Silver Fractal: Are Crypto Altcoins On the Cusp of an Explosive Surge?

Tony "The Bull" Severino

4 years ago

3 mins read

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A fractal has been discovered in silver and altcoins that mimics the early days of Bitcoin. Silver is already on the move, starting to follow the fractal, but the crypto market is lagging behind. If – like Bitcoin has followed gold – altcoins continue to follow silver, an explosive surge is just around the corner.

Fractal Foretells Explosive Breakout in Altcoins Based on Early Days of Bitcoin

According to a fractal discovered by one crypto analyst, both silver and the total altcoin market cap appear to be mimicking early Bitcoin. Notably, the two assets classes are following the path of Bitcoin’s bear market bottoming process that took place from 2015 through 2016.

Altcoins and silver have remained in a similar sideways accumulation range, where investors may have been loading up on the scarce assets ahead of a markup phase.

The same sort of bottoming pattern also played out in the gold market, and the asset not only has been in an increasingly strong uptrend, but it has recently set a new all-time high.

If the assets do continue to follow the original crypto asset’s bear market bottoming fractal, as soon as the range is broken, an explosive pump takes place next. Silver just had its surge, nearly doubling in value over the last month. Is it now altcoins time to shine?

XAGUSD / Total 2 (Alt Market Cap) / BTCUSD Historic Fractal Comparison | Source: TradingView

Will Crypto Follow Silver and Gold As The Fractal Suggests?

Fractals are repeating patterns that play out in price charts of financial assets like crypto. However, they are a polarizing topic in the trading world. Some analysts claim fractals only cloud judgment, while others give ample credence to the repeating patterns.

These repeating patterns are found all over nature, in everything from snowflakes to the veins of leaves, and are often based on geometrical shapes and Fibonacci ratios. Geometrical shapes drawn on price charts can tip traders off to future price action, while Fib ratios can act as levels of support and resistance.

No one truly understands what dynamics are at play that causes all of this to occur, but it can be used by analysts in various ways with interesting results.

Experts like Thomas Bulkowski have endlessly studied the results of these geometrical patterns and developed a set of statistics that can be used to temper expectations. Others, like William Delbert Gann, believe the patterns have more to do with the precise angles coinciding with other factors, like time.

Whether or not this silver and altcoin following Bitcoin fractal is valid or not, will only be known in hindsight. For those considering crypto or the shining precious metal, is this an opportunity you really want to miss?

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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