This is only an idea.
4 years ago at the end of March 2017 was the start of the 2017 bull alt season.
Now we're approaching that time again. How much will history rhyme? I do not know for sure. We need to see the major bottom trendline broken before jumping to conclusions.
People think alts are expensive right now, because technically, alt season started when BTC.D got rejected off of the top trendline, Dec 2020. BTC.D dropped 18% and alts like ADA went up 560% from Dec 2020.
If BTC.D breaks down next month, then alt-coins like ADA still have about 700%-800% (my guess) increase left from current levels. Of course smaller cap alts will move more and larger cap coins will move less.
We have about 6 weekly candle closes until we see if history repeats itself. It might come sooner or later or not at all. We'll see when we get there. GLTA.
4 years ago at the end of March 2017 was the start of the 2017 bull alt season.
Now we're approaching that time again. How much will history rhyme? I do not know for sure. We need to see the major bottom trendline broken before jumping to conclusions.
People think alts are expensive right now, because technically, alt season started when BTC.D got rejected off of the top trendline, Dec 2020. BTC.D dropped 18% and alts like ADA went up 560% from Dec 2020.
If BTC.D breaks down next month, then alt-coins like ADA still have about 700%-800% (my guess) increase left from current levels. Of course smaller cap alts will move more and larger cap coins will move less.
We have about 6 weekly candle closes until we see if history repeats itself. It might come sooner or later or not at all. We'll see when we get there. GLTA.