So if we look at the historical Altcoin total marketcap minus BTC marketcap, we can see that we are still below the ATH of late 2017/early 2018.
We can also see a nice cup pattern in both cases, and once it goes over the old ATH, it starts accelerating. Therefore, the current rise cannot even yet be classified as Altcoin season.
Looking at the current cup structure, it should start very soon though, in the next weeks to maximum 2 months. I would be really surprised if not. Only if we surpass the old ATH of total altcoin marketcap, will we see the really insane pumps beginning, because until now, these were really just small pumps. Brace yourselves :)
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Now we're talking, the altcoins are now slowly starting to rise. But the top is still months away. I expect it around 3-4 weeks after the bitcoin top.
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The altcoin season is now gearing up for more and more impressive gains!
We will see if we'll have two alt-seasons like in 2017, or only one, but this will depend a lot on the length of this bull cycle, thus on when bitcoin will do the top.
For now, I think that the alts will just continue to climb, until about when BTC makes the top, until about 3-4 weeks after that event. Only then will this altcoin bull cycle be over.
One thing i also noticed was that despite us being lower than ATH currently vs 2017, the volume differences are massive. The volume now is exponentially higher and you know what they say, volume precedes price! Good days ahead
@FlaviusTodorius67, Thank you for the information...any hints on bitcoin?
averkie_skila
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"Therefore, the current rise cannot even yet be classified as Altcoin season." - absolutely right. So far, it's some kind of misunderstanding.
SebastianofMoon
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@averkieskila, Hehe, yes. I keep reading articles that altcoin season has started, so some people really haven't witnessed what a real altcoin bullmarket looks like. There, x10 or even x100 occur on a regular basis.
What we had until now is a joke.
averkie_skila
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@FlaviusTodorius67, I remember 2017 very well, so I know what to look out for. So far, prices move sounds like the droning sound of a lone trumpet in a theater foyer. It's not a big concert yet.
SebastianofMoon
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@averkieskila, Well said, yes indeed :) The concert is now slowly starting.
alpdemalp
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I can improve my charts because of you. thanks again.