What The Last Leg Up In The Crypto Bull Market Could Look Like

Tony "The Bull" Severino

1 year ago

2 mins read

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Crypto assets like Bitcoin and Ethereum have taken a beating since April local highs, calling into question if the once powerful bull market is over or not.

If it isn’t, a fractal discovered from the past market cycle forming this time around, could provide a roadmap for the last leg up of the current bull market. Here’s what that looks like if the trajectory continues to be followed and the fractal is accurate.

Boom & Bust: Bitcoin, Market Cycles, The Halving, And More

All markets are cyclical and cryptocurrencies are no different, albeit moving at a much faster rate. The always on aspect of crypto also has sentiment phases alternating a lot more quickly.

For example, gold took nearly a decade of accumulation before a breakout into a new bull run, while Bitcoin tends to cycle every four years coinciding with its block reward halving.

The older the leading cryptocurrency by market cap gets, market cycles appear to be lengthening. But for altcoins, they’re moving just as fast, if not faster.

That could be why Bitcoin has turned bearish, all while altcoins are still super hot. Regardless of the reasoning, altcoins rising or Bitcoin bottoming here, the total market cap chart suggests another leg up is coming.

Fractal Found: What The Last Leg Across Crypto Looks Like

A fractal found on the total cryptocurrency market cap very closely mimics a faster and sharper parabolic ascent compared to the last market cycle.

Although the recent crash has turned sentiment sharply bearish and wondering if the top is in, if there is one more leg up and it matches the fractal, getting shaken out now will be far more painful than any crash.

Is Bitcoin following a similar fractal to 2017? | Source: CRYPTOCAP-TOTAL on TradingView.com

What the fractal suggests would happen is a spike to as high as $9 to $10 trillion across all assets.

The lion’s share would still be due to Bitcoin and Ethereum, but that number indicates that the rest of the crypto market could soon explode in value.

Related Reading | Five Signs That The Bitcoin Bottom Is In

What’s even more shocking, is that the total crypto market cap figure barely represents all the value in the crypto space today. There’s no NFTs included, new DeFi projects haven’t quite been added, and who knows what else has been missed that lurks in the shadows of crypto.

At a target of around $10 trillion in value within the next year or so, it would be hard to deny that the asset class at that point was overvalued, and it could bring about a substantial correction and bear market.

Featured image from iStockPhotos, Charts from TradingView.com

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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