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Altcoin Opportunities

How to predict altcoins’ season

Updated: Aug 31, 2024
Published: Nov 22, 2023
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So, guys, we want to show you something super helpful to add to your trading toolkit - using total altcoin market cap and BTC dominance to better predict altcoin market cycles. 📈

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Here are the key things we're seeing:

💡When Bitcoin dominance drops as total altcoin market cap rises - 💸 liquidity likely moving from BTC into alts.

💡Total altcoin market cap bouncing off key $621B support aligns with bounce on altcoins like Astar. 🚀

💡 BTC dominance potentially dropping to retest 52% support as money pours into the alt space. 🌀

💡 We can use these market cap guideposts to plan entries, take profits, etc. 💰

So, by putting all the indicators together, we may be able to better predict when the alt season kicks into high gear! 🔥

Of course, it's not foolproof, but gives us greater context on market conditions. 

😉 Pretty cool extra toolkit for trading or investing in altcoins. Let us know if you have any questions!

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