Please love and favor: analysis of the most important indicator for the entire alta — Bitcoin dominance #BTC_D💰
The classic Wyckoff scheme caught my eye: distribution by type 1 (distribution on #BTC_D = a set of positions on Ether and alts by a major player). I suggest looking at the chart again and answering the question: "What phase of this distribution are we in at the moment❓"
Globally, the entire abnormal lag of alta from Bitcoin during growth and "lead" during spills (fall by 60-70%) is part of more than half a year of positioning by a major player — it is not without reason that dominance "hung" above 53% at this time💡
At the moment, we are at its end — in the UTAD📍 phase (the final movement after the end of the distribution). Almost all of the altcoins have already tested global support zones, the lows of the bear market have been updated, and behind each of these levels there were huge pools of liquidity, which the manipulator obviously used, buying up Ether and altcoins✅
➡️Now the whales only have to finish what they started, starting to push the market up⬆️, repeating similar actions and fixing positions, but already at the update of historical highs.
Obviously, the first to start the upward trend will be #ETH⚪️ as the most expensive asset with a solid fundamental and public trust, where large volumes will not affect the price (I expect growth in the direction of $5,000-$6,000), and then the growth will cover other fundamental projects⏳
📌The Wyckoff method has proven itself many times on Bitcoin, I am sure that this time-tested method of analysis will not let us down this time. We are already ready for the start of large-scale growth: #ETH prevails in the portfolio and all that remains is to wait for profit, carefully gaining the most fundamental alt.
