What is an altseason❓What altcoins to BUY❓
Altseason is a time when you can increase your deposit by several times in just a couple of weeks. But how to identify why and when the altseason starts, what is domination and what altcoins to buy? We will talk about that in this educational idea.
📊 What is an altseason?
Altseason is a period in the cryptocurrency market when altcoins grow by 50-100% or more in a few weeks.
📊 When does the altseason start?
Typically, the altseason happens when Bitcoin:
🔥 is in consolidation, i.e. trades in the same price range for a long time or 1-1,5 month after it
🔥 renewed it`s ATH (20k in 2017, 69k in 2021, etc.)
🔥 starts it`s correction close to ATH or when BTC has already reached its new all-time highs before bear market
🚩In this example I have compared Bitcoin and Ethereum. Ethereum is the largest and most famous altcoin. If you want to understand what will happen with altcoins, look at Ethereum.
On the chart you can see the altseasons and how much more percent Ethereum is growing than Bitcoin:
1️⃣ BTC +32% vs ETH +136%
2️⃣ BTC +40% vs ETH +70%
3️⃣ BTC -15% vs ETH +170% for the same period
🚩 There are the altseasons.
📊 Why should you pay attention to Bitcoin and Ethereum?
99% of altcoins follow Bitcoin. When Bitcoin is in a bear market, all altcoins fall except the popular ones at the time. For example, like GMT in its day.
When Bitcoin is rising, all altcoins are rising. When Ethereum rises in pair with Bitcoin (ETH/BTC), all other altcoins rise. This is especially common when Bitcoin begins its first correction after reaching its all-time highs and a bear market begins.
📊 Why does an altseason happen?
The main reason for an altseason is the outflow of money from Bitcoin and its flow into altcoins.
The second reason is the desire to make as much money as possible. Especially this huge desire has retail traders and newcomers who have just come on the highs of the crypto market. They sell their Bitcoins and use the money to buy altcoins, which grow by 100% or more in a few weeks.
🚩Of course, Bitcoin has a much larger capitalisation and cannot grow that fast, but altcoins with a capitalisation of up to 1 billion grow very quickly.
✅ As a consequence, Bitcoin's Domination falls. Dominance is a measure that shows the ratio of the worth of all Bitcoins to the total worth of the crypto market (the capitalisation of the entire crypto market). If Bitcoin Dominance is 40%, it means that 60% of the remaining money is in altcoins. A rise in Dominance to 50% means that Bitcoin has equalised in value to all other altcoins combined.
Many people think that Domination helps determine the altcoin season, but this index only shows the fact✅of the flow and predicting that money from Bitcoin will start flowing into altcoins at a certain point using Domination is quite difficult.
📊 What altcoins to buy before the alt season has started?
Friends, how to predict that AXS will grow by 130x or meme lord Elon Musk will start pamping exactly meme coins? It's almost like a lottery, that's why I recommend you to choose altcoins from different categories and buy them in equal parts: DeFi, Game-Fi, Exchange and wallet tokens etc.
Equal capital allocation will ensure that you don't miss out on any kind of altcoin growth. From practice, this is the most correct way. And what ways to buy altcoins do you know? Share in the comments.
🔥 Most likely, the next BIG altseason will start after Bitcoin renews its all-time highs. In the current market situation, that could happen within 6-12 months.
Traders, was this article about the altseason useful to you? Write your opinion in the comments.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
📊 What is an altseason?
Altseason is a period in the cryptocurrency market when altcoins grow by 50-100% or more in a few weeks.
📊 When does the altseason start?
Typically, the altseason happens when Bitcoin:
🔥 is in consolidation, i.e. trades in the same price range for a long time or 1-1,5 month after it
🔥 renewed it`s ATH (20k in 2017, 69k in 2021, etc.)
🔥 starts it`s correction close to ATH or when BTC has already reached its new all-time highs before bear market
🚩In this example I have compared Bitcoin and Ethereum. Ethereum is the largest and most famous altcoin. If you want to understand what will happen with altcoins, look at Ethereum.
On the chart you can see the altseasons and how much more percent Ethereum is growing than Bitcoin:
1️⃣ BTC +32% vs ETH +136%
2️⃣ BTC +40% vs ETH +70%
3️⃣ BTC -15% vs ETH +170% for the same period
🚩 There are the altseasons.
📊 Why should you pay attention to Bitcoin and Ethereum?
99% of altcoins follow Bitcoin. When Bitcoin is in a bear market, all altcoins fall except the popular ones at the time. For example, like GMT in its day.
When Bitcoin is rising, all altcoins are rising. When Ethereum rises in pair with Bitcoin (ETH/BTC), all other altcoins rise. This is especially common when Bitcoin begins its first correction after reaching its all-time highs and a bear market begins.
📊 Why does an altseason happen?
The main reason for an altseason is the outflow of money from Bitcoin and its flow into altcoins.
The second reason is the desire to make as much money as possible. Especially this huge desire has retail traders and newcomers who have just come on the highs of the crypto market. They sell their Bitcoins and use the money to buy altcoins, which grow by 100% or more in a few weeks.
🚩Of course, Bitcoin has a much larger capitalisation and cannot grow that fast, but altcoins with a capitalisation of up to 1 billion grow very quickly.
✅ As a consequence, Bitcoin's Domination falls. Dominance is a measure that shows the ratio of the worth of all Bitcoins to the total worth of the crypto market (the capitalisation of the entire crypto market). If Bitcoin Dominance is 40%, it means that 60% of the remaining money is in altcoins. A rise in Dominance to 50% means that Bitcoin has equalised in value to all other altcoins combined.
Many people think that Domination helps determine the altcoin season, but this index only shows the fact✅of the flow and predicting that money from Bitcoin will start flowing into altcoins at a certain point using Domination is quite difficult.
📊 What altcoins to buy before the alt season has started?
Friends, how to predict that AXS will grow by 130x or meme lord Elon Musk will start pamping exactly meme coins? It's almost like a lottery, that's why I recommend you to choose altcoins from different categories and buy them in equal parts: DeFi, Game-Fi, Exchange and wallet tokens etc.
Equal capital allocation will ensure that you don't miss out on any kind of altcoin growth. From practice, this is the most correct way. And what ways to buy altcoins do you know? Share in the comments.
🔥 Most likely, the next BIG altseason will start after Bitcoin renews its all-time highs. In the current market situation, that could happen within 6-12 months.
Traders, was this article about the altseason useful to you? Write your opinion in the comments.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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