Read this if you think altcoins are too low!
One of the funniest stories I've ever heard is that this coin is oversold already, it's so low that it must go up soon.
Let me tell you, but only those who have participated in previous seasons will understand this.
Back in August-September 2021, $BTC was roughly around 55k, and altcoins didn't increase much, only a few went up.
At that time, Ry*n and HMT (with permission, I won't write it out to avoid conflicts) published an article discussing the MACD on the weekly and monthly chart of BTC, suggesting that BTC might not have another winter this season because it has reached mass adoption.
You know that MACD is usually analyzed by the number of green and red bars, arguing that when the MA line has turned up, it should be green like the model below, and there's no way it would turn back down.
What was the result? Just 2 weeks later, everything was in the past, and even BTC dropped from 69k to 52k, and no one believed it was a downtrend; everyone thought it was just a correction.
When people finally understood that it was indeed a downtrend, BTC was already at 3x.
As for the altseason index, people should know that the line considered the bottom is moving. Back in April 2024, where I drilled that area, it was actually the bottom.
As it just dipped down there, everyone was shouting about the last train to the altseason, but then the index continued to drop, and that percentage line kept going down as well.
Never think that something cheap will go up in price and that something at the bottom will have no more bottom; just play and follow the rules and keep your expectations reasonable.
One of the funniest stories I've ever heard is that this coin is oversold already, it's so low that it must go up soon.
Let me tell you, but only those who have participated in previous seasons will understand this.
Back in August-September 2021, $BTC was roughly around 55k, and altcoins didn't increase much, only a few went up.
At that time, Ry*n and HMT (with permission, I won't write it out to avoid conflicts) published an article discussing the MACD on the weekly and monthly chart of BTC, suggesting that BTC might not have another winter this season because it has reached mass adoption.
You know that MACD is usually analyzed by the number of green and red bars, arguing that when the MA line has turned up, it should be green like the model below, and there's no way it would turn back down.
What was the result? Just 2 weeks later, everything was in the past, and even BTC dropped from 69k to 52k, and no one believed it was a downtrend; everyone thought it was just a correction.
When people finally understood that it was indeed a downtrend, BTC was already at 3x.
As for the altseason index, people should know that the line considered the bottom is moving. Back in April 2024, where I drilled that area, it was actually the bottom.
As it just dipped down there, everyone was shouting about the last train to the altseason, but then the index continued to drop, and that percentage line kept going down as well.
Never think that something cheap will go up in price and that something at the bottom will have no more bottom; just play and follow the rules and keep your expectations reasonable.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ALPHAUSDT
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