$SOL This chart tells you when the altcoin season will explode! What trading opportunities are still available for retail investors?
What is the altcoin season? My understanding is very simple:
1. First, break through last year's March price high.
2. Then, break through the historical high of 2021.
3. ETH breaks through 4800
4. SOL breaks through 400
Otherwise, there won't be a real altcoin season.
Capital flows into BTC ➩ BTC's dominance increases ➩ altcoins are drained ➩ altcoins drop
Capital flows out of BTC ➩ BTC's dominance decreases ➩ altcoins accumulate ➩ skyrocket
🤖 This might be an opportunity; how to choose targets?
- As long as the project is still operational, the code repository and social media updates are ongoing, TG, Discord still have administrators, it’s highly likely that institutions have already intervened to control the market.
- Suitable risk-reward, once the timing is right, it can pull you up three to five times in just seven days, and in less than a month can release the build-up of three to four years of fluctuations in one go. The altcoin season can complete the two-year bull market process of Bitcoin in just seven days.
🤖 From an emotional perspective, the sentiment is still bearish.
Currently, every group is in complete silence. The only wish of group members is to break even. Although the price of Bitcoin continues to hit new highs, the assets in the wallets of group members are constantly shrinking.