The 14-month consolidation period has ended; it was truly an endless period of price action, but nothing lasts forever!
ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend.
According to my Elliott Wave analysis, we are now in the 3rd wave and this could be huge!
Bitcoin Lightning network is still not supported by major exchanges because it is not in their business plan, and this is definitely a positive sign for altcoins.
What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump.
Look at my ideas about interesting altcoins in the related section down below.
An alt season in the middle of a bear season, while BTC.D is only at 41%.
I truly hope the above does not play out, because the days of 100x-1000x returns on alts are long gone if liquidity is going to remain spread so thinly throughout the market. The concentration of liquidity into BTC and Stables (reaching above 70-80%+) is what catalyzed alt markets in the past. Going from 40% to 30% in the middle of a bear season will have nowhere near the same impact as 70-80% to 40% in a bull run. It'd likely just wreck people expecting to see more than a 2-3x from any token, and going in way too hard.
Tolberti
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@EoghanH, I agree. The days of 100x-1000x returns on alts are long gone. Because the BTC dominance was 100%, there is no chance to reach 100% again. It was like a one-time event.
manschadow
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@Tolberti, I think you have been napping in the last 2 bull runs. In the last 2 bull runs many altcoins did 100x-500x. Of course in the last bull run that was just 10% of the alts that performed like 100x-500x. That's not strange considering that in the bull run of 2017-2018 there was only 1000-2000 alts and in the last bull run there was around 20.000 alts. Every human with brains will not pick something in rank 1000 and lower.
Tolberti
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@manschadow, I remember 2017. It was the time when everything went exponentialy, even scam coins. It was completely different from the 2020–2021 bull market.
manschadow
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@Tolberti, Yes, but you cannot say that it was not possible to make easy 100x in the bull run 2020-2021. It was more than easily possible. Whoever believes that those scam coins or low ranked coins (totally useless) will hit 2000x is just stupid and is taking a gamble. If you want assurance of 100x in every bull run, you have to choose wise and there are plenty of projects that will hit 100x and more in each bull run.