I am interested in your opinion on the end of the bullish season ... namely, will there be another bounce, or we will go into a deep correction. Unfortunately, I did not sell all my altcoin assets, as I got the impression that the market is still hot, (in comparison with other coins from the top 100, the capitalization of the coin of which I am talking has increased only 4 times, which is pretty small if we talk about comparison).
Altcoin season has different phases too.
- Path to altseason
- Let's me take that infographic, that is take from Great Arkansas' topic, to simplify this post.
- A quote of my post is used to explain my opinion because I see it is unnecessary to rewrite it.
Bitcoin halving brought the new bullish period for crypto market. Ethereum is a follower of Bitcoin on the market but it is a leader for altcoins.
- Bitcoin: leader of crypto market.
- Ethereum: leader of altcoin market.
From which, you can expect a blossom of altcoins in coming months. Top altcoins will retest (at least) their 2018 or 2017 ATHs and strong altcoins will make their new all time highs in this year (or next year ?).
It is my speculation, choose one or a few to buy at good entry prices, then hold (for 2017-2018 ATH retest) or new ATHs.
Warnings
- It is only good as investments
- It is not applied for leverage trades, gambling. Your greediness will kill you (by liquidations from exchanges)
- Along the ride of altcoins, you will see many market massacres, with Cascade effects along the journey
- Generally, take care, control your greediness, and good luck
