🔍 We are in a #downtrend, everyone knows this, many people think there will be a mini uptrend soon. There are others who think that it will sideways in this range and then collapse suddenly... Of course, each person will have their own way of judging and evaluating based on their own experience and knowledge. . Uptrend or "uptrend" is understood only by sharks and the Market Maker team. However, in this article, I will share a perspective that I find quite interesting about the Altcoin season (or Atlcoin season) of @blockchaincentnhé

🔍 What is Altcoin season index???

For me, a person only invests 100% #Altcoin, and does not have any#BTCin his wallet. I really want the Uptrend season to also be the Altcoin season. And on this website, they have parameters to help you evaluate whether the Crypto market is in Altcoin season or not through an index called "Altcoin season index".

- Here, the author's opinion is: "If 75% of the top 50 coins in the market have grown more than Bitcoin in the past 90 days (except for Stablecoins, wBTC, wETH... etc) then that is considered the Atlcoin season or Atlcoin Season".

And as you can see, the current Atlcoin season index is at a fairly low level of 33 (attached photo). This is absolutely not Atlcoin season

🔍 What should be done with this index?

If this index reaches a threshold of 75 or higher, we can consider planning to sell and take profits if we have made a profit, because this is the time when the market is extremely excited. The top coins are starting to have a huge growth with high profits. If you already have profits, you should create a specific plan for yourself to take profits, or set a positive stop loss.

If this index is signaling that it is not yet Altcoin season (below 75, or as low as possible), we can completely make a plan to research and fundamentally analyze quality projects, good coins, then spread capital and#Holdwaiting for the next#Atlcoinseason to take place.

🔍 If you study this chart more closely, we can see some Altcoin seasons in the past that were from March 2021 to June 2021 or some short times in the period August-September/ 2022...etc. You can research more deeply about the information in this tool for a better understanding.

🔍Of course, these indicators and indexes are compiled when everything in the market has happened, that is, after it has happened, we will know that there is a synthetic index and of course it has certain delay. Should not be considered a prediction for the future. Just a tool to help you gain more perspective to be confident in determining what stage of the market you are currently in, whether you are fomo or bored. Avoid living forever in unreasonable expectations and illusions of the uptrend season. Because nothing can grow forever.

#altcoinseason, #BTC, #uptrend