Crypto Bull Run: This is When Altcoin Season Will Start

One of the top crypto analysts Ran Neuner has released his latest video analysis, where he reveals insider tips on identifying the start of the altcoin season and maximizing your gains. 

Learn how to track market sentiment, analyze BTC pairs, and identify strong altcoins with high volumes and adherence to price structures. Don’t miss out on the opportunity to level up your crypto investment strategy – read on!

Understanding the Indicators

Ran suggested that for moderately aggressive traders, two out of three indicators may be sufficient to start shifting capital into Ethereum (ETH) and other altcoins. These indicators could include a new high for Bitcoin (BTC), a rejection of BTC dominance, or a surge in the total market cap of altcoins (Total 2).

According to Ran, traders might start taking positions as soon as they notice a rejection in BTC dominance or bounce-off support. As more indicators align, these traders could–naturally– ladder in their investments.

Identifying Strong Altcoins

Ran highlighted the importance of finding strong altcoins to trade during the altcoin season. He recommended tracking price performance and open interest to gauge market sentiment and strength. For instance, platforms like CoinGecko, CoinMarketCap, and CoinBubble can help identify top-performing altcoins in various timeframes.

Also Read: Analyst Suggests a ‘Rough Correction’ for Altcoins After CPI, Will Bitcoin Sustain Gains? – Coinpedia Fintech News

He also emphasized the significance of monitoring the open interest on trading platforms like coinlize.net to identify which protocols are gaining traction. Ran prefers tokens with high volumes, ideally over $500 million in open interest, as they generally exhibit more adherence to price structures and less price volatility.

Analyzing BTC Pairs

Ran emphasized the significance of examining BTC pairs, particularly in the context of potential altcoin seasons. He believes that traders should focus more on BTC pairs than USD pairs in the current market environment, as it could help them understand the actual performance of altcoins compared to Bitcoin. This way, traders can better assess their risk profile and make informed decisions on whether to invest in altcoins or stick with Bitcoin.