I'm still waiting for Altseason 3.0.
I became convinced that Altseasons occured with only high PMI(Purchasing Managers' Index).
The reason why long-term altcoin investors have been suffering tough time for the last 4 years and 6 months is.. retail speculators are risk on stocks.. it seems that they think altcoins are super riskier than even small cap stocks.
I think PMI connotes how many risks retail speculators take, like low PMI is risk-off, high PMI is risk-on. I like this indicator. This indicator shows psychological and inner data of human.
Cryptocurrencies, or trading in this field, requires significant experience in analysis and candlestick patterns to succeed. Otherwise, it's a haphazard process that exposes the trader to considerable risk. Just a piece of advice. Good luck to everyone.
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