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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!

Get started for free

Create your free account or log in to read the full article.

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