To understand when is the possible beginning of the altseason we have to look at the Bitcoin Dominance daily chart where we can see the potential area from where the altseason could start. We observe here a very similar picture today with that of Summer-Autumn 2019. This time I expect the BTC dominance to reach the levels of 75-78% from where we could possibly see a good correction movement and this could mean the launch of a proper altseason.

Looking at the altcoin market cap daily chart I can see that most probably there will be one more movement towards downside for proper testing of 61.8 fibo level before we are ready to fasten the seat belts for the moon ride (blue arrows). If there will be a panic sale and we see alt cap at 130-160 billions this will be the time that I will be stuffing up my bags with alts. Alternative scenario is that BTC remains at current levels and we see the altsesason happening earlier than expected (green arrows). In my opinion this scenario has less probabilities to happen as there is still plenty of room for Bitcoin to grow, the bull market is not over yet and I expect one or even two big legs up from BTC. Alts will be bleeding at this time but not for long.

Keep an eye on these two charts if you don't want to miss the altseason!