1. -- What is “Alt Season”? --

• A.k.a Altszn, is a part of the cryptocurrency market cycle when many alt coins “moon”
• "Mooning" is when a coin go up quickly in price
• Basically an Altszn is when the Alts are out performing BTC against the $New Paragraph

2. -- What is Bitcoin Dominance? --

Ticker: BTC.D on trading view

• BTC.D is the ratio between the market cap of BTC to the rest of the crypto markets
• Bitcoin is still the largest cryptocurrency, but over time its dominance has dropped as new cryptocurrencies were created

3. -- How to interpret BTC.D --

• BTC.D increases, BTC is gaining market share
• BTC.D decreases, BTC is losing market share
• Think of market share as the % of all the money currently invested in Cryptocurrencies
• Note that the Price of BTC isn't directly correlated to BTC.D

4. -- How to trade based on BTC.D --

In general:

• BTC.D increasing, exit weak Alt trades and have a higher % of your portfolio in BTC
• BTC.D decreases, enter strong Alt trades and have a higher % of your portfolio in Alt coins

• However value of BTC can drop or rise taking the Alts with it and the dominance could stay static
• This is why you need to add in another indicator to help determine what you should do, TOTAL2

5. -- What is TOTAL2? --

Ticker: TOTAL2 on trading view



• TOTAL2 is an index that represents the total crypto market cap EXCLUDING BTC
• Think of it as the total amount of money currently invested in everything crypto minus Bitcoin

6. -- How to interpret TOTAL2 --

• TOTAL2 increases, more money is flowing into the Alt coins
• TOTAL2 decreases, money is flowing out of the Alt coins
• Note that TOTAL2 isn't directly related to the value of BTC, in fact sometimes it is inversely correlated

7. -- How to identify an Altszn?--

• You need to use BTC.D and TOTAL2 in conjunction together with the $BTC price chart 
• The signature you are looking for is:

1. TOTAL2 shooting UP
2. BTC.D dropping
3. BTC PA static or falling

• Typically you get an Altszn when BTC has found a local top or is consolidating
• A good example of an Altszn is the 2017 top Down pointing backhand index

8. -- What is the current state of play?--

• We have just seen a mini Altszn, as shown in the chart below
• So could this mini Altszn be over for now?
• What happens next? & what to look for?
• IMHO, I think BTC.D may bounce & BTC $ value become volatile i.e. push up or down
• If BTC pushes up Alts will likely do OK against the $ pairs, but not against BTC
• BUT if BTC dumps, Alts will likely lose more $ value than BTC