A picture tells you when the copycat season breaks out! What other trading opportunities are available for retail investors?
What is a copycat season, my understanding is simple
1. Break through the price high in March last year.
2. Break through a 21-year record high.
3. ETH broke through 4800
4. SOL exceeded 400
Otherwise, there wouldn't be a real copycat season.
Funds flow into BTC ➩ BTC dominance increases ➩ copycats are drawn ➩ copycats fall
Funds outflow BTC ➩ BTC dominance declines ➩ copycat sucking up deposits ➩ skyrocketing
🤖 This may be an opportunity, how to choose a target?
- As long as the project is still in operation, the codebase and social media updates are not interrupted, TG, discord, administrators, and most likely institutions have already intervened to achieve control.
-The profit and loss are right, when the time comes, it can pull you out three or five times in 7 days or even one day, and in less than a month, it will be able to accumulate momentum for three or four years of shock, and give you an eruption in place at one time. The outbreak of the copycat season can complete the 2-year bull market process of Bitcoin in 7 days.
🤖 Emotionally, it's still a bear market sentiment.
Now there is a dead silence in every group. The only wish in the hearts of the group members is to be able to return to their roots. Although the price of bitcoin continues to hit new highs, the assets in the wallets of the group members are constantly shrinking.
When you are really at the end of a bull market, you have long lost your mind. Not only did they put all their savings into the market, but they even went around asking relatives and friends to borrow money, loan studs, and rush in desperately. People who buy bitcoin will envy those who buy altcoins, and in that frenzied atmosphere, as soon as they sell their coins, they will immediately go short, and there will be no chance to buy them back at the selling price. The dealer will use all kinds of news and various pulling methods to create this atmosphere, and it is obvious that he does not have the state of the end of the cow at present.
🤖 How to judge the cottage season, 4 indicators that must be known
1️⃣ Copycat index
Tracking whether market sentiment points to Bitcoin or altcoins, if 75% of the top 50 altcoins have outperformed Bitcoin in the last 90 days, that's altseason, otherwise it's bitseason.
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2️⃣BTC Dominance (Market Cap)
Funds flow into BTC ➩ BTC dominance increases ➩ copycats are drawn ➩ copycats fall
Funds outflow BTC ➩ BTC dominance declines ➩ copycat sucking up deposits ➩ skyrocketing
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3️⃣TOTAL 2
TOTAL2 INDICATES THE TOTAL MARKET VALUE OF THE TOP 125 ALTCOINS EXCEPT BTC, WHICH CAN BE SEEN AS THE INFLOW OF FUNDS INTO THE COPYCATS.
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4️⃣ETH/BTC exchange rate
From the perspective of the market cycle, the flow of funds is generally as follows:
BTC—ETH/SOL—mainstream copycats—sub-mainstream copycats—meme
The pie is the faith, the ether is the leader, and the strength of Ethereum is the premise of the copycat rampage, and when the Ethereum exchange rate is strong, you can pay proper attention to the altcoin
The most feared thing about the bull market is: greed, fear, blindness, conformity, going with the flow, chasing the rise and killing the fall, because it is a place where a few people make money.
This round of copycat season only belongs to some high-quality representatives, and it will not break out in full swing like 21, so it is recommended that you choose the top 50 in terms of market capitalization.
If you're afraid of missing out on the copycat season, the only thing you can do is look for a cost-effective entry point and set a stop loss, and luck is important if you can break the all-time high.
So what other trading opportunities 👇👇 do we have?
#BTCUSD #ETH
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