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)

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?

/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?

/3 I belief that we have been in a wyckoff re-distribution pattern for quite a while by now. And we are entering the end of what is called phase C (test phase) and we will enter phase D soon (continuation of trend downwards).

/4 I belief it is likely that the current top could be our end of Phase C but a move up until 52.23% is not out of the cards just yet for now. either way we will be peaking very soon. From there we enter Phase D and that is a continuation of the trend to new lows.

/5 If we take a ook at the measured move from the sow to the test from last cycle and measure it downwards to the current lows around 39% then that aligns with the 2.0 fib extension level.

If we see a simular move and I guess we will, we'll go towards a new low of 28% = #BTC.D

/6 That means that we are in the last phase before a new altcoins season. Should this play out, are you ready for that?

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Good luck all 🚀🙏

#BTc #eth #sol #altseason2023

added picture with both BTC.D scenario's to follow up for the coming weeks.