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Quick Thread on #Altcoins/ #Altseason
Step 1: $BTC has a huge correction. Every range starts with either a pump (or dump) and then follows with a dump (or pump). In this case, #Bitcoin
pumped and is now pulling back. This is fine! https://twitter.com/AltcoinSherpa/status/1345776497068544002
Step 1: $BTC has a huge correction. Every range starts with either a pump (or dump) and then follows with a dump (or pump). In this case, #Bitcoin
pumped and is now pulling back. This is fine! https://twitter.com/AltcoinSherpa/status/1345776497068544002
Step 2: $BTC ranges big once it finds a bottom. This will allow it to reaccumulate for a big summer run in 2021. This is HEALTHY IMO.
Step 3: Once $BTC finds a bottom and starts to grind up again, I expect $ALTS to do very very well in both alt/usd and alt/btc pairs. ALTSZN is almost always characterized by strong alt/btc pairs moving- I've already accumulated most and have done my final buying today and more.
$BTC.D typically has a very nice time during this time of the year. I was off on December prediction bc I thought $BTC was going to pull back by then but oh well! #Altcoins will start their pumping time VERY soon now. https://twitter.com/AltcoinSherpa/status/1343240721424408576
More information on what #Altseason is and $ALTS market cycle: https://twitter.com/AltcoinSherpa/status/1325837549017894914
Lessons on #Altszn and #Altcoins/trading during this time incoming: https://twitter.com/AltcoinSherpa/status/1334156706767572992
IMO the best way to play this for many is to just buy spot and dollar cost average in. This will be a strategy that is easier to manage for most ppl. Once $BTC finds the bottom, expect very heavy buy backs for altcoins IMO.
We're already seeing alt/btc pairs hold up better than alt/usd pairs rn. Again, I don't know where the bottom is at and it could be another leg down. That said, this is still fine in the grand scheme of things and once btc does find the bottom, I expect alts to rebound quickly.
