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Altcoin Season (ALT SS) Is that what all of you coin investments expect it to happen? So what is that term? Signs recognize like? Let’s find out with the BTA.
Before going into the article, honestly, it has been a long time since En Vai has not written the article on the website, so if you have any mistakes, please comment for me to edit to improve the content.
First, let’s check back on the big and small Altcoin Season purchases in the past.
For those of you who already know, do not say, for those who do not know, please re-read the knowledge articles on CHK, especially about Bitcoin Dominance (BTC.D) Please.
BTC.D: 57.8 – 61.8%
BTC.D: 67 -> 59%
TOTAL2: 125B – 244B
December 25, 2017
BTC.D: 48 -> 42%
TOTAL2: 232B – 339B
(The very next week, TOTAL2 peaked at 475B and btc.d decreased to 49%)
(after that, although btc.d continued to fall, btc and altcoin both SML)
November 26, 2018
December 24, 2018
In 2018 btc.d decreased and sw, altcoin created the deepest bottom and started to recover after nearly 2 years of downtrend.
November 25, 2019
December 10, 2019
December 23, 2019
December 25, 2020
(You should practice reviewing history, you will remember a lot of knowledge to get an overview, so admin leave a question mark for you to see for yourself, then check the above data to see if there is any. exactly?
SIGNAL ALT SEASON
Depending on each person’s experience, there will be a different view of the ALT SS. As for Hen Vai, can be divided into small, medium and large ALT SS seasons.
ALT SS YES is like the uptrend of 7-8 / 2020 (DOM REDUCTION 10%)
SMALL SS SS it is like a few days’ up and then off (DOM REDUCED%)
ALT SS BIG is the same as in December 2017 (DOM DECREASE STRONGER 20-30%)
Ok, let’s go into the historical definition of ALT SS from 2017. That is when the coin reaches 20k, then the SML decreases, the capital flows from BTC to ETH and the rest of the altcoins, causing the coins to jump to the moon. Others x10, others x20, others x100, 200….
And from that, AD summarizes the necessary and sufficient conditions ALT SS BIG, that is:
BTC must rise very strongly to a large enough price threshold (maybe 34k like this time or higher)
After BTC stops gaining, it will SML about 1/2 or 2/3 of the beard price, then increase or decrease in amplitude.
After he calms down, it will slowly rise again, then the sts of coin (ALT / BTC pair) will increase sharply, competing to jump suddenly.
That is the process of increasing the price of ALT SS 2017. If compared with the current time, it is not a big Uptrend, just a mini alt season (medium or small).
Up to the time the ad is writing this article (01/27/2021), we have seen the DOM decrease by about 8-9%, In another plan, ad wrote in the CLOSE FRIENDs group, specifically as follows:
I don’t know which case it will go. In that case, the ad prioritizes it to go with option 1, and if so, for those who have long-term holders, just hug, if you are afraid, it will out 50%, and 50% gong. And for those who are holding USDT, wait for dom’s reaction to 66-68% and then watch your favorite alt group.
ONE IMPORTANT NOTE TO Brothers
Some of my friends often ask admin, can I use this child or not, And also honestly, AD DOESN’T KNOW HOW TO RESPOND?
In the short term, according to ad’s viewpoint, 80% of guys here trade in short term, and if the ad gives the long term vision, it will not be appropriate, sometimes a few dozen% reduction, it will blame the ad for the wrong contract.
Short-term odds are sometimes difficult to analyze, and they follow the PUMP & DUMP rule, driven by a team of fish. So most of you get caught up in the game and it’s easy to SML.
If you look in the long term, a good product launches a good token, more or less at least x2. And because of that, the new ad is good for a longer term bet, simply because it’s easy to play. It was only difficult when I opened the phone every day to see the price, SML was selling at a cut loss, then 3-6 months later unfortunately swallowed when it was xxx.
Can anyone ask me if LINK can do it, admin said it okay, he sometimes goes up to 100 $, since 1 $ – 5 $ -10 $ ad also said that, but the position of 20 $ when entering a short-term trader is very RISK because you will not be able to wait for a complete ending by the market trap. (You also refer to other coins too)
You are HODLer or TRADERs? (please specify), if it is TRADE, it is short or medium, long term? If it is Holder, how much is the key to the target? Must be clarified first to get good results.
Want to join the BTA – Close Friends group?
BTA CLOSE FRIENDS is 1 Private community of BlogTienAo (BTA) due Hon Vai created, in order to create a small-scale community of brothers who share the same thinking, thinking, helping each other together according to the goal is for the community.
So admin also hope all of you when there are Whatever your experience, no matter the smallest, let’s share it in a community spirit Please.
From small tips, deals from signal buying, to personal capital management, why do that? Sometimes sharing is also a way to correct if the experience has a little bit of error (thanks to others’ suggestions).
And you want to join the group? It is free, as long as you have more than $ 5000 in your trading account, have to interact, have something to share, even questions and answers. If eligible, please contact the telegram of mod Dat (@datpq) and mod Minh (@pMinh_BTA)
Main activity group above TelegramIf you do not know how to use telegram, you must learn how to use it.
On behalf of team BTA – Hen Vai
#Altcoin #Season #alt #Important #signs