crypto analysts under the nickname EtherNasyonal shared a chart of the overall market value of cryptocurrencies excluding bitcoin. In this chart you can see the Wyckoff Cycle, a widely used chart to understand market behavior and trends. This chart shows 4 different phases of the market: accumulation, growth, distribution and decline.
The accumulation phase is when “smart money” starts buying assets at low prices, and prices strengthen as selling pressure decreases. Once the accumulation phase is complete, the markup phase begins when the price leaves the consolidation range and begins an uptrend caused by increased demand.
The next stage, the distribution phase, is characterized by selling pressure when the smart money begins to sell assets, causing prices to correct or stabilize. After this phase, a decline phase begins, when selling pressure exceeds demand and a downward trend occurs.
Based on these unique phases, #cryptocurrency has shown that the market is currently in a growth phase characterized by rising prices for various #cryptocurrencies . By 2025, 2026, and 2027, the market is expected to enter a re-accumulation phase, another growth phase, and a distribution phase, respectively.
The right side of the chart also shows the continuation of these different phases of the market. From 2027 to 2030, the accumulation, markup, and distribution phases will take place.
Judging by the Wyckoff EtherNasyonal cycle chart, the altcoin season has begun, and #altcoins are already preparing for a parabolic spike. Altcoin season is a period when cryptocurrencies, with the exception of #bitcoin , have risen significantly in price, often significantly outperforming bitcoin. Judging from past bull markets, some of the altcoins leading the previous altcoin season were Ethereum, Cardano and Solana.
Cryptographers reported that the altcoin season will begin after the re-accumulation phase on the cryptocurrency market wyckoff chart. The re-accumulation phase will happen in 2024, after the growth phase in 2025.
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