ALTCOIN Season Signal Pending! CARDANO & ETHEREUM About To BLASTOFF!

In this video, I discuss the current state of altcoins and their potential to break all-time highs, especially in relation to Bitcoin’s performance and the anticipation of altcoin season. Drawing on historical data and chart analysis of Bitcoin, ADA (Cardano), and Ethereum, I aim to pinpoint when altcoin season might occur, highlighting that while we’ve seen gains in altcoins, we’re not yet in the thick of altcoin season. I delve into the concept of “bull market doors” and Bitcoin dominance as indicators for altcoin season, showing past instances where breaking these doors led to significant rallies in altcoin markets. I also explore the impact of potential factors like the Bitcoin spot ETF and supply shocks. Despite the current excitement, I caution that we’re still awaiting a decisive move above critical levels on the Bitcoin chart, which could signal the true start of altcoin season. I encourage viewers to subscribe and engage with the content, emphasizing the speculative nature of cryptocurrency markets and the importance of staying informed on market dynamics.

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Intro 00:00
Bitcoin bull doors and altcoins 1:00
Bitcoin dominance will fall soon 2:00
Has not happened yet 3:30
Cardano & Ethereum will explode 4:15
This applies to all altcoins 8:00
When altcoin season 9:00

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If you currently own an altcoin or multiple altcoins there’s a strong likelihood that it has not broken alltime High just yet and you might be wondering when am I going to break alltime High when are my altcoins going to explode when altcoin season especially if you look at a Bitcoin

Chart you kind of just go over here on weekly and you’re like man Bitcoin looks like it’s it’s very close to its all-time high is Bitcoin going to outperform altcoins this cycle because of the bitcoin’s spot ETF because of all these bullish narratives what is going

On right now in this video I want to break down exactly when Al season will occur based on historical data this is time proven this is cycle proven and we’re going to use historical data to really lay out and visualize on the Ada charts as well as the ethereum charts

When altcoin season will take place here’s a hint we’re not there just yet so hit the Subscribe hit the like and let’s just jump into the video as we as we dissect these charts I just want you to take take note this really applies to all of the different altcoins and though

We are not in altcoin season yet you will see and we have seen altcoins have been seeing gains but that is not in my view what defines alt season so let me zoom out over here on the Bitcoin chart because it’s Bitcoin that is the foundation to navigating these altcoin

Seasons and really confirming these altcoin Seasons first just as a very very quick just refresher bull market High to Bare Market low bull market doors when the bull market doors are broken historically this is when alt season occurs this is when Bitcoin dominance just starts falling surprisingly right it’s such a bullish

Indicator on the Bitcoin chart the bulldo is being broken I track that indicator because it’s even more bullish for altcoins and I’m going to show you exactly what that looks like on the Bitcoin dominance chart so very simple I’m going to go Cycles past I’m going to

Show you when the bull market doors were broken in 2000 17 and real quick I’ll even show you on this chart so Bitcoin bull market doors broken 2017 all the way back here right when that was happening look at Bitcoin by the way after that happened amazing move on the

Bitcoin dominance chart it was sitting at around 95% and when those bulld Dooors were broken altcoins went crazy and you can see what happens to bitcoin dominance in that bull season this is why I tracked the bull market door so much yeah it’s because I want to track

The cycles of Bitcoin and and really understand if if these Cycles are consistent but this is the trigger the bull market doors being broken is the trigger for alt season for altcoins absolutely exploding now if we go back and we look at okay how about November 2020 many of you were probably here

Watching my videos when those bull market doors were broken it was a huge time right back here November 2020 bull doors broke in and and Bitcoin dominance what did it do it kind of had one more swing high and this is important especially as it applies to this cycle

But this was the end of the game right for Bitcoin dominance you can see right around January 2021 and then boom into that bull market altcoins just went again absolutely berserk and Bitcoin dominance fell now here’s where things are heating up this cycle around as you know because I’ve been talking about it

Non-Stop just discussing it non-stop Bitcoin is currently within the bull market doors I want to make a note Bitcoin has not broken the bull market doors we’ve broken into them but we’ve not broken above and that’s a very critical piece to this entire thing that we’re talking about win altcoin season

So for that to happen bitcoin’s got to start closing those weekly candles above around $57,000 and right now we’re kind of in the middle of the of the 618 here and the 786 at that $58,000 area now here’s the thing let’s assume especially for for visualization purposes let’s assume

