Altcoin Cycles: What the Vets know and the New Don'tA generalized review of Altcoin price action against the halving. (Generalized meaning there are always exceptions)
There are 3 main categories of altcoins during the year before the halving
- Category 1 = Steady rise in Dollar and BTC value (rare) .05%
- Category 2 = Fall against Dollar and BTC (less rare) 19.5%
- Category 3 = Sideways in price with sparks of short-lived bullishness (80%)
Everyone chases the mysterious category 1 coin. Trading in and out of the hot topic, but most end up in some combination of 2 and 3.
Veterans are packing high quality/high conviction bags understanding that time is on our side. New cryptos folks chase and expect sustained altcoin seasons around every corner.
Doge and FTM are uses simply because they are touted as being some of the best performing coins in 2021 bull cycle. I could have used this for many many charts. notice the "generally" sideways movement before the halving and then the explosion after.
The real value in looking at the charts is that we realize price action during this next year is generally sideways and unpredictable for Alts. BTC valuations may trend down or sideways.
Instead of chasing every new meme, a steady long term approach to building a portfolio of high quality/ high conviction allocations may be rewarded after the 2024 halving.
not financial advice .. just the opinion of a snarky puppy. happy trades
