đđ Hello traders, today we will talk about Path to #Altseason
đ€Altcoin season, or âAltseasonâ, is the home of face-melting gains & high volatility. Itâs pretty much Christmas for crypto tradersđ„°
â Bitcoins & Altseason
đ€©Put simply, Altseason begins when altcoins start to outperform Bitcoin (when prices of alts rise in comparison to Bitcoin), and Alt Season ends when Bitcoin outperforms altcoins. However, this does not mean that when Bitcoinâs price goes down alts automatically go up.
đPast the years we have noticed when the Alt Season starting this things happens
1#BTC is starting pumping first
2 #DOGE coin pumps next. Leading indicator of Alt Season.
3 #ETH and #LTC are pumping next
4 Big Market Cap Coins next. Usually who Rank on Top 20 in Coin Market Cap
5 Then full blown of AltSeason
What have previous Altseasons and bull runs taught us? Previous bull runs and Altseasons suggest that larger-cap altcoins (starting with Ethereum) pump before smaller-cap altcoins begin moving up. This usually happens after Bitcoin has had a big move up, followed by some sideways movement, causing investors to seek gains in altcoins, thus decreasing Bitcoin dominance and starting the party that is Altseason.