A bullish wave is nullified by a correction. If a strong correction develops after a strong bullish wave, you can chart as if there was no bullish wave to start. That is, once support is found the chart (trading pair) in question is back to baseline and everything becomes possible such as a new bullish wave and cycle.
For example: Binance Coin vs Bitcoin (BNBBTC) produced a very strong bullish cycle ending November 2022. The ensuing correction, from November 2022 until December 2023 fully nullifies the previous bullish wave.
Here we can see BNBBTC established support 2023 December and in February 2025 produced a long-term higher low. That’s it.
The bearish cycle ended. A bullish cycle is followed by a bearish cycle. A bearish cycle is followed by a bullish cycle.
Back in February 2021 BNBBTC moved weekly above EMA55. This move was followed by a more than 1,800% bullish wave. Just last week BNBBTC moved above EMA55, activating a new market run.
Summary
” We have the long-term higher low. December 2023 (higher) vs January 2021 (lower).
” We have local higher lows. July & February 2025 (higher) vs December 2023 (lower).
” We have the 672 days long accumulation (sideways) period. This is bullish. Between October 2023 and present day.
” We have a break and close above EMA55. This week starts green above EMA55 as confirmation of this resistance being conquered.
Conclusion · Altcoins Market True Bullish Bias
The altcoins market is bullish.
Will Bitcoin and the altcoins decouple? I don’t know, but I can tell you the altcoins market is bullish and ready to grow…
Higher targets are possible than what is shown on the chart.
Namaste.
