The eagerly awaited Altcoin season, in which the huge capital of Bitcoin in the direction of Alts still does not manifest how big tokens like Ethereum Fight to initiate an important rally. With top coins that are exposed to retreat, the possibility of an old season remains low.
Altcoin season unfolds out of the blue
An increased volatility on the general crypto market has triggered uncertainty and unbelief over an altcoin season in the current bull cycle. Technical expert and investor Titan from Crypto has Shed light on In the highly expected season, how one could develop at short notice.
His forecast is based in particular on historical cycle trends After the Bitcoin halfing event. With the help of earlier cyclical trends, the expert is of the opinion that the market shows early signs of a potential old Sea season.
View of the table, one Altcoin season Starts at least 200 days after the halving event, as can be seen in the cycles 2017 and 2021. In the meantime, after about 273 days since the last half -ending event, there is an old season in this cycle on the horizon. “With consensus, which approaches in this cycle in the old Sea season, the story indicates that this could be the perfect setup for you to develop,” said Titan of Crypto.
While Titan from Crypto anticipates an old Sea season at short notice, Ali Martinez, a technical and chain -known expert, believes. Indeed the Onkainer expert believes The fact that it is unlikely that there will be an old -seas season in this cycle, citing Altcoins market capitalization trends over the years.
According to Ali Martinz, the Alt market capitalization has decreased in March in March in March. In these times there was either no old Sea season or it was bad.
As a result, the expert expects the old market capitalization to experience a decline in March of this year, which could lead to an absence of one AltSeason of this cycle. “So if you are 100% convinced that an old -season will come, they won’t be shocked when your dreams are broken,” he said.
An ideal time to collect old ones?
The most important Altcoin season has risen to the most extreme levels, which indicates an ideal time for the accumulation of some alts. The index in the daily time frame Show that the market has returned to Bitcoin Season zone with a percentage change time of 60. In particular, this indicates a critical moment for old coins that increases Bitcoins dominance.
In addition, the index shows a strong decline in old prices in the 1-hour time frame, which some can accumulate as an opportunity. It is recommended to be careful because only 30-40% of Altcoins are in an oversold area in their daily relative strength index (RSI). This indicates that many alts, especially those who have increased drastically recently, could continue to decrease.
Although the acquisition of some alts could make sense, caution must be taken because retail dealers are strongly exposed. In the meantime, strategies such as intelligent stop losses and dollar-cost agents (DCA) are valid methods during this period.
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