3 Steps to Maximize Your Profits This Altseason

Mar 20, 2024 9:12 pm

image3 Steps to Maximize Your Profits This Altseason

Dear


For those who are new to crypto, you might be wondering when the altcoin season is. That’s when Bitcoin (BTC) stops leading the market in dominance and other coins outperform Bitcoin.


While the memecoin and AI sectors are pumping at the moment, I don’t think this is the start of the real altseason just yet. 

This chart marks the differences between a true altseason and just one or two sectors doing well while Bitcoin still leads;


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So, what’s holding altseason back? Well, mostly Bitcoin. 

That’s because BTC cut through resistance at $69,000 over the weekend, then retraced, and is now trading at $67,000 range.


Remember, BTC can still do well in an altseason. But it does have to relinquish market dominance. 


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From the chart above, you can see that BTC.D topped out at 55%. If BTC.D continues to trade below 55%, we are right on track for altseason.

So, things are definitely moving in the right direction. But BTC needs to cede control a little more. 


Additionally, it needs to pull back from its all-time high and trade sideways for a bit. That will give altcoins the room they need to kick things into high gear.

And I think that when that time comes, it will be explosive. 


When Will Altseason Occur?

I think we are really close. Let’s look at TOTAL3. Remember, that’s the total crypto market cap minus BTC and Ethereum (ETH)


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TOTAL3 now sits at $724 billion. I believe we will get a full-blown altseason when TOTAL3 blows through its old resistance of $836 billion. 


This could occur anytime soon if the current trend continues. 

But while we wait, there are still plenty of amazing profit opportunities in altcoins. The trick is finding the best ones. 


So here are three steps you can take now to maximize your profits in the coming altseason:


So here are three steps you can take now to maximize your profits in the coming altseason:


1. Identify the strongest sectors/narratives pre-altseason and buy them. We can still make a lot of money, altseason or not, in these sectors. Just look at memecoins and AI coins over the past month.


2. Hold these sectors through into altseason and until the end of it.

 

3. Sell altcoins at the end of a parabolic advance. (And don’t worry; I’ll be showing you how to identify a “parabolic advance” in one of my future emails.) 


These steps may seem simple. And if you’re already familiar with doing your own research to determine which cryptos to target once you’ve narrowed down a sector, they are likely simple.


But if you’re looking for a little more guidance, then I recommend you join our RAMAC crypto academy, where we share everything, including the right coins to buy at the right time.


Best regards,

Dr. Somto Inya-Agha.

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