Altcoin Market Preparing Shocking Disbelief Rally According to Wall Street Cheat Sheet

Last week, the altcoin market and many individual crypto assets broke out from downtrend resistance and went on a massive rally.

However, for the first time since the crypto hype bubble collapse, the crypto community isn’t buzzing about an alt season suggesting that investors are still in the disbelief stage. Even the recent price action over the last two years backs up the theory, according to the famous Wall Street Cheat Sheet.

Market Psychology Suggests Altcoin Investors Are In Disbelief About Coming Bull Run

The altcoin market has been bleeding out for two straight years now, after Bitcoin and cryptocurrency took the world by storm in late 2017.

Cryptocurrencies were in a bubble – a bubble that burst and caused the value of these emerging assets to decline as much as 99% in value in many cases.

Related Reading | Altcoin Market Explodes By Over 50% In 30 Days, Is Crypto Due for A Pullback?

Two years later, the market is still recovering from the damage done, and although the…