David Bird, known as ASX Trader, advises investors to pay attention to market indicators like Bitcoin dominance and rely less on social media hype when trading cryptocurrencies.
Alt season in this crypto cycle has not followed the typical pattern, with altcoins not experiencing their expected rally, as per ASX Trader.
ASX Trader suggests comparing altcoin performance to Bitcoin rather than fiat currencies, and advises sticking with BTC if altcoins don't significantly outperform it to reduce risk.
ASX Trader highlights the importance of timing the market, urging investors to be strategic and not solely rely on hype or cycle predictions for successful trading.