1) What is Altseason? Some people think it's just "the general crypto bull run" but for me it's a special phenomenon at the end stages of an altcoin bubble when maximum gains can be realized in the shortest period of time. The peak of the mania. When you aggressively sell.
2) There were 2 distinct altseasons last cycle and they only lasted for about a month or less. I think we could be on the verge of the first one this cycle meaning it is a good time to take profits on any parabolic moves.
3) If we are entering the first altseason this cycle, there will likely be a huge retrace afterwards before gearing up for another final altseason after Bitcoin finally tops out.
4) Will we have an altseason like this before the next significant market correction occurs? No one knows. But current market conditions are favorable imo. My strategy is to take small profits along the way to altseason & aggressively take profits if & when we do get there.
5) I have mainly been rolling profits from shorter term plays into longer term plays so if we have a correction sooner, I will just hold what I have until later in the cycle when I expect to see an even bigger bubble.
6) If you'd like more insight on the 2 altseasons of the previous cycle in 2017/18, take a detailed look at the analysis below:
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