{"id":456799,"date":"2022-06-02T21:15:00","date_gmt":"2022-06-02T18:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-key-indicators-traders-use-to-determine-when-altcoin-season-begins\/"},"modified":"2022-06-02T21:15:00","modified_gmt":"2022-06-02T18:15:00","slug":"3-key-indicators-traders-use-to-determine-when-altcoin-season-begins","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-key-indicators-traders-use-to-determine-when-altcoin-season-begins\/","title":{"rendered":"# 3 key indicators traders use to determine when altcoin season begins"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a350364a11f5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a350364a11f5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-key-indicators-traders-use-to-determine-when-altcoin-season-begins\/#%E2%80%9D_3_key_indicators_traders_use_to_determine_when_altcoin_season_begins_%E2%80%9C\" >&#8221; 3 key indicators traders use to determine when altcoin season begins &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-key-indicators-traders-use-to-determine-when-altcoin-season-begins\/#ETHBTC_price_action_could_be_an_early_indicator\" >ETH\/BTC price action could be an early indicator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-key-indicators-traders-use-to-determine-when-altcoin-season-begins\/#A_2017_fractal_suggests_an_altseason_is_imminent\" >A 2017 fractal suggests an altseason is imminent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/3-key-indicators-traders-use-to-determine-when-altcoin-season-begins\/#The_market_is_firmly_in_%E2%80%9CBitcoin_Season%E2%80%9D\" >The market is firmly in &#8220;Bitcoin Season&#8221;<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_3_key_indicators_traders_use_to_determine_when_altcoin_season_begins_%E2%80%9C\"><\/span>&#8221; 3 key indicators traders use to determine when altcoin season begins &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>It&#8217;s widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins.\u00a0<\/p>\n<p>When BTC price is down, altcoins tend to follow, but as a bottoming process begins, altcoins tend to perk up during Bitcoin&#8217;s consolidation phases and this typically leads to a call for an altcoin season. While Bitcoin&#8217;s current dip below $30,000 shows that it&#8217;s a bit premature to call for an altseason, analysts are still charting a variety of different outcomes that point to an altcoin season. Let&#8217;s have a look.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETHBTC_price_action_could_be_an_early_indicator\"><\/span>ETH\/BTC price action could be an early indicator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Insight into the possibility of an altcoin season using the ETH\/BTC chart as an indicator was discussed by analyst and pseudonymous <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user PlanDeFi, who posted the following chart comparing the 2016 to 2017 performance of ETH\/BTC against the pair&#8217;s performance in 2021\u20132022. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/6a6ec271-071e-4f80-b92c-213598891569.jpg\"><figcaption style=\"text-align: center;\"><em>ETH\/BTC in 2016\/2017 vs. ETH\/BTC in 2021\/2022. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>PlanDeFi said, <\/p>\n<blockquote><p>\u201cLooks damn similar, right? Accumulation&gt;Breakout&gt;Ascending Channel&gt;Breakout. The market is bigger now \u2014 it just takes longer.\u201d<\/p><\/blockquote>\n<p>Based on the projection provided, the next altseason could kick off sometime after the start of July and it has the potential to extend through the end of 2022. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_2017_fractal_suggests_an_altseason_is_imminent\"><\/span>A 2017 fractal suggests an altseason is imminent<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Further evidence that the market may be <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaching an inflection point was provided by El_Crypto_Prof, who posted the following chart looking at the history of the altcoin market capitalization.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/dcc6dafe-cdf8-4cb8-8d03-d5495f5460f8.jpg\"><figcaption style=\"text-align: center;\"><em>Altcoin market cap. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>El_Crypto_Prof said, <\/p>\n<blockquote><p>\u201cWhen it comes to altcoins, I can see the following scenario playing out. There are just too many similarities with the previous cycle. RSI also looks incredible. The next wave up will leave many behind.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Fed money printer goes into reverse: What does it mean for crypto?<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_market_is_firmly_in_%E2%80%9CBitcoin_Season%E2%80%9D\"><\/span>The market is firmly in &#8220;Bitcoin Season&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While fractals are pleasing to the eye and give hope to disillusioned traders, most fail to materialize and they are not accurate analysis methods to rely on when trading.<\/p>\n<p>The Altseason Indicator provides a more metrics-based method for predicting when the market is in &#8220;Bitcoin season&#8221; and &#8220;altcoin season.&#8221;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/f2fe5e62-8bc8-408a-8122-90d704691a40.jpg\"><figcaption style=\"text-align: center;\"><em>Altseason indicator. Source: Blockchain Center<\/em><\/figcaption><\/figure>\n<p>According to the chart above, it does not appear as though an altseason is likely to happen anytime soon because the metric is currently providing a readout of 24, while the level needed to signify an altseason is 75.<\/p>\n<p>Based on the past performance of the index, it has taken a minimum of two to three months for it to climb from the area indicating that it is Bitcoin season to the altcoin season level. Current projections, according the the indicator, suggest that an altcoin season might not start until August or September 2022.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-key-indicators-traders-use-to-determine-when-altcoin-season-begins\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; 3 key indicators traders use to determine when altcoin season begins &#8220; It&#8217;s widely accepted that the fate of the cryptocurrency market depends largely on the performance of Bitcoin (BTC), which makes times like these for crypto traders who prefer to invest in altcoins.\u00a0 When BTC price is down, altcoins tend to follow, but&#8230;<\/p>\n","protected":false},"author":1,"featured_media":456800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYmU3MmZhNzUtZTcyZC00YmNhLTg5ZTctZTQ4YjU4YTc0MGJkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74862,74937,74863,74891,73785],"class_list":["post-456799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-ethereum","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=456799"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/456800"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=456799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=456799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=456799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}