Hello Looks like we are going to have a good altseason
We need bitcoin dominance fall a bit more It's better that Bitcoin sideway in a solid channel, (50/60k) would be healthy for alts to pump and gains against BTC pairs
First of all, BTC.D needs to go up more and have a big dump not like this. BTCD is still quite low. I am talking about a strong Alt season not a short term Alt season and just for a small number of Alts. For this purpose, BTCD need to reach at least 60 and then have a good dump. That would be a real Alt season. Again BTCD is still low and it’s pattern is like May 2018. Check BTCD in Apr 2018 and see what happened at that time.
We need to know what really Alt season means.
I think generally BTCD still needs to go up and hit 60 and it means we don’t have a real strong Alt season for a while.
BizzarTrading
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@Ehsan_1982 not really, its enough dominance goes a bit lower! Take a look to the marketcap, 2018 is far away don't remain in the past as other bears. Probably 60% dominance will be not see anymore. Altseason is here don't miss it 👍 Goodluck
Ehsan_1307
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@BizzarTrading, I disagree. There is a saying that if you want to see the future then look at the past. Even if the past doesn’t happen, BTCD is quite low. I agree we could have a short term Alt season but not a powerful one. A REAL Alt season started from January to May 2021. BTCD was at 70 and it dropped to 40. That was a real strong Alt season. Now it is at 45 and doesn’t go lower than 40 I believe.
Anyway I respect your opinion. Good luck and let’s see what will happen.
BizzarTrading
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@Ehsan_1982 it's always good looking at the past, but this time we got other factors to examinate. The cycle remain a cycle (from disbelief to euphoria and repeat), but it doesn't means we will always have the same narrative. Altseason is when alts over performance BTC in the trading pairs...it's already started
Ehsan_1307
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@BizzarTrading, what a Altseason. As I said it’s not time for Alts to outperform. It’s not neither BTC season nor Alt season it is BEAR season but I believe BTCD will go up in the crash coming and Alts will be extremely crashed.