Is it ALT Season soon ? A New Approach
Nearly Everyone looks to BTC.D to judge when ALT season starts, and while it is obviously Not wrong to do so, I have Looked at OTHERS.D for a while. alongside BTC.D
And this is what I find.
But first, a little History lesson. Bitcoin began in 2008 and was obviously The only one.
The First ALT coins were mined in 2011 and included LITECOIN and NAMECOIN.
ETHERIUM was not created until July 2015 - ETH is NOT the original ALT by a long way but it was marketed better.
So, What is OTHERS.D
The symbol "OTHERS.D" refers to the "Crypto Total Market Cap Excluding Top 10 Dominance, %" index. This metric is used to track the performance of the cryptocurrency market, excluding the dominance of the top 10 cryptocurrencies by market capitalization.
Or the Mid to Low Cap ALTS
Previous altcoin seasons have witnessed remarkable surges in various altcoin prices, with some experiencing exponential growth within relatively short periods. Examples of notable altseasons include the bull runs of 2017-2018 and 2020-2021.
To the Chart
https://www.tradingview.com/x/rvn6n8u3/
Vertical bold gashed lines are Bitcoin Halving dates
Vertical Green dashed lines are Bitcoin ATH dates
Green Boxes are ALT seasons that lasted more than a week.
We have had only 2 real ALT seasons previously and, if I am honest, it may remain that way.
Bitcoin has attained Mass adoption now and Corporate ownership.
But Time will tell and the ALT market is still seen as THE money maker.
But Bitcoin Dominance has to drop for ALT season to begin - OR DOES IT ?
YES - But we can also see how the Lower Caps rise, outside of the ETH based ALTS
The REAL ALTS, like LTC Run with this chart
And I wan to show you something I have noticed.
See the Day count from BTC ATH in Jan 2018 to the Low in August 2019 ( A ) of 608 days
From there to the beginning of the next ALT season was 519 days ( B )
From the ATH in Nov 2021 to the Low in Jan 2023 was 577 days ( Aa )
If we project a similar day count for Bb as we had for B, it takes us to --Drum Roll-----
NOW ( this is a monthly chart so we need an allowance of error of at least 15 days either way )
Also note how ALT season begins BEFORE BTC ATH
And with predictions of ATH in March to Dec Next year, this works out well.
BUT I WILL SAY - this is based of only 2 previous occasions and you will also note how much SMALLER the 2nd ALT season was.
As I said at the start, Bitcoin is THE Crypro. It will always be number 1
The Multitude of ALTS entering the market have not changed that.
But BTC.D just took a fall in the last 24 hours, ALTS Are running Hot right now.
ALT SEASON MAY HAVE JUST BEGUN
And this is what I find.
But first, a little History lesson. Bitcoin began in 2008 and was obviously The only one.
The First ALT coins were mined in 2011 and included LITECOIN and NAMECOIN.
ETHERIUM was not created until July 2015 - ETH is NOT the original ALT by a long way but it was marketed better.
So, What is OTHERS.D
The symbol "OTHERS.D" refers to the "Crypto Total Market Cap Excluding Top 10 Dominance, %" index. This metric is used to track the performance of the cryptocurrency market, excluding the dominance of the top 10 cryptocurrencies by market capitalization.
Or the Mid to Low Cap ALTS
Previous altcoin seasons have witnessed remarkable surges in various altcoin prices, with some experiencing exponential growth within relatively short periods. Examples of notable altseasons include the bull runs of 2017-2018 and 2020-2021.
To the Chart
https://www.tradingview.com/x/rvn6n8u3/
Vertical bold gashed lines are Bitcoin Halving dates
Vertical Green dashed lines are Bitcoin ATH dates
Green Boxes are ALT seasons that lasted more than a week.
We have had only 2 real ALT seasons previously and, if I am honest, it may remain that way.
Bitcoin has attained Mass adoption now and Corporate ownership.
But Time will tell and the ALT market is still seen as THE money maker.
But Bitcoin Dominance has to drop for ALT season to begin - OR DOES IT ?
YES - But we can also see how the Lower Caps rise, outside of the ETH based ALTS
The REAL ALTS, like LTC Run with this chart
And I wan to show you something I have noticed.
See the Day count from BTC ATH in Jan 2018 to the Low in August 2019 ( A ) of 608 days
From there to the beginning of the next ALT season was 519 days ( B )
From the ATH in Nov 2021 to the Low in Jan 2023 was 577 days ( Aa )
If we project a similar day count for Bb as we had for B, it takes us to --Drum Roll-----
NOW ( this is a monthly chart so we need an allowance of error of at least 15 days either way )
Also note how ALT season begins BEFORE BTC ATH
And with predictions of ATH in March to Dec Next year, this works out well.
BUT I WILL SAY - this is based of only 2 previous occasions and you will also note how much SMALLER the 2nd ALT season was.
As I said at the start, Bitcoin is THE Crypro. It will always be number 1
The Multitude of ALTS entering the market have not changed that.
But BTC.D just took a fall in the last 24 hours, ALTS Are running Hot right now.
ALT SEASON MAY HAVE JUST BEGUN
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