If you wait for the Alt Season, keep an eye out for this pattern
https://www.tradingview.com/chart/LDSBF9eX/
I recently explored the dynamics between total coin market cap, alt dominance, and major internal and external events, and identified certain patterns
[1] There are three alt dominance bull waves in a medium to long-term cycle
- In other words, there are three alt seasons in a single medium to long term cycle.
- If you enter before the second upward wave, you can be successful.
- However, do not enter the third and final wave as it is a fake.
[2] The true alt season comes after the US presidential election.
- There are also alt seasons before and after halving, but they are just warm-ups.
- The mega alt season coincidentally arrives right after the US election.
- I don't know if it's a coincidence or a necessity, but it seems to be influenced by political issues.
[3] The market dominance of the alt sector has continued to grow.
- The peak level of Bitcoin dominance has been decreasing over time.
- This is a sign that funds are becoming more and more decentralized into the alt sector.
- Of course, the number of altcoins has also increased, that means the decision of which alt to invest is so important.
In conclusion, if historical patterns repeat themselves, my conclusion is that the second alt season in the current long-term cycle is coming in the near future, and only those who strategically enter the market at a time when everyone else is bored will be able to "reap the fruits of the mega alt season."
I recently explored the dynamics between total coin market cap, alt dominance, and major internal and external events, and identified certain patterns
[1] There are three alt dominance bull waves in a medium to long-term cycle
- In other words, there are three alt seasons in a single medium to long term cycle.
- If you enter before the second upward wave, you can be successful.
- However, do not enter the third and final wave as it is a fake.
[2] The true alt season comes after the US presidential election.
- There are also alt seasons before and after halving, but they are just warm-ups.
- The mega alt season coincidentally arrives right after the US election.
- I don't know if it's a coincidence or a necessity, but it seems to be influenced by political issues.
[3] The market dominance of the alt sector has continued to grow.
- The peak level of Bitcoin dominance has been decreasing over time.
- This is a sign that funds are becoming more and more decentralized into the alt sector.
- Of course, the number of altcoins has also increased, that means the decision of which alt to invest is so important.
In conclusion, if historical patterns repeat themselves, my conclusion is that the second alt season in the current long-term cycle is coming in the near future, and only those who strategically enter the market at a time when everyone else is bored will be able to "reap the fruits of the mega alt season."
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