🛸WHEN IS THE ALTSEASON COMING🛸
❗Probably the most urgent topic lately, due to the number of burned hopes and drained deposits of retail traders.
📅Therefore, I propose to lay everything out clearly and on the shelves, so that after reading this longread did not arise questions, and managed to save and increase their capital.
📈Altcoin Season Index - let's start with the easiest to understand indicator, which at the moment we can observe the predisposition to the "bitcoin season", and this is due to a significant increase in dominance, which we will talk about in the paragraph below.
I would not consider this metric as the main metric, as it is simply adjusting to the current market.
📊BTC.D - bitcoin dominance is at its peak for the last year, so we can't see the much coveted "alt season", but I'm sure you'll like the local picture better, as we have successfully tested a valid resistance zone, and have already shown a reaction from it, so in the near future I intend to see the removal of the two swing lows below, and a decline to the 52-53% indicator.
💲TOTAL - well and of course, where without the total capitalization of the market, in this case we are testing a valid imbalance and on the lower tf the accumulation pattern is traced, so I think we are about to see an upward move to 2.5t-2.57t$.
When do you think the altseason is coming? Let me know!