Some people are asking Market Dump Hard But our alts Coins are Strong
What does this mean ?
Look
Phase 1:
BTC sells off, but altcoins show relative strength
BTC dominance (BTC.D) starts dropping making alts look bullish.
Phase 2:
BTC gets a relief bounce, and altcoins recover.
Traders start assuming the bottom is in for every coin
Phase 3:
$BTC faces another sell-off (Because the stuck participants close their positions in loss to avoid margin calls )
This time, BTC dominance rises sharply, and altcoins take a much bigger hit.
All these happens in ongoing Chop once market finds a floor then start a New Phase where we get a clear trend
Phase 4: Market Stabilize & we make a range; Sell pressures slow down & bull start stepping in the game & then some narrative base alts start popping hard
What does this mean ?
Look
Phase 1:
BTC sells off, but altcoins show relative strength
BTC dominance (BTC.D) starts dropping making alts look bullish.
Phase 2:
BTC gets a relief bounce, and altcoins recover.
Traders start assuming the bottom is in for every coin
Phase 3:
$BTC faces another sell-off (Because the stuck participants close their positions in loss to avoid margin calls )
This time, BTC dominance rises sharply, and altcoins take a much bigger hit.
All these happens in ongoing Chop once market finds a floor then start a New Phase where we get a clear trend
Phase 4: Market Stabilize & we make a range; Sell pressures slow down & bull start stepping in the game & then some narrative base alts start popping hard