{"id":378844,"date":"2019-04-18T00:01:51","date_gmt":"2019-04-18T00:01:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=378844"},"modified":"2019-04-17T20:13:49","modified_gmt":"2019-04-17T20:13:49","slug":"altcoin-trader-bitcoin-accumulation-phase","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/altcoin-trader-bitcoin-accumulation-phase\/","title":{"rendered":"Altcoin Trader: Alt Market Cap Shows Longest Accumulation Phase Yet"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Over the last few months, crypto traders and analysts have been ranting and raving about an apparent alt season, that saw the price of many altcoins double in value. It wasn\u2019t until <a href=\"https:\/\/uniquehot.com\/2019\/04\/04\/bitcoin-price-rose-more-in-one-hour-than-last-two-months-combined\/\">Bitcoin\u2019s recent rally<\/a> that the alt season was stopped in its tracked.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, according to one experienced altcoin trader and author, altcoins are still in an accumulation phase \u2013 the longest accumulation phase yet for altcoins \u2013 which suggests a markup phase may be around the corner.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Altcoin Market Accumulation Phase Continues, Longest on Record<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Since the start of 2019, various altcoins, front run by a <a href=\"\/tag\/litecoin\" rel=\"nofollow\">Litecoin<\/a> rally, have painted double digit gains. Many have gone on to outright <a href=\"https:\/\/uniquehot.com\/2019\/04\/02\/2019-crypto-alt-season-altcoins\/\">double in value<\/a> in just a few short weeks after breaking out of downtrend resistance.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The surge in pricing across low-,mid-, and high-cap altcoins has caused many to claim that an alt season was in full effect. Even <a href=\"https:\/\/uniquehot.com\/2019\/03\/13\/crypto-comeback-chart-altcoin-season\/\">Google Trends data showed a surge in interest<\/a> in Bitcoin\u2019s brethren.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/04\/02\/2019-crypto-alt-season-altcoins\/\">2019 Crypto Alt Season Kicks Off With Over 20 Altcoins Doubling in Value\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">However, a new chart shared by <a href=\"https:\/\/uniquehot.com\/2019\/03\/12\/experienced-altcoin-trader-outlines-expectations-for-bitcoin-and-alt-bull-cycles\/\">experienced altcoin trader<\/a> and author of the <a href=\"https:\/\/www.altcointradershandbook.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Altcoin Trader\u2019s Handbook<\/a>, Nik Patel, suggests that the altcoin market cap is still entrenched in an accumulation phase. The current accumulation phase, according to the chart, which covers off on the last five years of total altcoin valuations by market cap, is the longest on record lasting 260 days.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just an observation on ALTBTC accumulation over the past five years: <a href=\"https:\/\/t.co\/Y2b9WWLoUr\" rel=\"nofollow\">pic.twitter.com\/Y2b9WWLoUr<\/a><\/p>\n<p>&mdash; Nik (@cointradernik) <a href=\"https:\/\/twitter.com\/cointradernik\/status\/52772864?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 17, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Prior to the current accumulation cycle, the previous one occurred in late 2016 and early 2017, lasting for 108 days. The surge helped create the crypto hype bubble that popped in late 2017, and created a deep correction that turned into the longest bear market in history.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Alt Season Hasn\u2019t Started Yet, Mark Up Comes After Accumulation<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">If the altcoin market truly is in the accumulation phase still, despite <a href=\"https:\/\/uniquehot.com\/2019\/04\/02\/2019-crypto-alt-season-altcoins\/\">many skyrocketing in value<\/a>, what comes next might stun the world in terms of profit-generating growth.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">So longest alts accumulation in history! Are you leaning towards biggest altseason we have ever seen later this year?<\/p>\n<p>&mdash; ANSH (@manofaction_ab) <a href=\"https:\/\/twitter.com\/manofaction_ab\/status\/22474501?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 17, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">Accumulation phases often occur when \u201csmart money\u201d \u2013 as it\u2019s called \u2013 begins investing in an asset during the peaks of selloffs, or when \u201cblood is in the streets,\u201d as the late Baron Rothschild would say. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Following most accumulation phases, comes a mark up phase, where the value of the asset increases significantly. Once the price of the asset has grown enough, a phase of distribution, or selling of the asset, will take place.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/03\/15\/altcoin-season-is-here-but-whats-that-mean-for-bitcoin-btc-dominance\/\">Altcoin Season Is Here, But What\u2019s That Mean for Bitcoin (BTC) Dominance?<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Should the mark up phase not even have happened yet, the glimmer of an alt season we\u2019ve witnessed thus far will be little more than a flash in the pan in comparison. But it all hinges on what <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoi<\/a>n decides to do, as the altcoin market cap appears to be held back by Bitcoin dominance. <a href=\"https:\/\/uniquehot.com\/2019\/03\/15\/altcoin-season-is-here-but-whats-that-mean-for-bitcoin-btc-dominance\/\">Bitcoin dominance was close to falling below 50%<\/a> for the first time in 2019, however, the recent Bitcoin rally caused dominance to surge, and altcoins to fall.