When Alts Season!?

When Alts Season!?

Bitcoin is getting more volatile. $1000 swings in both directions are getting very normal. Alts don’t do well when BTC is volatile so will alts season ever come? Historically alts season lasts about 6 months. We have 6 months good followed by 6 months bad. Most recently we have had 12 months of solid altcoin upside from Sept 2019 to Sept 2020. Now we’ve been pulling back for 3 months. We can still have swings, but our macro indicators show that we have entered a red zone on all micro caps. Exiting the red zone is where we expect alts season to begin. Most of these red zones have lasted 1-2 months so since we have only been in the red zone for 1 week, we should hold off on any major buys until the market becomes more friendly. Just enjoy bitcoin’s moves for now! Best of luck in your trading!

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