ALTCOIN Dominance VS BITCOIN/USD. - Showing synergies between 2019 - 2020 BTC/USD CYCLE. *Identifying the relief rally - followed by a 70% correction. This chart shows how Altcoin dominance performed.. During the relief rally Peak - Followed by the 70% correction. liquidity transferring from the King currency by MARKET CAP (BITCOIN) to smaller Altcoins
- Projecting synergies for 2023 - 2024 BTC/USD CYCLE. *Identifying the relief rally 2023 and projections for 2024. This shows current market price of BTC and current ALTCOIN performance. *percentage % and days it took to reach similar performance.
Something to consider over the winter season as Santa clause rally comes to an end. Today we have BITCOIN + ETHERUEM ETF Hype leading into January. But also countries on the brink of a recessionary Awakening.
*This chart show's how Altcoins could perform if we see BTC take the same 70% correction.
*If BTC Broke out of this very identical relief rally strong enough to disregard 2019 - 2020 cycle repeating... we could expect Altcoin dominance rally much higher. Potential ETF's could be the catalyst!
Hope you find this useful.. Wishing everyone a BULLISH NEW YEAR!! In the meantime - ENJOY THE FESTIVE SEASON.. MERRY CHRISTMAS TOO EVERYONE!
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