⚠️IT'S HAPPENING🚨DOGECOIN ALT SEASON LOADING🚨 $2 DOGE COMING? The TRUTH About $1DOGE Update Today

Summary

The speaker discusses the potential for a new altcoin season, driven by 'dinosaur coins' like Dogecoin, Cardano, Stellar Lumen, and XRP. They highlight the historical pattern where these coins experience parabolic growth as Bitcoin dominance wanes, signaling the peak of a bull run. Drawing from past cycles in 2017 and 2020, the speaker predicts that we may be entering a similar phase, with Dogecoin poised to follow suit. However, they caution that as the alt season peaks, the market could quickly reverse, urging investors to be vigilant. As always, this is their personal opinion, not financial advice.

Takeaways

• 😀 The surge in older cryptocurrencies like Cardano and Stellar Lumens is a strong indicator of a potential altcoin season.
• 😀 Dogecoin, as a 2017 'dinosaur coin', typically experiences parabolic moves when other coins from the same era rise.
• 😀 The rise of these 'old coins' often coincides with the peak of Bitcoin dominance, signaling a market shift.
• 😀 Historically, Bitcoin dominance tends to collapse about 230 days after the Bitcoin halving, with the current timeline approaching early December.
• 😀 A major market cycle shift could be imminent, with the possibility of an altcoin bull run and Bitcoin dominance topping out.
• 😀 The current bull run for Dogecoin is likely nearing its end, based on historical cycle patterns from 2017 and 2020.
• 😀 Dogecoin’s past bull runs lasted around 5 to 7 months, and the current cycle could mirror those patterns.
• 😀 The speaker speculates that the current market cycle may end within the next 3 to 5 months, aligning with a historical trend of shorter bull runs.
• 😀 The collapse of Bitcoin dominance could trigger a market correction, and it's crucial for investors to be cautious during this phase.
• 😀 The video emphasizes that none of this is financial advice and stresses the importance of personal research and decision-making.

Q & A

What is the significance of Dogecoin's historical behavior in the context of this analysis?

Dogecoin is considered a 'dinosaur coin' because it has been around since 2013 or 2014. Its behavior is closely tied to the performance of other older cryptocurrencies from 2017, as when these coins experience parabolic rises, Dogecoin often follows suit.

What does the speaker mean by 'old season' in the cryptocurrency market?

'Old season' refers to a period when older cryptocurrencies, such as Cardano, Stellar Lumens, and Dogecoin, experience significant price increases. This is typically a characteristic of the final stages of a bull run, often coinciding with the collapse of Bitcoin's dominance.

Why does the speaker believe the current market is similar to past cycles?

The speaker observes that the market is following patterns seen in 2017 and 2020, with certain older coins experiencing vertical price movements. These cycles are often followed by the collapse of Bitcoin dominance, signaling the end of a market cycle.

What is the relationship between Bitcoin dominance and altcoins like Dogecoin during market cycles?

When Bitcoin dominance peaks and then collapses, altcoins like Dogecoin typically experience rapid price increases. This pattern suggests that as Bitcoin dominance falls, altcoins rise, marking the transition into a final phase of the market cycle.

How does the speaker predict the timeline for the current bull run?

Based on previous market cycles, the speaker predicts that the current bull run may end within the next 3 to 5 months. This prediction is supported by historical trends where bull runs for Dogecoin and similar coins have lasted 5 to 7 months.

Why is the speaker hesitant to label the market cycle as a 'four-year' event?

The speaker acknowledges that the market cycles are not exactly four years apart, as seen in the 2020 market, which occurred three and a half years after 2017. This variation in timing leads the speaker to be cautious in labeling the cycle as a consistent four-year event.

What is the significance of measuring the time between Bitcoin's halving and Bitcoin dominance collapse?

The speaker notes that the collapse of Bitcoin dominance typically occurs about 230 days after Bitcoin's halving event. This has been observed in past cycles, with the 2020 collapse occurring 236 days after the halving. The speaker is using this historical timeline to predict that a similar collapse is imminent.

What is the speaker's personal stance on exiting the market?

The speaker personally plans to exit the market when Bitcoin dominance collapses. They express caution, warning that if the market continues into the beginning of next year, investors could risk getting caught in a downturn by waiting for a blowoff top that may not materialize.

What does the speaker mean by 'getting baptized by the drop'?

The phrase 'getting baptized by the drop' refers to the experience of being caught in a significant market downturn when the expected price increase does not occur. It implies that investors may suffer losses if they fail to exit the market in time.

How does the speaker compare the length of the current bull run to previous ones?

The speaker compares the current bull run to previous cycles, noting that the first bull run lasted 1440 days, the second lasted 1216 days, and the current one is already past 1295 days. Based on this pattern, the speaker suggests that the current bull run may end around 1411 days, implying it is nearing its conclusion.