Thesis: during the bear market and until significant price momentum builds to bring new participants into the market, alts will primarily be used by whales as a method by which to manufacture BTC for the next bull run. In so doing, they will have to move funds between high caps in cycles in order to do so, because not enough new money will be entering the market to fuel a market-wide uptrend. Thus, determining which coins have exhausted their runs and which coins are next in the cycle should be very advantageous to those looking to stack BTC during this reset period. To that end, I've normalized each coin in the current top-12 in marketcap to their late 2017 and early 2018 highs, this time adjusting all coins by their USD ATH. Interested to track this and the companion chart of all these alts vs. their BTC ratio ATH to see if it helps identify cycling of funds between the majors.
Link to companion idea vs. BTC ratio ATHs:
Link to companion idea vs. BTC ratio ATHs:
评论:
I think I prefer the version of this idea that tracks the relative price of the various majors vs. their BTC all-time high even more than I did initially, because this recent BTC pump makes it apparent that tracking their relative price vs. BTC just allows BTC price movements to dominate the picture. Here's a link to a updated version of this comparison vs. BTC (the first one I did had a broken feed for BCH that mean that it was no longer tracking it):
