Could there there be NO real ALT season this cycle ? Why ?
Not many people Will like this idea, including me but as someone who will ALWAYS try and look to Both sides of possibilities that exist , technical and Macro, I am beginnign to think that the ALT seasons we have seen previously may become History.
And in fact, some evidence of that already exists in the Way Some ALTS ran Hot right from the start, like INJ
BUT, I hear some of you say, You ..YOU posted a chart, OTHERS.D chart that suggests ALT season may have begun...
I refer you to yhr beginning of this post.
It is ALWAYS best to see Both sides.
And so..Why could an Alt season not really happen this time.?
Let see Why an ALT season is definded by.
If we look back over previous Cycles, ALT Seasons have begun just under a year from the Halving. At thsi poinrt, the BTC Dominacne seems to Fall and yet the BTC PA continues to Rise, to a New ATH
The Crux is the BTC DOMINANCE needs to fall.
https://www.tradingview.com/x/fNhyJY0x/
The chart above is the BTC.D chart that could point towards an ALT Season beginning. See how PA here falls, ATH are created and ALTS run fast
~BUT in NONE of these previsou seasons have we had the Corporate uptake of Bitcoin and the use of Bitcoin in Trusts and ETF trading
My question being, " Why will BTC.D Drop" if so many are Buying thr coins ?
A decrease in BTC. D suggests that capital is rotating out of Bitcoin and into altcoins. This is where altseason potential lies. Strong altcoins with solid fundamentals and clear narratives often lead this phase with explosive gains.
BUT Why would the Corporations Sell the BTC coins to invest in to a more volatile substitute and possibly have to rebuy the BTC at a higher price ?
Just look how structured that Rise in BTC.D looks..NEVER happened before. And while it has just dropped off its line of support, it has landed on another Strong line.
We need to pay very VERY Close attention this this right now.
This is Not saying ALTS will not run but maybe, Not as explosively as once or twice before.
Or maybe they will
Att he end of the day, GREED can do increadable things to people.
Trade safe and have a good one..and lets see how the next 12 months unfold
And in fact, some evidence of that already exists in the Way Some ALTS ran Hot right from the start, like INJ
BUT, I hear some of you say, You ..YOU posted a chart, OTHERS.D chart that suggests ALT season may have begun...
I refer you to yhr beginning of this post.
It is ALWAYS best to see Both sides.
And so..Why could an Alt season not really happen this time.?
Let see Why an ALT season is definded by.
If we look back over previous Cycles, ALT Seasons have begun just under a year from the Halving. At thsi poinrt, the BTC Dominacne seems to Fall and yet the BTC PA continues to Rise, to a New ATH
The Crux is the BTC DOMINANCE needs to fall.
https://www.tradingview.com/x/fNhyJY0x/
The chart above is the BTC.D chart that could point towards an ALT Season beginning. See how PA here falls, ATH are created and ALTS run fast
~BUT in NONE of these previsou seasons have we had the Corporate uptake of Bitcoin and the use of Bitcoin in Trusts and ETF trading
My question being, " Why will BTC.D Drop" if so many are Buying thr coins ?
A decrease in BTC. D suggests that capital is rotating out of Bitcoin and into altcoins. This is where altseason potential lies. Strong altcoins with solid fundamentals and clear narratives often lead this phase with explosive gains.
BUT Why would the Corporations Sell the BTC coins to invest in to a more volatile substitute and possibly have to rebuy the BTC at a higher price ?
Just look how structured that Rise in BTC.D looks..NEVER happened before. And while it has just dropped off its line of support, it has landed on another Strong line.
We need to pay very VERY Close attention this this right now.
This is Not saying ALTS will not run but maybe, Not as explosively as once or twice before.
Or maybe they will
Att he end of the day, GREED can do increadable things to people.
Trade safe and have a good one..and lets see how the next 12 months unfold
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