Is anyone mistaken about an altcoin season?
I went around square and saw saints commenting on which altcoin season is a sign (btc side, d.usdt down, total up, d.btc down), I suddenly felt like there are still so many chickens who don't know anything and comment like it's real, knowing a little bit just think I'm good.
You can't find what I wrote below because this is my experience and research after being beaten down by the market many times from 2016 until now.
First: I would like to say that the above signs only happen when the altcoin season is happening, when you see those signs clearly and jump in, you'll just be in a pot of boiling water for them to pluck feathers and put on a plate.
Second: Btc is the face of the market, the fluctuations of btc will affect the whole, btc must increase but may not increase as strongly as in the first stage, history shows that altcoin season does not occur at the end of the period when btc increases and then goes sideways, but during the period when btc is increasing but is no longer strong (if anyone wants to hear an explanation, please comment and let me know).
Third. Money flow will flow from high to low, but that does not mean that every coin receives money flow, so you have to look at the trading volume of btc and altcoin to know where the money flows, and how I will explain in another post.
Fourth. The altcoin season will not last long because if btc fluctuates, the market's emotions will follow it, so altcoins can easily go up and down quickly despite signs of good market health, so it is necessary to have a suitable trading strategy (risk management, capital preservation, profit optimization).
If you think you're still young, just ask, there's nothing to be shy about.