The highly anticipated Altcoin season, during which the huge capital flows from Bitcoin to Alts continue do not manifest, since important tokens such as Ethereum struggle to start a significant manifestation. With the Altcoins high in front of a setback, the possibility of an alternative season is still low.
Altcoin’s season unfolds out of nowhere
The greatest volatility in the general cryptography market has caused uncertainty and disbelief about an Altcoin season that occurs in the current bull cycle. The technical expert and investor Titan of Crypto has shed light In the long -awaited season, highlighting the possibility that one can develop in the short term.
Its prognosis is based on the trends of the historical cycle, particularly After the middle event of half of half. Using last cycle trends, the expert believes that the market is showing early signs of a possible Alts season.
Looking at the table, a Altcoins season It tends to start at least 200 days after the mid -half event as seen in the cycles of 2017 and 2021. Meanwhile, after about 273 days since the last half event, a high season in this cycle seems to be in The horizon. “With the consensus inclined towards the alternative season in this cycle, the story suggests that this could be the perfect configuration for one to develop,” said Titan of Crypto.
While Titan of Crypto anticipates a short -term alternative season, Ali MartÃnez, a technical and chain expert thinks otherwise. In fact, the chain expert Believe That there is unlikely that there is a high season in this cycle, citing Altcoins market capitalization trends over the years.
According to Ali Martinz, alternative market capitalization has decreased in March for 5 of the last 7 years. During these periods, there was no alternative season or it worked badly.
As a result, the expert expects the alternative market cover to witness a decrease in March of this year, which could result in the absence of a Alts season this cycle. “So, if you are 100% convinced that an alternative season is approaching, do not surprise yourself if your dreams are destroyed,” he said.
An ideal moment to accumulate ALT?
Currently, the key metric of the Altcoin season index has increased to its most extreme levels, which suggests an ideal time to accumulate some ALT. The index in the daily time frame shows that the market has returned to Bitcoin Season zone with a period of percentage change of 60. Specifically, this indicates a critical moment for the Altcoins, which is increasing Bitcoin domain.
In addition, the index in the 1 hour framework reveals a strong drop in alternative prices in the short term, which some may consider as an opportunity to accumulate. Investors are advised to be careful as only 30-40% of alternative They are in overall territory in their daily relative force index (RSI). This suggests that many alternatives, particularly those that have increased dramatically lately, could decrease even more.
Although acquiring some ALT can be sensitive, caution must be taken because retail merchants are highly exposed to leverage. Meanwhile, strategies such as smart stop losses and the average cost in dollars (DCA) are valid methods during this period.
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