I’ve been analyzing a couple of key charts that have historically indicated altcoin seasons, market tops, and the ends of bull markets. While I’m not an expert and fully acknowledge the many factors influencing price action and market cycles, my goal here is to simplify things for everyone.
I’m focusing on BTC dominance and the BTC and ETH charts, as these have historically provided strong signals. For instance, ETH has previously reached its all-time highs when BTC dominance was around 40%. Currently, BTC dominance is sitting at 55% and trending down. Based on this, I anticipate a surge in ETH and other altcoins in the coming months as BTC dominance approaches that 40% mark.
My personal strategy is to consider taking profits and exiting the market when BTC dominance hits the 40-45% range. While this approach is rooted in historical patterns, I understand that the market is unpredictable, and no one truly knows what will happen next.
I believe we sometimes overcomplicate things when a simpler, historical perspective can work well. Using this strategy, I aim to make decisions that feel logical to me. Would love to hear your thoughts and any insights you might have!
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