Rare Altcoin Signal Brewing Since 2020 Foreshadowing Parabolic Expansion, According to Crypto Analyst
A crypto analyst known for his charts says that altcoins are flashing a very bullish signal that’s been five years in the making.
In a post on the social media platform X, pseudonymous analyst TechDev shares with his 535,000 followers a TOTAL3 chart, which measures the entire market cap of crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.
Using three-month candles, TechDev’s analysis suggests that TOTAL3 is currently breaking out of a massive ascending triangle that started forming in late 2020.
“Macro altcoin expansion has triggered.
Not seen since late 2020.
But this one comes after a 4-year coil…the longest in history.”
The analyst believes that the altcoin market is trading…
