When is the Altcoin Season?
🔸 2017 Cycle: In 2017, the dominance chart rose, then corrected and dropped. After that, a crossover occurred on the moving averages, marking the start of the altcoin season.
🔸 2021 Cycle: Similarly, in 2021, dominance rose, corrected, and dropped. Following the moving average crossover, the altcoin season began.
🔸 2024 Cycle: In the current cycle, dominance rose from the end of last year until March, then corrected in a decline lasting about 8 months. Now, we are on the verge of a moving average crossover, signaling the start of the season.
🔺 Summary: From both Elliott Wave and classical analysis, the dominance chart is on the brink of a strong rebound, potentially marking the awaited season. From a classical perspective, it has reached Fibonacci retracement levels, while wave analysis shows it at the end of a corrective wave. Regarding moving averages, it is about to cross over. While it’s debatable if indicators can be applied to this chart as it is itself an indicator, the key takeaway is that we are very close to the season. This is an excellent time to position yourself and increase your holdings, as altcoins may take off at any moment. Notably, in the previous cycle, the season began shortly before the crossover. In short, be ready and buckle up for any sudden liftoff.
🔹 When to worry? If the last bottom is broken.
Please read this carefully and don’t keep asking, “When does the altcoin season start?”
Good luck with your investments!
