#ALTSEASON CHEAT Sheet 2024! When to ENTER ALTS???Hello everyone, welcome to the article!
I'm Cryptorphic, and since 2018, I've been accurately predicting BTC Bottoms and Altseasons. I'm eager to see if we can do it again this time! Those who've been with me for a while know this isn't about boasting, but rather about getting your attention on the right track.
By the time you finish reading this article, you'll have a good idea of how and when you can enter Altcoins!
If you want to see my track record, check out my past dominance charts from 2018 onwards!
Altcoins are currently trading 50% to 70% down from their recent highs in February and March. Is it the right time to enter altcoins, or should we wait? All your questions will be answered here!
BTC dominance is currently facing rejection on the weekly chart around the 57% resistance, now trading at around 54.20%. Even though this rejection is visible in the chart, altcoins aren't moving much. Historically, May has been bearish, so the next few weeks will be important for altcoins.
When to Enter Altcoins:
This is probably the right time to start scaling in with small fractions. You won't be able to enter every altcoin you like exactly at the bottom, so we DCA! I've already made a list of 15 altcoin gems which I will post soon, so follow me if you don't already! And make sure we are connected on other platforms too.
Best Time to Enter Altcoins:
Technically, May is Bearish for the whole crypto market. And it brings opportunities!
If BTC dominance somehow pumps and touches the 60% level, we will see the final dip in altcoins.This will provide us with the best entry possible in altcoins, where we will enter hard. I am patiently waiting for that to happen.
I am expecting this to happen in the next 2 to 4 weeks.
This means May and the beginning of June will be the time to accumulate Altcoins!
Keep in mind that most of the time traders make money is when most of the people aren't really interested in the asset, which applies to altcoins in the current scenario.
Conclusion:-
Dominance is expected to touch a high point of 60%+, signalling potential opportunities in many altcoins. Our goal is to accumulate the best altcoins that haven't seen significant pumps yet, backed by reputable VCs, and featuring solid tokenomics and on-chain metrics. It's also essential to evaluate multiple factors like the team, token unlocks, inflationary and deflationary aspects, and more.
If you're unsure about how to navigate this, just follow me for future updates!
Always do your own research, This is not Financial Advice!
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Thank you.
#PEACE
