Hello Everyone!
Happy holiday season! I hope you’re spending time with your family and people that are most important to you. Remember to enjoy life to the fullest.
The bull market is upon us, not just in price action which started in early November but also according to the Halving Cycles Theory:
Red Year is underway as of November 28th. This has been on the cards for us since the cycle bottom and it’s not just for Bitcoin, it’s Altcoins too!
It’s easy to understand what’s next, just take a look at any red highlighted year that has come before.
For any of you here with me, you’re likely holding Altcoins which I strongly encouraged buying in June - September. There’s a rush of emotions that grace this group uniquely, watching a coin that you don’t hold burst to the upside while your own sits like a rock is challenging, to say the least.
Altseason is also finally underway, something that I’ve been looking to come in December since early October:
From: “Buying Time Isn’t Forever”:
“When we look at the last cycle from the red circled point, it may seem like Altcoins should plunge directly into Altseason soon. In previous newsletters I’ve said that true Altseason could arrive as soon as October, but both price and the dates that we see on the chart have been consistent at a later date.
December.
We reached the same trend line as previous red circles have, but sooner. The touch this cycle was August. But, we shouldn’t assume that means that altseason is coming to us faster.
It may very well be that BTC.D V2 makes little movement in the coming months only to retest the trend again in December.”
Here’s what Bitcoin Dominance V2 looks like now:
It’s clear that Altseason has begun, replicating the early parts of what we’ve seen after other December rejections from the important trend.
Now when I say Altseason has begun, some people are going to be alarmed.
“Why hasn’t my Altcoin taken off yet?” and “If Altseason is here, how much longer do we have left?”
I’ll be answering these questions and more in today’s newsletter. I’ll also be introducing some new Magic Bands for Solana which have proven to be a good candidate for them.
Let’s get started!