Discover and read the best of Twitter Threads about #altseason2023
Most recents (2)
Will #altcoins perform in the coming period?
What can we expect from the BTC dominance?
How can we potentially time markets and what is next?
🧵Below a thread 🧵
(based on wyckoff re-distribution)
What can we expect from the BTC dominance?
How can we potentially time markets and what is next?
🧵Below a thread 🧵
(based on wyckoff re-distribution)
1/ Since our highs in 2021, Bitcoin has clearly gained more market share and altcoins have lost much of the performance gains that they enjoyed in 2021.
After a sharp dominance drop from 70% to 39%, the BTC.D chart is ranging ever since. What's next?
After a sharp dominance drop from 70% to 39%, the BTC.D chart is ranging ever since. What's next?
/2 Consider the picture I share below. Most people by now know that money flows from BTC to ETH to big alts and further down. But when do altcoins outperform and when can we see bitcoins dominance potentially dropping as we have seen in 2021? 
1. Alt season refers to a period when alternative cryptocurrencies, also known as altcoins, experience significant price increases and outperform #Bitcoin, the most well-known cryptocurrency. It's a time when investors eagerly seek out potential gems in the crypto market.
2. Alt season is often characterized by a surge in trading volume, increased attention from the media and social media influencers, and a general sense of enthusiasm among crypto enthusiasts. It's a time when smaller, lesser-known projects have the chance to shine in the industry
