC 4th halving and the decision of spot BTC ETF applications approvals. Furthermore, the Fed is ready to the federal funds rate cut three times next year. It looks like that 2024 is better than 2023.
The most definite thing is the crypto market will be exponentially growing than we expected. Of course, there would be some internal market issues such as embazzlement, bankruptcy and hacking, etc. However, market will overcome these issues, as always.
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
This post offers an insightful and detailed perspective on the cryptocurrency market, supported by technical analysis and chart data like the MACD and candlesticks. The poster notes positive technical developments and strengths in the market, such as the appearance of the Golden Cross, indicating a potential upward trend.
It draws on extended correction periods the market has undergone, signaling the potential for a new strong phase of activity, especially with the upcoming Bitcoin halving events and potential decisions on Bitcoin ETFs. These factors are believed to potentially support the thriving of the cryptocurrency market in the upcoming years.
The prediction of rapid market growth reflects optimism and positive expectations. However, it also points to the need for caution and a careful approach to investing, given the warnings about potential internal market issues like embezzlement, bankruptcy, and hacking, which require ongoing attention.