BTC Dominance - When does ALT SEASON start?

25 нояб.

Greetings! I'll tell you that even though altcoins are doing great, I don't believe alt season has started. Certainly some alts have done very well. ADAUSDT has been one of the biggest winners, for exmaple, over the last 60 days, moving roughly 200% in a short period of time. SUIUSDT has done very well, too.

Don't let that fool you. There's still more work that needs to be done and several alts have not moved a whole lot compared to their lows and are still far from their prior highs.

I outline in the video the importance of breaking this lead-in level (in green) and only then do I think alt season has already started. Certainly this is a statement that is easy to say. One could suggest we're already in alt season, and that very well could be, but confidence increases drastically once this lead-in trendline is broken. Break this, and I don't think you're late to the game. You may be buying things higher than the lows, but the upside potential in alts is significant as we've seen in previous cycles.

Spread your capital around and don't hyperfocus on one single altcoin and you should be fine. Don't overleverage yourself, either. Trade wisely and protect your capital.

Take care everyone!