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Salid
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What is alt season? When it will come?
First let me explain you, what is alt. Anything alternative to Bitcoin is alt coin.
When bitcoin came it was the only player in the market. Then many crypto projects came and gone. Only a few like ETH, TRX, BNB was able to survive. Some Bitcoin forks / copies like LTC, Doge, BCH made a fortune.
Now, new investors like you, always come to this market seeing BTC skyrocketing. However, when they come, it’s either too late, bull run is stopped or BTC is too expensive to buy.
Then they look for alternatives coins. Almost 50% volumes goes from BTC to alt. And alt coin price skyrockets.
If you look at the BTC dominance charts during alt season BTC dominance decreases, while BTC price gradually increases.
There are 3 round of Alt sessions. On 1st round, mostly broke people start entering alt coins as they cannot buy BTC. On 2nd round millionaires and billionaires are enter the market and pull random coins. On 3rd round, all influencers stats shouting alt season has come and everyone start shifting from BTC to alt. In this time big players like me, start selling their shit coins at high rate and sell out almost 80% of their coins and buy again safer coins.
First round of Alt sessions has started already. Second one will start from 1st January 2025. That’s why big players like BLIX Chain also announced their launch on 1st January 2025, so that they can raise as much money they can, then later during bear market, they use this funds to buy back the coins and create a support level to safeguard their and their investors fund.
This is the reason I also select some value driven projects with less volume (to take control over the market with my funds) and focus on creating a support level and buy more and more coin at support level.
Bulls always creates support level and wait for that level to buy more. Bears wait for target level (also called resistance) where they place sell / short order. They both communicate with each other through chart showing up their power (volume).
But let all bears know big bull #SalidIsBack !
First let me explain you, what is alt. Anything alternative to Bitcoin is alt coin.
When bitcoin came it was the only player in the market. Then many crypto projects came and gone. Only a few like ETH, TRX, BNB was able to survive. Some Bitcoin forks / copies like LTC, Doge, BCH made a fortune.
Now, new investors like you, always come to this market seeing BTC skyrocketing. However, when they come, it’s either too late, bull run is stopped or BTC is too expensive to buy.
Then they look for alternatives coins. Almost 50% volumes goes from BTC to alt. And alt coin price skyrockets.
If you look at the BTC dominance charts during alt season BTC dominance decreases, while BTC price gradually increases.
There are 3 round of Alt sessions. On 1st round, mostly broke people start entering alt coins as they cannot buy BTC. On 2nd round millionaires and billionaires are enter the market and pull random coins. On 3rd round, all influencers stats shouting alt season has come and everyone start shifting from BTC to alt. In this time big players like me, start selling their shit coins at high rate and sell out almost 80% of their coins and buy again safer coins.
First round of Alt sessions has started already. Second one will start from 1st January 2025. That’s why big players like BLIX Chain also announced their launch on 1st January 2025, so that they can raise as much money they can, then later during bear market, they use this funds to buy back the coins and create a support level to safeguard their and their investors fund.
This is the reason I also select some value driven projects with less volume (to take control over the market with my funds) and focus on creating a support level and buy more and more coin at support level.
Bulls always creates support level and wait for that level to buy more. Bears wait for target level (also called resistance) where they place sell / short order. They both communicate with each other through chart showing up their power (volume).
But let all bears know big bull #SalidIsBack !
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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