MARKET RALLY/ALTCOIN RALLY

I think I wrote an article on this subject last March or April, but I would like to touch on these two concepts again for those who are new to the market in this process.

Altcoin Rally; It is the event where money leaves BTC and turns to altcoins as a result of the fact that BTC dominance in the crypto market has significantly ended.

You should not confuse altcoin rally with BTC passing a very important resistance (ATH) and starting to carry the entire market up and causing a rally.

The gains like 25X 50X 100X that you are hoping for only happen in altcoin rallies.

The fact that BTC has been stuck at 60-72 thousand levels for months and has gone through a correction period at 20% levels is the biggest reason why the altcoin rally has not started because no one gave up BTC for the 20% correction and money did not flow to altcoins.

Therefore, my request from you, my followers; please be cautious to those who imagine that you will become a millionaire with a 300-500 USD investment in the market and manipulate you with this dream, to YouTube celebrities who recommend you a junk coin saying that this coin will make 100X (they get paid for that recommendation), to those who say that this coin will drop 5 zeros and definitely buy it. Do not even take it seriously.

If BTC enters a much bigger correction process than it has in the last 7 months when its first target reaches 90-100 thousand levels, then maybe an altcoin rally will start. If there is a similar correction process that we have experienced in the last 7-8 months, the altcoin rally will never start.

The fact that the world's largest fund company BlackRock has received BTC spot etf approval will be one of the biggest factors that will make it harder for BTC dominance to decrease.

With the rise of BTC, some altcoins will make 3X 5X. These are situations that can happen in the normal flow of a market rally. This does not mean that the altcoin rally has started and we should sell our houses and cars and invest everything in altcoins.(We should never do this anyway.)