#AltcoinSeasonLoading The Altcoin season seems to be on the horizon, with chart patterns suggesting a potential massive breakout. Here's what is happening:
- *Marketplace Setup*: the total market capitalization of cryptocurrencies is showing a familiar pattern, similar to 2020, which marked the beginning of an altcoin supercycle. A breakout from a multi-month downtrend and a new test of the previous resistance zone could trigger an explosive rally.
- *Key Indicators*:
- *ETH/BTC Ratio*: a bounce could signal the strength of altcoins.
- *Level 1 and Level 2 Tokens*: historically lead at the start of altcoin rallies.
- *Volume Confirmation*: watch for volume spikes near support zones.
- *Strategy*:
- Building positions in fundamentally strong altcoins.
- Staggered entries during the consolidation phase.
- Risk management is crucial, with more significant confirmations of hypotheses.
Some analysts believe we are witnessing the early signs of a major altcoin breakout, similar to 2020. If this structure holds, altcoins could provide massive returns. Keep an eye on ¹:
- *Bitcoin's Strength*: above 93 thousand dollars, with the market cap retest zone near 2.8-3.0 trillion dollars, which is a key level to watch.
- *Altcoin Performance*: historically, after Bitcoin leads the charge, capital tends to rotate into high-risk altcoins.