<\/span><\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Over the last few months, crypto traders and analysts have been ranting and raving about an apparent alt season, that saw the price of many altcoins double in value. It wasn\u2019t until Bitcoin\u2019s recent rally that the alt season was stopped in its tracked. However, according to one experienced altcoin trader and author, altcoins are still in an accumulation phase \u2013 the longest accumulation phase yet for altcoins \u2013 which suggests a markup phase may be around the corner. Altcoin Market Accumulation Phase Continues, Longest on Record Since the start of 2019, various altcoins, front run by a Litecoin rally, have painted double digit gains. Many have gone on to outright double in value in just a few short weeks after breaking out of downtrend resistance. The surge in pricing across low-,mid-, and high-cap altcoins has caused many to claim that an alt season was in full effect. Even Google Trends data showed a surge in interest in Bitcoin\u2019s brethren. Related Reading | 2019 Crypto Alt Season Kicks Off With Over 20 Altcoins Doubling in Value\u00a0 However, a new chart shared by experienced altcoin trader and author of the Altcoin Trader\u2019s Handbook, Nik Patel, suggests that the altcoin market cap is still entrenched in an accumulation phase. The current accumulation phase, according to the chart, which covers off on the last five years of total altcoin valuations by market cap, is the longest on record lasting 260 days. Just an observation on ALTBTC accumulation over the past five years: pic.twitter.com\/Y2b9WWLoUr &mdash; Nik (@cointradernik) April 17, 2019 Prior to the current accumulation cycle, the previous one occurred in late 2016 and early 2017, lasting for 108 days. The surge helped create the crypto hype bubble that popped in late 2017, and created a deep correction that turned into the longest bear market in history. Alt Season Hasn\u2019t Started Yet, Mark Up Comes After Accumulation If the altcoin market truly is in the accumulation phase still, despite many skyrocketing in value, what comes next might stun the world in terms of profit-generating growth. So longest alts accumulation in history! Are you leaning towards biggest altseason we have ever seen later this year? &mdash; ANSH (@manofaction_ab) April 17, 2019 Accumulation phases often occur when \u201csmart money\u201d \u2013 as it\u2019s called \u2013 begins investing in an asset during the peaks of selloffs, or when \u201cblood is in the streets,\u201d as the late Baron Rothschild would say. Following most accumulation phases, comes a mark up phase, where the value of the asset increases significantly. Once the price of the asset has grown enough, a phase of distribution, or selling of the asset, will take place. Related Reading | Altcoin Season Is Here, But What\u2019s That Mean for Bitcoin (BTC) Dominance? Should the mark up phase not even have happened yet, the glimmer of an alt season we\u2019ve witnessed thus far will be little more than a flash in the pan in comparison. But it all hinges on what Bitcoin decides to do, as the altcoin market cap appears to be held back by Bitcoin dominance. Bitcoin dominance was close to falling below 50% for the first time in 2019, however, the recent Bitcoin rally caused dominance to surge, and altcoins to fall. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":378851,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[35752,30232,35751,142,29527],"class_list":["post-378844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-alt-market-cap","tag-alt-season","tag-altcoin-traders-handbook","tag-altcoins","tag-nik-patel"],"acf":[],"yoast_head":"\n<title>Altcoin Trader: Alt Market Cap Shows Longest Accumulation Phase Yet<\/title>\n<meta name=\"description\" content=\"Over the last few months, crypto traders and analysts have been ranting and raving about an apparent alt season, that saw the price of many altcoins\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/altcoin-trader-bitcoin-accumulation-phase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoin Trader: Alt Market Cap Shows Longest Accumulation Phase Yet\" \/>\n<meta property=\"og:description\" content=\"Over the last few months, crypto traders and analysts have been ranting and raving about an apparent alt season, that saw the price of many altcoins\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/altcoin-trader-bitcoin-accumulation-phase\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-18T00:01:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-17T20:13:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/altcoin-altcoins-bitcoin-crypto-shutterstock_1365692858-1100x733.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"733\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; 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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\u2019s 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\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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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\u2019s 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\u2019s 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\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. 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