So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.
Have you noticed the same thing?
My feeling is that when Bitcoin is rather stable, the altcoins have their chance to grow.
When whales are getting out, they sell altcoins too, not just Bitcoin, making everything go red. Also since the alts are mostly valuated vs Bitcoin, they all look bad.
When whales get in, they buy Bitcoin first, making it skyrocket. And, as I said at start, when things calm down, the alts have their chance.
True. The whole game in controlled by the whales. When whales get in crypto, the buy bitcoin first and hold it for some time, till other people see the surge and buy it too, then they dump btc with profit and buy other altcoins at cheap with it and therefore creating surge in altcoins, people as usual seeing the surge get in altcoins and whales again sell altcoins for btc and the whole cycle continues, making the whales even more rich and giving more control over the market.
If one understands the market, he can make profits alongside whales, but if one doesn’t know what is going on, the whales will swallow him whole leaving with just loss and regret.