BTC | Developing Distribution Pattern | Fractals

We're looking at a disjointed channel dating back from 2019 capturing all the last two cycle tops and bottoms without having to use the log scale

This distribution pattern caught my eye as it seemed very similar to the fractal top in 2021 and of course we can spot partial fractals of distribution all over the chart like the ones I circled in yellow

As we trade in this top like area we have to remember BTC is a Risk-On asset and is sensitive to economic data

Lets take a look at altcoins TOTAL3 at the bottom, we can notice that every time there was a developing continuation pattern, perhaps a bullish flag in this scenario, BTCs price slows down with BTC.D looking weaker within the 60 - 65% zone

Seeing this I dont think we'll see a 70% dominance with alts looking to rise from the dead and to shoot for for the moon🌝

🎯My relevant post shows targets of 115k BTC from the falling wedge breakout also in confluence with a fib extension eyeing at the same level as the flag pole target, 100%

We can also overshoot to around 120k

One more thing when we line up TOTAL3s bullish patterns with BTCs price you'll notice BTC starts to underperform and while ALTs look to over perform

We all know what happens after ALTs hit the moon and BTCUSD may be telling us something is coming soon.

Stay tuned for more BTC updates and lets get through this together🚀