Based

bullish

<ul>
 <li>Crypto analysts foresee a potential second impulse wave in the 2018-2024 altcoin cycle, following historical market patterns.</li>  
 <li>The 2014-2018 altcoin cycle saw two impulse waves, and the current cycle shows signs of following a similar upward trend.</li>  
 <li>After a mid-cycle correction, the altcoin market may experience continued growth, as seen in the 2014-2018 cycle's second impulse wave.</li> 
</ul>  
<p>The crypto market has long been known for its cyclical nature, often following established patterns of growth and correction. According to crypto analyst <a href="https://x.com/el_crypto_prof" target="_blank" rel="noopener noreferrer nofollow">el_crypto_prof</a> on X, the current altcoin market, excluding Bitcoin, may be on the verge of repeating a pattern seen in the past.&nbsp;</p>  
<p>His analysis points to a potential second impulse wave, similar to what occurred during the 2014-2018 cycle. Based on this chart analysis, the market may be entering a new bullish phase, which could lead to further gains in the altcoin sector.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/el_crypto_prof/status/1827373337942597942
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-historical-market-cycle-2014-2018"><strong>Historical Market Cycle: 2014-2018</strong></h2>  
<p>The chart highlights the 2014-2018 altcoin market cycle, which begins with a double bottom formation, signaling the end of a bearish period. This pattern <a href="https://cryptonewsland.com/top-3-altcoins-dominating-the-nft-space/" rel="noopener noreferrer nofollow">often indicates a reversal</a>, leading to a new upward trend. Following the double bottom, the market experienced its first significant rise, known as Impulse Wave 1.&nbsp;</p>  
<p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdlXcrTDTCRkAhO8Y0IMLP0ZPuomDVyU3kzXRv3VXlWPfX1M6YQZGlwkR-b-as3rZY_dmW3LRvu2eyfngl2n2x8Ez3Zvoffdl0g28qFUlwqzc7d-c1vpIFJtb0TeVKczP7Wy_gkArm4kscPOFeqwtVHk8SW?key=ElpTgUeuEi_lNOaim1n4cA"></p>  
<p>Source: <a href="https://x.com/el_crypto_prof/status/1827373337942597942" target="_blank" rel="noopener noreferrer nofollow">el_crypto_prof</a> on X</p>  
<p>This wave marked the initial bullish momentum, which was followed by a mid-cycle correction. This correction allowed for consolidation in the market, preparing it for the next move upward. As the market resumed its bullish trend, Impulse Wave 2 occurred, pushing the altcoin market to new highs and completing the cycle.</p>  
<h2 class="wp-block-heading" id="h-current-market-cycle-2018-2024"><strong>Current Market Cycle: 2018-2024</strong></h2>  
<p>The current altcoin market appears to be following a similar structure. As seen, the 2018-2024 cycle started with a double bottom formation, indicating the <a href="https://cryptonewsland.com/celr-ar-render-token-potential-top-performers/" rel="noopener noreferrer nofollow">potential end of a downtrend</a>. This has led to the first impulse wave, similar to what was observed in the previous cycle.&nbsp;</p>  
<p>Following this upward movement, the market has undergone a mid-cycle correction, represented by a wedge or triangle pattern. This phase suggests a period of consolidation, which may lead to another upward push in the coming months.</p>  
<h2 class="wp-block-heading" id="h-signs-of-impulse-wave-2-in-the-making"><strong>Signs of Impulse Wave 2 in the Making</strong></h2>  
<p>Notably, the chart shows the market entering a critical phase, resembling the start of the second impulse wave. The yellow-highlighted section on the chart indicates this phase, which could see the market continuing <a href="https://cryptonewsland.com/top-altcoins-to-invest-in-now-sui-imx-fet/" rel="noopener noreferrer nofollow">its upward momentum</a>. Historical patterns from the 2014-2018 cycle suggest that after the mid-cycle correction, the altcoin market could follow the same bullish trajectory, potentially leading to further growth.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/analyst-sees-altcoins-following-2014-2018/" rel="noopener noreferrer nofollow">Analyst Sees Altcoins Following 2014-2018 Bullish Pattern After Mid-Cycle Correction</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Analyst Sees Altcoins Following 2014-2018 Bullish Pattern After Mid-Cycle Correction

Table of Contents

Crypto News Land

Other articles published on Aug 25, 2024

This Altcoin’s Biggest Whale Goes Again into Buying Mode

A Mother’s $700,000 Gain with Dogecoin – Could BlockDAG Offer the Same?

WBS Dubai 2024: Revolutionizing the Digital World of Web3.0

Peasant Pepe Solana Memecoin Will Rally Over 19,000% Before Exchange Listings, While SHIB and DOG...

Crypto: Cardano’s Chang Hard Fork Postponed again – The Reasons Hehind this Decision

Which is the Best Cheap Crypto to Buy Now in August 2024? Top 3 Contenders Featuring Ripple (XRP)...

Join our free newsletter for daily crypto updates!