The Crazy Altcoin Season will start in October 2024! Why?
Based on the large-cycle analysis of BTC and ETH/BTC trends:
1. Review of the trend in 2020:
BTC started the third wave of the main rise two months after the halving.
The Bitcoin market share (BTC-D) peaked in December 20, seven months after the halving, and then began to fall all the way.
ETH/BTC also bottomed out in December 20, and ETH, as the king of the Altcoin, began to strengthen.
2. Forecast of this round of bull market:
The trend rhythm is faster than the bull market in 21 years, so it is speculated that BTC-D is expected to peak in October, six months after the halving, and the range is predicted to be 57%-60%.
The Ethereum ETF is expected to be launched in July, and the bottom time of ETH/BTC is expected to be advanced, but to achieve great things, it will still have to wait until after October.
Why do Altcoins only explode in the middle and late stages of the bull market?
1. The funds of the altcoin project are limited. From the entire bear market to the early stage of the bull market, they need to continue to pay wages and expenses, and can only sell coins every month.
2. In the middle and late stages of the bull market, after the big whales have made enough money on BTC, some hot money will turn to fight for altcoins, forming a bubble altcoin season, which is both a carnival and a wave of harvest.
I don’t agree with the view that there is no altcoin season in this round of bull market. There are very few goods that can be sold by smashing the market. Only crazy pull-ups in the altcoin season are the best routines for various project parties to ship goods.
How to deal with it?
1. Before October 2024: 50% BTC, 30% ETH/SOL/BNB, 20% popular altcoins.
2. At the end of October (it is expected that the third wave of BTC will be completed): 30% BTC, 40% ETH/SOL/BNB, 30% popular altcoins.
3. At the end of December (BTC is expected to enter the top range): 30% USDT arbitrage, 30% ETH/SOL/BNB, 40% popular altcoins.
4. At the end of March 2025 (expected to be the end of the altcoin season): 90% USDT, 10% popular altcoins.
5. Starting from April 2025: Clear positions and do what you need to do.
The above is only the most stable way. If you want to make a big profit, you still need to have a large position in altcoins. After all, altcoins have fallen a lot. But the altcoin season is coming, and we still have to wait for BTC and ETH to break new highs.
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Again, at this stage, we are all planning some good currencies
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I will not let my fans miss out in this bull market!This is the truth
