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hey this is David for big bits and in this video I want to take a look at all seasons and kind of a little conspiracy theory I have going on as to when the next one might be occurring and might be pretty soon because there are some things that are happening with the altcoin ratios compared to Bitcoin that might suggest that an old season is kind of around the corner and may be pretty pretty soon around the corner as well so I’m also going to be sharing that I have an announcement coming up and I don’t know if I’m gonna get very many details about it now but on the day of the halving here coming up I’m going to release a short video with something pretty cool in it so if you have followed my channel since before 2019 so back in 2018 and 2017 then you’re probably gonna be pretty happy with what I’m doing and even if you are fairly new then I think it’s gonna be probably even more relevant but for the people who were around before 2019 it kind of goes back to some of the roots on this channel some of the things we did back then although it’s not entirely the same we’re gonna do some very similar stuff and we’re gonna be working with a lot of the things we’re working with now and making some really cool stuff and I can’t wait to share that with you all very soon but I want to get back to the video itself back to the alt seasons and kind of what my thoughts are now one of the main things that I noticed before all seasons actually occur and if you’re not familiar with an alt season that’s when the general altcoin market just about any coin you pick out will be doing well compared for the Bitcoin and this is a light coin versus a Bitcoin chart you can see this would probably be characterized as an alt season the price just kind of continued to go up very very quickly you can see it went all the way from point zero zero three to what point zero two five to one to two almost so there was a huge bullish movement for light point versus bit when this happens with a lot of other alt coins and I can tell you why I think we might be getting kind of close to one and kind of give you my conspiracy theory on why that might be true but first of all I did want to mention that you can kind of compare these side-by-side now this is the previous bull run from the end of 2016 all the way up to the beginning of 2018 and you kind of see there are some correlations back here so in the beginning you can see that as Bitcoin went up did litecoin ratio versus it kind of just went down and there really wasn’t much of any interesting sort of thing going on with the litecoin ratio but however when we get to around here which is I believe around the time at the previous all-time high was broken you’ll notice that as the Bitcoin price starts to drop the litecoin ratio continues to climb now of course this doesn’t mean necessarily that litecoin is going up in price versus the dollar it just means that versus Bitcoin it’s worth more so if you’re wanting to flip your alt coins into more Bitcoin that’s kind of how you would do it you trade it versus Bitcoin now from this point forward it also started gaining more as Bitcoin gained more so throughout this huge run-up it gained quite a bit more and at some point it cooled off as you can see here during the middle of all that and it kind of lost some value and then back towards the peak as the value went down on Bitcoin versus the dollar the litecoin ratio went up and then as Bitcoin went up it went up as well it went down and then it also went up so there’s going to be a lot of volatility and fluctuation but what I’m going to be getting at is catching these really really deep bottoms with the huge jump ups and why I think that might might possibly be coming up and of course there is no financial advice here whatsoever I’m just kind of seeing a pattern and kind of taking a look at what’s going on so let’s actually go to the current chart all right so we can see there’s a pretty big theme here the Bitcoin price has been shooting up and the altcoin ratio has just been nose-diving now before that V and I’m sorry my head is in the way on this one because it’s in the bottom but you can see as the Bitcoin price was going up the altcoin ratio just completely dropped out through the bottom now I’m actually gonna move my head so this actually looks decent you can actually kind of see what’s going on you can see this is this continued down trend on the all coin ratio here with light coin I’m not gonna be looking at dominance because that it’s too wide of a basket I want to look at the major alt coins and light points a good one to look at for that one zoom back out of it you can see for the most part it’s just generally been going down aside from this period here the light coin happening I believe was in the middle of 2018 so it kind of got its own pump during that time versus the dollar and also Bitcoin then also pumped as well so ignoring that one of the things that we’re looking for here are these sharp bottoms and I like to call this kind of flushing people out this is a capitulation and they have very steep drops in the price in the ratios and what we can see right now is we are having a very steep drop in the ratio with the litecoin price versus Bitcoin now going back I mean this is pretty large move this is a very large move even larger so than this one and then a lot of these other ones although this one is very similar so there’s absolutely no guarantee that this is going to happen and it won’t just do like this and continue going down for a very long period of time but there’s a lot of things that are going to come into play with my little conspiracy theory here and that is that the having has a lot to do with this and we all know well everybody in crypto for the most part should know that the Bitcoin having is happening around to May 11th now there has been some recent news some recent large news and I’ll bring my face back on here there has been some recent large news that one of the largest investors Paul Tudor has basically shown people that he is largely invested into Bitcoin as a hedge against inflation so there’s there’s news like this coming out right before the halving the price is pumping ridiculously high compared to where it was at just 3.8 K just you know two months ago and what’s gonna happen is the halving will generate press it bitcoin is going to be in the news pretty big especially if the price continues the pump and that kind of goes with my conspiracy theory and a lot of the trading that I have learned on these larger time these larger timeframes like this is that you should probably think like the market maker