I'm sure you're probably wondering: "oh well. Max has finally lost it. What does BTC being at $11k have to do with altseason?"

Hold up. I'll explain in great detail. But first, a quick word from my telegram group.

I do run a telegram group where I give altcoin signals. Most of you know I trade for a living, so I can say I am somewhat in tune with the markets. I mostly trade BTC, altcoins and FX. I have prepared a full technical analysis course where I teach you all I know about trading. This course comprises over 20 articles, 50 videos and 3 bots that I made myself.(along with guides on how to use the bots). Click this link to join the public group where I share educational content, and contact me if you want to get the full course. I'll have my contact up in the chat!

Ok. Shameless self promotion aside, let's get into the article.

What in the world does BTC being at $11k have to do with alt season? Well, here's what 

See, the world is watching BTC, whether you know it or not. They all have eyes on BTC, watching its every move. Institutional investors have started playing the bitcoin game as well, and so have hedge funds. This means that they all know BTC's important levels.

So when BTC crosses an important level, what do you think would happen? 

If you said "massive outer interest and massive buying", you'd be correct! When BTC crosses an important level, there would be a lot of buying from people outside of crypto, trying to make a quick buck.

That brings money into BTC. Money into BTC is a good thing for the whole of crypto, because BTC is the granddaddy if crypto.

When BTC cools down, which it always does, where do you think this money made from trading Bitcoin flows into? That's right, alts!

Altcoins get the profits of BTC, but ONLY WHEN BTC COOLS DOWN. This means that until BTC cools down, altcoins cannot get any good stuff.

I'll explain the correlation between Bitcoin and altcoins later today, so make sure you're following for that piece!

"So when alt season sir?"

Alt season begins when BTC breaks ATH. ATH is currently set at 20k, which is a huge barrier. However, BTC has just broken above its downtrend line from 2017. A WEEKLY close above would mean that the level has been flipped. A flip of this trendline, a little bit of consolidation and we can see Bitcoin start rallying to 20k. 

Note that during the small Consolidation, altcoins should move slightly. Don't be fooled that that is the real alt season. It's not. Trade it if you will, but take profits quickly. Don't hope for 10x runs. You won't get them until BTC breaks 20k.

Once it does break 20k, there'll be a lot of FOMO for BTC. Everyone would feel it's going to the moon, and join the train. At that point, altcoins would have hit rock bottom. So they start climbing up along with Bitcoin. Profits flow into them then, and they begin to move as well.

I hope I've been able to explain why altseason comes when BTC crosses ATH.

If you enjoyed the article, a like and follow would be nice. Thanks for reading, and don't forget to check out my telegram! Good stuff over there.