BTCDOM
BTCDOM Analysis. And Total3, 11/10 (Altcoin comment corner)
-If you ask me if BTCDOM (btcdom is the percentage of BTC capitalization compared to altcoin) has absorbed enough money from Altcoin? Too much? Then I think it is enough, too much.
Why do I say that? Now you look at the charts of all the stocks, they are all at the bottom of 4 years ago, some are even lower than the bottom of previous years.
(except SUI and SOL sub-charts) with (the capital of altcoins is only 10%, except Stablecoins, with Eth and Bnb, the capitalization of 3 thousand sub-charts is exactly 10%
Why is that?
Because of all the goods, the last Mini wave was from October 2023 to March 2024. It has x2 x3, some have x5. And when btc just broke ATH 69k, everyone made a profit, so what did all the whales of those goods do???? - they sold, they closed, they kept money, collected goods, but do you know what goods they collected??? They collect BTC, guys, and all the whale CEOs of projects on the market collect BTC (they take our money to buy BTC, I'm sure at that time there were many people who made 2x3 profit but didn't close, because they didn't understand how the market works, so they didn't close, now they lost all their profit and have a negative 3, even 5% of their account when holding altcoin), back to the whale problem when they took all the altcoin money and waited to gradually collect BTC (that's why you guys see altcoins divided by 5 or 10, but btc is still going sideways and accumulating, from 73 to 59), and BTCDOM only has 58% capitalization.
When BTC accumulates enough (220 days today) and runs the next wave, for example, now it's up to 85k, or 90k or 100k, what will happen to altcoin? It's still stubborn like that, guys, and your account is still negative, at most it's only 20% 30%. Why is that? Because the CEOs, whales and sharks haven't closed BTC yet, you will see your altcoin increase when BTC peaks in this second wave. When BTC peaks, the whales will take profit and take it out to buy back altcoin. At this time, Altcoin runs strongly, because the Cap is small (there's nothing left, they wiped it all out at the beginning, now it's as light as a feather 😃). At this point, you probably understand where the money is that they push the market to be so horrible, it's our money. And when the altcoin increases to the point where everyone is greedy, and doesn't want to close, the cycle continues, reset the game, what else. I wrote this article, binance killed the interaction, I also had to write it here.
- Oh, let me explain more about SUI and SOL, why the chart doesn't collapse? It's simple, because the whales don't sell, but why don't they sell? Because it has potential. Really, guys, it has value this season.
The article is too long so I stop here. Follow me to know more about when Altcoin is closed. Follow me and give me a like. Thank you. I hope you get a lot of value from the article.
