Many #altcoins have pumped over 𝟭𝟬𝟬% in the past few days🚀
Is it the start of an #altseason?🔥
A guide to spot an upcoming altseason before the masses to capitalize on the upcoming 𝟏𝟎𝐱–𝟏𝟎𝟎𝐱 opportunity
Bookmark this thread 🧵, as you need this alpha in bull market.
Is it the start of an #altseason?🔥
A guide to spot an upcoming altseason before the masses to capitalize on the upcoming 𝟏𝟎𝐱–𝟏𝟎𝟎𝐱 opportunity
Bookmark this thread 🧵, as you need this alpha in bull market.
▶️ In the past few days, several altcoins have pumped vigorously amid the #Bitcoin sideways movement 🔥
▶️ This price action of altcoins has started to resemble the previous altseason, which has helped people make life-changing gains.
▶️ This price action of altcoins has started to resemble the previous altseason, which has helped people make life-changing gains.
▶️ In this thread, I will explain everything about the #altseason, how to spot it, and whether an altseason has started.
▶️ By no means is this financial advice, so seek knowledge from it but take final decisions on your own. #NFA #DYOR
▶️ By no means is this financial advice, so seek knowledge from it but take final decisions on your own. #NFA #DYOR
▶️ The money rotation is the other thing that causes an altseason, as after some time investors get bored playing with Bitcoin and hence rotate their money into altcoins, which pumps their price given that Altcoins are more risky than Bitcoin and could yield greater rewards too.
𝐇𝐎𝐖 𝐓𝐎 𝐒𝐏𝐎𝐓 𝐀𝐍 𝐀𝐋𝐓𝐒𝐄𝐀𝐒𝐎𝐍?
▶️ A lot of people get to know about altseason when the traditional media starts to cover it.
▶️ Some people even wait for that 75% mark to hit to take an altcoin position.
▶️ A lot of people get to know about altseason when the traditional media starts to cover it.
▶️ Some people even wait for that 75% mark to hit to take an altcoin position.
But remember that when that indicator hits 75%, most of the gains have already been made.
So, here are a few things to see if you want to spot an altseason early.
1️⃣ Bitcoin dominance going down
▶️ Bitcoin is the market leader, and generally, it decides the market's momentum.
So, here are a few things to see if you want to spot an altseason early.
1️⃣ Bitcoin dominance going down
▶️ Bitcoin is the market leader, and generally, it decides the market's momentum.
▶️ If the #BTC dominance is going down, it means that profits are getting shifted from BTC to alts.
▶️ Remember that if BTC dominance is going down while its price is going sideways, it's the best opportunity for altcoins to pump big.
▶️ Remember that if BTC dominance is going down while its price is going sideways, it's the best opportunity for altcoins to pump big.
2️⃣ ETH/BTC pair pump
▶️ ETH is the leader of altcoins, and every altseason starts when #ETH starts to outperform BTC on a longer timeframe.
▶️ Always keep an eye on the ETH/BTC pair to see a breakout or a bounce back from a crucial support.
▶️ ETH is the leader of altcoins, and every altseason starts when #ETH starts to outperform BTC on a longer timeframe.
▶️ Always keep an eye on the ETH/BTC pair to see a breakout or a bounce back from a crucial support.
3️⃣ Individual tokens against BTC
▶️ Just because ETH is outperforming BTC and BTC dominance is going down, it doesn't mean your coin will pump, so keep a close look at the potential breakout of your favourite alt against BTC on a longer timeframe (generally weekly or monthly).
▶️ Just because ETH is outperforming BTC and BTC dominance is going down, it doesn't mean your coin will pump, so keep a close look at the potential breakout of your favourite alt against BTC on a longer timeframe (generally weekly or monthly).
4️⃣ Altseason index going upwards
▶️ The last thing one needs to see is the upward movement in the altseason index, as it shows that money has started to enter alts.
▶️ Remember that if all 4 of these indicators are looking in your favour, It's reasonable to increase exposure.
▶️ The last thing one needs to see is the upward movement in the altseason index, as it shows that money has started to enter alts.
▶️ Remember that if all 4 of these indicators are looking in your favour, It's reasonable to increase exposure.
𝐇𝐀𝐒 𝐀𝐍 𝐀𝐋𝐓𝐒𝐄𝐀𝐒𝐎𝐍 𝐒𝐓𝐀𝐑𝐓𝐄𝐃?
Now the most important question is whether an altseason has started, and there are a few signs that are currently in the alts favour and are indicating a good run in altcoins.
Now the most important question is whether an altseason has started, and there are a few signs that are currently in the alts favour and are indicating a good run in altcoins.
3) Dominance down, Price sideways
▶️ If there is anyone in the market for more than a cycle, they know that altcoins pump best when Bitcoin goes sideways or pumps a little during bullish market momentum, and the same has started to happen, which we want to see for few more days.
▶️ If there is anyone in the market for more than a cycle, they know that altcoins pump best when Bitcoin goes sideways or pumps a little during bullish market momentum, and the same has started to happen, which we want to see for few more days.
▶️ Always Remember to invest in tokens with utility, as their pump is more sustainable in the long run.
Here's a guide to all the tools you need to prepare yourself for the upcoming bull run.
Here's a guide to all the tools you need to prepare yourself for the upcoming bull run.
That's the wrap. If you find this thread helpful, then hit ❤️ and Follow @sumitkapoor16.
Remember to bookmark this thread.
Remember to bookmark this thread.
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