This post analyzing the possibility of an altseason didn't get enough traction, but here I am updating it anyway
I was talking about breaking a weekly structural minimum in the BTC dominance
Now that we did we just need one last confirmation to fully be in a downtrend -> break the lower low for confirmed continuation
Do that and we are probably headed towards <50%, which means altseason and degeneracy
At the same time, I am very cautios given the current market and geopolitical conditions. Every other bullrun happened during easy times of money printing
Are we in an altseason? A trader's perspective
ETHBTC just bounced perfectly off a major resistance of a monthly + volumetric value area low, it's also currently marking the first structural higher high after years while defending the lows
Is this enough to start an alseason?
To answer this question we have to look at the good old BTC dominance chart
Dominance is currently being rejected by the .786 fib retracement which would confirm the higher lows from the cyclic trend
What we need now is a break of the last structural minimum to start a down trend -> start the altseason
What to do now?
Start from getting your allocation right, I wouldn't go all in altcoins until dominance is <50%, which has historically been a threshold for degeneracy
Go below 50% and you can pretty much ape every launch and you'll make money
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