- TOTAL3 chart prints a new golden cross for altcoins
- Similar past signals led to strong rallies
- Bears might face major liquidations soon
A major bullish signal has just flashed on the altcoin market . According to the TOTAL3 chart—which tracks the combined market cap of all altcoins excluding Bitcoin and Ethereum —a new golden cross has formed. This technical pattern occurs when the 50-day moving average crosses above the 200-day moving average, historically signaling the start of a strong upward trend.
In previous cycles, this same golden cross pattern on TOTAL3 preceded major rallies across the altcoin market. Traders and analysts are now watching closely, as this could be the beginning of another powerful bull run.
Historical Patterns Suggest Multi-Month Rallies Ahead
The last two times the TOTAL3 chart showed a golden cross, altcoins surged for several months, delivering high double-digit or even triple-digit gains. These historical patterns offer strong evidence that the current signal may not be a false alarm.
Altcoin investors are starting to load up their bags in anticipation. If the trend follows previous patterns, we may soon see altcoins outperforming Bitcoin in terms of percentage gains.
Bears May Face Massive Liquidations
As altcoins begin to climb, short positions across the market are becoming increasingly vulnerable. With momentum building and bullish sentiment returning, bears could soon face massive liquidations, fueling even sharper moves upward.
The market is entering a crucial phase where timing is everything. Traders who position themselves correctly could ride this potential wave to major profits.
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