Bitcoin actually does it in the next even few weeks it breaks through the bull market doors going over to Ada now we really can start comparing and we’re going to maybe pivot from Ada to ethereum but we’re going to use a and ethereum as an example here we can start

Visualizing this when the bulld doors were broken in November and this we saw what it looked like on the dominance chart on bitcoin dominance falling when Bitcoin broke the bull market doors in November 2020 back here this is what ad is doing right so on the chart zoomed out in the weekly

If we look at what Bitcoin was doing really briefly here’s Bitcoin right okay here’s a they’re both going parabolic they’re both going crazy the thing is in terms of gains percentage gains Ada very highly outperformed Bitcoin that’s why you see Bitcoin dominance falling because altcoin coins in general their percentage gains outperform

Bitcoin it’s it’s there’s no guarantees but it’s very likely that’s exactly what is going to happen once again and then if we go to ethereum you can see ethereum as well 2020 bull market doors being broken in November and bit or ethereum going uh parabolic as well

Right into the bull market and ethereum as well outperforming Bitcoin so now here we are Bitcoin bull market doors getting ready to break once again to the upside and it’s so it’s so interesting while this is happening we have setups and I’ve been talking a lot about this

On on the Ada chart setups that are so technically consistent with last cycle when the Bitcoin bull market doors November 2020 right here were being broken right the setup is just there I’m tracking this because I don’t know if it’s going to repeat or not but this is this is getting very exciting

It’s all happening earlier we before having right this happened last time after having but the setup is there and if Bitcoin just continues to the upside and it could be this the narratives not only just a narrative I keep saying that but not only just The Narrative of

Bitcoin spot ETF truly the the supply shock that this is causing for Bitcoin then altcoins like Ada getting ready to potentially put in a very similar move as the last bull market right so so alt season while I do not think it is here yet and you can

Even just go look at a Bitcoin dominance chart we don’t see it on the charts and with that Supply shock and the having coming up for Bitcoin there is a very strong case Bitcoin makes one more swing high right and then the Bitcoin dominance starts falling and then alt season but

You can see how close we are right now you go to an ethereum chart even etherium very similar just technical setup as as last time in November 2020 just as bitcoin’s breaking those doors check this out um ethereum starting to put in a swing high from this high so

It’s a higher high right breaking this entire resistance area you notice we just looked at it on the Ada charts it’s not happened yet on Ada well last cycle it really hasn’t H it hadn’t happened yet either ethereum was a first mover in that regard putting in a higher high

Look at this right now putting in a higher high from this swing high so even the similarities on ethereum are there and if Bitcoin continues to the upside I would very I don’t want to say nothing is guaranteed but I really think ethereum is going to begin outperforming bit

Especially with the spot ETF narrative and speculation that ethereum has right now so ethereum if the bulldo are broken for Bitcoin in the next week two weeks 3 weeks and it could be a month right it might not happen but if it were to happen in the the shorter term ethereum

Likely to start outperforming Bitcoin going over to adaa charts likely going to start outperforming Bitcoin to the upside if Bitcoin keeps moving Ada ethereum and you can take this into other altcoin charts avac uh salana polka dot your low caps whatever your favorite altcoins are out there xrp even

I think will start moving believe it or not that’s when altcoin season will begin now it’s it’s the whole thing of it’s a big h the Bitcoin bull market doors not been broken yet this six this 786 area around $57,000 has not been broken there have not been weekly candle closes above that

Area so I don’t know how on this weekly chart Bitcoin is going to interact with the bulld doors this cycle what I do know we’ve gotten our the first time we got a weekly close within the bul doors prior to the having and that’s a big deal but again there’s no guarantee

Bitcoin breaks out of this this range maybe it falls right maybe we see consolidation within the range maybe consolidation at the 618 time will tell but that’s what I’m tracking and that in my view is when altcoin season will begin it’s you know speculatively based on previous Cycles

It’s in this green box if things are moving a little quicker this cycle around then maybe the Box moves over a little right maybe there maybe right there but either way you get you get you get the point altcoin season not here yet but very fast approaching let me

Know what you think about this data everybody I appreciate you watching I appreciate all of you out there if you’re not a subscriber please hit the Subscribe turn notifications on hit that like button if you found any value in this video I’ll see you in the next video God bless