The picture below shows a map of the market for the week.
As you can see most of$WLD market is colored green, while the red colors represent coins that are, for the most part, still heavily overbought$SOL
Now that Bitcoin is trading sideways is an excellent time for the growth of not very overbought alts.
❗️ Let’s remember the principle of the bull market: first Bitcoin grows -> growth of Ethereum and coins from the top 10 -> growth of alts
Now look at picture 2 below, it shows the altseason indicator already known to you.
This indicator is lagging and you need to buy alts when this indicator is below 50-65.
But just when the indicator shows the altseason, you need to sell.
We have already talked about this in one of the previous posts.
🔍 And finally we move on to the most important schedule (see picture 3).
This is a graph of the dominance of alts not included in the TOP 10, which you have known for a long time.
The dominance of alts is at the lower border of the medium-term ascending channel, with long-term moving averages below.
This means that alts still have room to grow.
👆 All of the above indicates the start of the altseason, and many coins are already decent in the industry.
We have been actively accumulating alts in our portfolio over the past month and a half. And all these alts are already bringing in decent profits.
Some ideas were posted publicly here, for example$ALICE
But the main growth of alts has just begun, so our positions will multiply and we will continue to open new positions.
A very good trading idea with the potential for several X's will come out today.
Of course, as always, only those who know how to wait and do not want immediate profits will earn the most.
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