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Crypto Analysts Share Tips On How To Maximize Profit During The Upcoming Altcoin Season



Now that Bitcoin has started to cool off its bullish rally from the annual bear market lows, as the price of the leading cryptocurrency stabilizes and consolidates, the pause presents an opportunity for altcoins such as Ethereum and Ripple to recover lost ground Bitcoin is the ratio of each trading pair.

As most altcoins have reached a historic average drawdown, all signs are pointing to an altcoin season on the horizon as profit from Bitcoin is taken and invested in other cryptocurrencies for additional returns. Those who lived through the past altcoin and Bitcoin bear cycles are sharing their past learning with the crypto community, offering tips on how to maximize profits during the next alt season.

Bitcoin Analyst: How to Spot a Alt-Season Before It Begins

Following the Bitcoin's highly-publicized, media-fueled frenzy at the tail end of the 201

7 crypto market bull run, the entire crypto market and all of its individual cryptocurrencies feel in value ranging from 85% to 99.9% in losses. [19659005] Related Reading | Altcoin Trader: Alt Bitcoin Bear Cycle Almost Over, 600% Gains During the Bull Cycle Expected

As these cryptocurrencies have found their bottom in terms of USD, a short lived alt season was materialized in early 2019 that saw many altcoins doubling in USD value. Most altcoins had outperformed Bitcoin, especially Litecoin, which seemed to lead the crypto rally ahead of its halving.

However, after Bitcoin breaking above $ 4,200, altcoins began an inverse correlation with Bitcoin, instead of falling in value relative to the BTC while Bitcoin soared, only further growing Bitcoin dominance.

A break in Bitcoin dominance is the 4th signal in a cryptocurrency analyst checklist for the conditions to create an alt season. This step happens after Bitcoin rallies, and money begins to flow into large cap altcoins like Ethereum and Ripple respectively – the number two and three cryptos respectively.

After Ethereum breaks above the 200 EMA, which has happened in recent days, that fall in Bitcoin dominance should begin. This is when money starts to flow from big caps to mid-and low-cap altcoins.

Knowing this order of events and the flow of capital from Bitcoin into large caps, then into mid- and low-caps, can be added to any trading strategy to maximize profits

Remember that Realize Profits is Crypto Gains During Bull Runs

If crypto traders find themselves in the middle of a full blown season, crypto analyst Panama Crypto suggests taking profits on the way up, while

The best advice the trader gives is a reminder that if a "life-changing amount of profit" is ever gained, it will realize profits and "run."

Related Reading | Crypto Analysts Call For The Death of Altcoins, But It Could Be A Lucrative Buy Signal

Many cryptocurrency investors at the height of the last bull run saw their portfolios reach the values ​​they never dreamed of, but greed and The fear of missing out has led many to miss their opportunity to make a profit, and were forced to hold on through the longest bear market. It's worth noting that profits are never really profits until realized, and the crypto is cashed out in a fiat currency.


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