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$BTC rallied a lot the last days and made a new ATH. But still there a lot of people who are not happy with it because they are all in altcoins which underperformed BTC. For those guys, I can say that a huge altseason is imminent.
Why is that?
Some small thread below.
Why is that?
Some small thread below.
First of all, for a huge altseason there has to be new people and new money. The last altseason was only us selling eachother old shitcoins and going from major binance altcoins to new DeFi coins.
This was not a huge altseaon. A huge altseaon is, if you buy any shitcoin and it still goes up no matter what, because there are hundred of new people who are buying after you. And you can only get such a huge altseason after BTC breaks ATH!
Because after BTC broke ATH, it is more and more in the mainstream media and by that people start to looking for the new BTC to get rich.
But it takes some time.
But it takes some time.
If history repeats itself, we should see the start of an altseaon between now and the end of February 2021.
In 2016, BTC broke the weekly ATH (Blue arrow), made a big correction and then went for a new ATH. And after this new ATH (black arrow), the altseason started.
In 2016, BTC broke the weekly ATH (Blue arrow), made a big correction and then went for a new ATH. And after this new ATH (black arrow), the altseason started.
So dont get shaken out if BTC corrects in the next weeks and altcoins are going to bleed even more. It should be the last big correction for altcoins. But of course, only if the cycle repeats similar.
But why there is a huge probability that the cycle repeats quite similar, shows the following picture from @EtherSchtroumpf. Big credits to him for the nice analysis.
As you can see, the BMP now is very similar to four years ago at the same time. And we all know, what came after.
As you can see, the BMP now is very similar to four years ago at the same time. And we all know, what came after.
So to sum up, you can see a lot of indicators are showing that there should be a huge altseason quite soon. It could take some weeks, but what should follow after that should be rewarding. So dont lose all your money right know in scams and wait for a huge altseason.
Be patient.
Be patient.
