I checked ETH/BTC daily candlestick chart right before Altseason 2.0.

Source: TradingView

After ETH/BTC broke 365d SMA(Simple Moving Average) line, it consolidated for 409 days. Then, finally Altseason 2.0 appeared for 2 months.

I realized that decline and consolidation are long, rises are short again.

In this zone, some retail traders who made 10% or 20% profit weren't able to get thousands of % profits 2 momths later.

Source: TradingView

I checked the current data of ETH/BTC as well. It's been 174 days since it broked 365d SMA line and consolidated.

If it has a similar consolidation period, it will likely consolidate until the end of this August or the beginning of September.

I hope unlike the previous patterns, this consolidation will call it a day and soar! 🙏

Source: TradingView

As I previously mentioned the 365d SMA line several times, it's been 60 days since BTC(Bitcoin) declined below 365d SMA line and consolidated.

The BTC market trend has been determined to enter a bull market again or a bear market in 62.5 days on avereage.

The odds of re-entry of a bull market is one-fourth like the COVID-19 period.

Compared to the U.S stock market, Gold and Silver, altcoins feel left out.

For the sake of Altseason 3.0, BTC should enter a bull market again through breaking $100k which is the 365d SMA line.