What is an Altseason?👀👀👀👇👇👇👇
An altseason, or "altcoin season," is a period when altcoins surge and outperform Bitcoin. It's a crucial concept in the crypto world.
Characteristics of an Altseason
- Altcoins surge and significantly outperform Bitcoin
- Occurs when Bitcoin's price is stable and volatility is low
- Investors shift focus to altcoins, driving up market capitalization
- Almost all altcoins see increased value
How to Spot an Altseason
- Monitor Bitcoin Dominance (BTC.D) on TradingView
- A declining BTC.D indicates a favorable period for altcoins
- Altseasons typically last around three weeks and occur multiple times during a bull market
Capitalizing on an Altseason
- Position yourself in promising altcoins before the altseason
- Predict shifts using Bitcoin Dominance
- Stay informed and adapt to market changes
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