According to Captain Faibik, the pain of the past six months may finally flip into significant gains, expressing his bullish sentiment towards several alts. While a rally brews, the analyst has urged investors not to panic sell or keep watching charts. Rather, they should extend their focus on accumulating and holding non-BTC assets in Spot.
Looking at the 1-week chart, this pattern seems to be resurfacing, forming a similar double top-like move that tricked many retail buyers into purchasing the second high. BATMAN claims that altcoins now feel as dead as they did in the past.
However, the charts are nearly identical when aligned, down to the -53% decline from the second peak to support. Even though history does not always repeat itself, it often rhymes, and the expert is confident that a similar result might occur in this cycle.
