The confirmation signal for Altcoin Season is becoming clearer
What to do now is to sit back and wait for the Altcoin closing day. Points of contact:
- DOM is starting to break down slowly => Money is flowing from $BTC to Altcoin
- USDT.D has started to gradually break and I am dividing it into 3 areas
(1) Hovering around 4% if this area breaks, it officially confirms that the Altcoin season is starting to take place strongly.
(2) Around 2.5% and this area when touched indicates that many Altcoins are running in a bull wave (measured by several long candle W columns)
(3) Around 2% and this is an area to be cautious because this will be the area where early running Altcoins are completing their bull wave to enter the distribution phase.
This is just a way to view the overall wave of the market, and of course, when BTC DOM and $USDT decrease, there will also be some retracement waves and vice versa. Many Altcoins will also run before completing waves, followed by other coins.
Not to mention that in an uptrend, new coins will continuously follow the trend, and money will always be in a very fast and strong circulation state.
It does not necessarily mean that touching points (2) and (3) will be the point to fully take profits on Altcoin, but it is a point to consider taking profits on positions that have high ROI and can reinvest profits to snowball those trends at that time.
But remember to be decisive and not to procrastinate because it is very easy to have to wait for another cycle.
