In his latest video, Josh makes a strong case that alt season is happening, even if many don’t recognize it yet. He emphasizes that real altcoin gains are already underway, and now is the time to be strategic, not reckless.
Key Takeaways:
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Alt season is real, but you don’t need to chase every pump. Josh stresses it's not about finding the fastest horse every day, but making sure you’re riding something that’s actually moving.
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BTC and ETH still lead the market. ETH's breakout looks especially strong. Josh sees potential for $4,000 in the short term and maybe $10,000 long term.
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Solana (SOL) looks promising, but ETH is still outperforming on key pairs. Wait for confirmation before rotating into SOL or other laggards.
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Relative strength matters. If your alt isn’t doing well in this market, it may never. Focus on strength across USD, BTC, and ETH pairs before entering.
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Some caution for August and September. These months are historically weak, with potential -25% days. Don’t panic, just be realistic about volatility.
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Memecoins and NFTs are ripping. Even NFTs and luxury watches are trending up, signaling strong risk-on sentiment.
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Josh still prefers ETH over most alts, especially those underperforming against ETH.
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Top performers right now: ETH, AVAX, STX, SUI, DOGE, and SHIB. Many others are breaking out above the cloud, which Josh sees as a strong bullish sign.
Josh’s Position:
Alt season is happening, but it’s not time to go all-in without a plan. Be selective, stick to strength, take profits, and don’t over-leverage. According to Josh, if you’re not making money in this market, maybe trading isn’t for you.
