Thread by @gthuvaDEV

ALTSEASON 2022 THREAD⛓️
AltSeason is basically cryptos except #BTC stays green for quite some time according to huge buying pressure and continuous decreasing BTC dominance. There is a trend/path always this phenomenal follows.
1/n

and, also there is a 4 wave cyclic pattern #BTC following for every past ATHs. This is nicely explained by @BTCfuel in one of their thread. They are demand waves and happen when a lot of money flows into market in a short timeframe. The 4 waves are clearly visible here.
2/n

First, it's take off because of buying pressure, then first sell-off happens, then a cycle top comes after a fake-top. The 4 waves are clearly visible in the Realize Cap HODL Waves indicator above.
3/n

Also, according to Market Psychology there is a curve out there called "Market Curve" presented by @dougpepper for all markets. Firstly, A hype cycle will happen coz of overheated expectations, then market will react to reality and will face it. 4/n

then a sustainable time will cause by a lift off, we can call that period "sustainable" as #ALTSEASON in crypto. because, after every ATH, market won't react peacefully. There must be a fall after an ATH, but for alts, that's a huge opportunity
5/n

In this image you can clearly see that settle downs of #BTC and a lift off of #altcoin . more of @dougpepper 's analysis here techcrunch.com/2012/04/01/the…
6/n

That lift-off of #Altcoins consists of three stages, as follows. First after sell-off of #BTC, BTC Dominance will starts to fall off and this cause #Ethereum to outperform. After it gets saturated money will flow into this order. Large Caps , Mid Caps and finally Small Caps. 7/n

BTC Dominance fall will look like this
8/n

Then we come to the above 4 wave pattern, according to that pattern, here I plotted #BTCUSD price chart above that, and linked them as the cycle orders. So, finally where we are in now?
9/n

As per these analyses, according to 4wave pattern we are in 2nd phase. according to Money Flow, we are in the Phase 1 end. Yeah the end is near. We may experience #AltSeason2022 when this Dominance parrellel channel breaks out. And also when #BTC crosses these huge demand lines.

Either it have to cross 42017 (1st resistance) , 45k region (2nd) and then 53K (3rd and huge resistance). As for supports these will act in reverse and huge support near 35K and that yellow long trend line.
11/n

If we look closely by 4H timeframe, we are making weaker-body-candles these days. and EMAs tend to prepare for a cross over to act as a support-band. Next what? All we need is #BTC crossing 45k badly. also I need your support. SUBSCRIBE TO NL or RETWEET or just LIKE this.
12/n

@threadreaderapp unroll pls.