and if I were the market maker what would I do to make the most profit well I’ve already made a killing on Bitcoin over the last couple of months once I started buying in prices and nothing but go up I know that having is right around the corner so what I’m going to do is since that’s going to generate a lot of news I’m actually going to pump the price as it’s kind of been doing get people super excited about it because oh my goodness the halving is occurring the price is up over a hundred percent in the last two months over three hundred or two hundred percent yeah two or three hundred percent so the price is up two or three hundred percent already just in the last two months the halving is occurring there’s probably gonna be people who haven’t thought about Bitcoin for a while who are going to get back into it and honestly this is probably a good time very soon for a fairly natural pullback now it doesn’t have to be here at ten ten point five eleven it could be anywhere but we’re probably due for some sort of natural pullback anyway after a huge just pretty much straight up move like this but what I think is going to happen instead of these market makers taking their Bitcoin and taking profits in US dollars they are also probably going to consider taking their profits in altcoins the ratios are super low and I showed you the chart here like compared to the all-time lows here and I’m gonna disregard that that candle but compared to the all-time lows here the ratios are pretty good if you were to buy for a long term hold expecting this to move up and if you’re the market maker you kind of have a lot of control over that so and not that market picker is any one person but you kind of get a feeling that as somebody who can help kind of push the market in certain directions that you know maybe this isn’t that bad at a time so what might happen is that people sell off their Bitcoin on this massive news that the halving has occurred and they take profit by buying all coins to try and flip and they’re gonna try to flip the all coins into more Bitcoin so that kind of goes back to this 2018 2017 kind of cycle we had going and let me zoom back out here where you can see right here I believe it was is when Bitcoin broke its all-time high and the altcoin ratio for light coin here started going up even as the price of Bitcoin went down so that kind of tells you that people were taking their Bitcoin and they were probably buying alt coins with it and then not too long after that if things got really bullish and the price went up for both so something like that could happen again you can get this having to occur while we’re down here at the bottom perhaps on these ratios and then after that having people take profit and you this kind of nice smooth run up and then Bitcoin starts going up but then people are also noticing hey these these alt coins are doing really good and they start putting their money in those as well so you could really get something like this going on and considering that D market caps are much smaller for all coins the order book sizes are probably much less the bang for your buck it’s probably going to be more so with these all coins so there’s a lot of reasons that this kind of stuff actually happens but I know I’ve went on for a little while about this but I just want you all to see what I’m trying to convey here is that we might be going through one of these sharp corrective periods and there might be something coming up because of that and considering that the ratios are already pretty low it might be pretty soon I want to switch down into a 5-minute chart here and you can see things are going to be pretty volatile now this could potentially be a bottom that’s a very violent reaction to that sell-off here and who knows that might be the bottom for litecoin and we’re calling it today but honestly the thing is to just kind of keep an eye out for these huge bounces and particularly I wouldn’t worry about too much on the five-minute chart like I have it here because there’s other bounces although maybe not quite as steep as this one I would look for something on the daily chart for myself that is and I know I’m in the way and I keep getting in the way I would look for something kind of on a daily chart for myself and I don’t know I just I’ve got a pretty good feeling about this one but that’s a famous last words right it is kind of a conspiracy and it’s all just kind of conjecture just thinking out loud here as to what might happen I just kind of want to share this with you all because I’m actually seeing this kind of sentiment in other places around crypto Twitter and some other communities that I visit that they think that maybe now is a good time to get some of these alt coins now as I said that can continue to go down so I’m definitely not giving you any financial advice to do anything about it I’m just kind of sharing my ideas here with you and maybe feel the same way but I think that’s all for this particular video please look forward to the announcement there is the giveaway posted already and the discord in the Twitter I’m probably going to be doing another video where we address that again later but trying to think there’s anything else I need to discuss before we go on but the announcement on the day of the halving is going to be a pretty good announcement I can’t wait to share that with you all and get back to work with some of you all who are helping now I will give you a bit of a hint if any of you all are interested in C sharp or dotnet programming then this project will interest you very much but otherwise if you’re interested in trading view and alerts it’ll interest you very much as well so I think that’s gonna be it for this video I think if you like the video please leave a like and if if you step through all of this hopefully you enjoy the channel and you’ll subscribe if you haven’t already while you’re down there hopefully giving a like and other meth that’s it for this one look forward to something else probably tomorrow and then the announcement coming up other than that have a nice day [Music]
YouTube Video Description
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Altseason Conspiracy – Is Altseason Approaching? – Announcement Soon: In this video, I share a little conspiracy for a potential approaching altseason. There has been some sentiment lately to suggest that altseason could be approaching, perhaps after the Bitcoin halving event. I share a small conspiracy I have on how this may happen, thanks to the market makers playing on people’s emotions to take advantage of potentially gigantic profits.
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