Let's talk about when alt season start. Below is chart of BTC and other coin market cap. I want to share my simple analysis.
The chart above is Bitcoin market cap vs other coin market cap combined. This is based on the 4 years crypto miner cycle. We can see there are several pattern we can observe.
Orange Line : BTC market cap.
Blue Line : Alt coins market cap excluding BTC.
White Line : Total market cap.
BTC Peak
We can observe from the chart that when altcoins market cap start to convergence with BTC market cap signaling we are close to BTC true ATH. Compared to now we are still far from that.
Alt Season
We can observe that alt season start when BTC got massive correction from its peak ATH like 10% to 30% and alt season only last 20 to 21 days before heading into bear market.
Alt Peak
Alt peak is the final phase in a bull market before the bubble burst. Usually happen 20 to 21 days after alt season early sign.
In conclusion. As long as BTC dominance stay above 50% we are far from alt season. So what are the absolute peak for BTC then? well I'll make another article for that. Stay safe and healthy cheers bye.
Giveaway,
Red pocket code: I0K63TV2
Best of luck, don't forget to like.
$BTC #Altseason
