BTC Leads, ETH follows, Altcoins right behind, true?
We hear that
BTC
runs 1st.
Then
ETH
follows.
Then #altcoins lag showing the biggest gains.
Let's see how true that is
Early 2021 Chart:
1 Extended #BTC a little bit more on the left to show that there was a run already in progress.
2 #Bitcoin led the rally & it also TOPPED earlier.
Took #ETH a little longer to run. It topped later. It also sold off faster than its counterpart.
-----------------
BTC
hit a mid April peak
ETH
hit a mid May peak
ETH fell faster & coincided with BTC on all bottoms, shown in the yellow box.
#Ethereum resumed run was bigger, but was in conjunction with #Bitcoin.
#BTC made a higher high on this run.
However, while the #ETH run was bigger, peaking a month later both times, it made a lower high.
-----------------
ETH
bottomed right above 1k in Mid June - July & tested this in Nov.
BTC
bottomed at a lower price in November.
Both put higher lows in the middle of March.
Since then:
#ETH has done a 4x!
#BTC has done 4.5x & has new ATH!
The #Bitcoin performance is pretty much the same but the technical is better.
#Ethereum is still under the ATH & resistance is currently stopping.
***So far:
The early 2021 run shows
BTC
was a clear leader, topped before $ETH.
Later in the year, #BTC peaked first BUT did manage to make another high while #ETH did not.
During bear market, the clear performer was #ethereum. It managed to bottom first, before BTC.
#Bitcoin has similar performance in returns in similar time frames but has been more impressive technically.
***
-----------------
TOTAL
3 = NO
BTC
or
ETH
#altcoins follow similar trajectory to #ETH in early 2021 but outperformed it by a very good amount.
The second half of #altcoinseason wasn't as strong as the first half but still outperformed #ethereum & coincided with patterns again.
Smaller caps weakened first showing a loss for risk appetite.
-----------------
#Altcoins perform more like
BTC
come August 2022.
TOTAL
3 bottomed a month AFTER #BTC. This is shown in the yellow box.
Since then, as a whole, smaller caps have severely underperformed #bitcoin
& #ethereum by 50%!
Granted, those in the right sectors have done well. Sectors like #AI #CryptoGaming & #memecoin.
-----------------
BTC
is at an ATH
ETH
is 20% away from its previous all time high.
TOTAL
3 = is a whopping 50% from its all time high!
*******Conclusion*******
Not sure of the narrative being pushed for the last 2 years is correct. At least in reference to #altcoins as a whole.
If you're in right sectors, yes, it is great! However, looking at the the data shows that most previous winners are severely lagging.
Examples are
BNB
SOL
AVAX
LINK
Hope you enjoyed this & get something out of it.
(Very hard to show all this data here, Please see our profile for more data)
BTC
runs 1st. Then
ETH
follows. Then #altcoins lag showing the biggest gains.
Let's see how true that is
Early 2021 Chart:
1 Extended #BTC a little bit more on the left to show that there was a run already in progress.
2 #Bitcoin led the rally & it also TOPPED earlier.
Took #ETH a little longer to run. It topped later. It also sold off faster than its counterpart.
-----------------
BTC
hit a mid April peak
ETH
hit a mid May peak ETH fell faster & coincided with BTC on all bottoms, shown in the yellow box.
#Ethereum resumed run was bigger, but was in conjunction with #Bitcoin.
#BTC made a higher high on this run.
However, while the #ETH run was bigger, peaking a month later both times, it made a lower high.
-----------------
ETH
bottomed right above 1k in Mid June - July & tested this in Nov.
BTC
bottomed at a lower price in November. Both put higher lows in the middle of March.
Since then:
#ETH has done a 4x!
#BTC has done 4.5x & has new ATH!
The #Bitcoin performance is pretty much the same but the technical is better.
#Ethereum is still under the ATH & resistance is currently stopping.
***So far:
The early 2021 run shows
BTC
was a clear leader, topped before $ETH. Later in the year, #BTC peaked first BUT did manage to make another high while #ETH did not.
During bear market, the clear performer was #ethereum. It managed to bottom first, before BTC.
#Bitcoin has similar performance in returns in similar time frames but has been more impressive technically.
***
-----------------
TOTAL
3 = NO
BTC
or
ETH
#altcoins follow similar trajectory to #ETH in early 2021 but outperformed it by a very good amount.
The second half of #altcoinseason wasn't as strong as the first half but still outperformed #ethereum & coincided with patterns again.
Smaller caps weakened first showing a loss for risk appetite.
-----------------
#Altcoins perform more like
BTC
come August 2022.
TOTAL
3 bottomed a month AFTER #BTC. This is shown in the yellow box. Since then, as a whole, smaller caps have severely underperformed #bitcoin
& #ethereum by 50%!
Granted, those in the right sectors have done well. Sectors like #AI #CryptoGaming & #memecoin.
-----------------
BTC
is at an ATH
ETH
is 20% away from its previous all time high.
TOTAL
3 = is a whopping 50% from its all time high! *******Conclusion*******
Not sure of the narrative being pushed for the last 2 years is correct. At least in reference to #altcoins as a whole.
If you're in right sectors, yes, it is great! However, looking at the the data shows that most previous winners are severely lagging.
Examples are
BNB
SOL
AVAX
LINK
Hope you enjoyed this & get something out of it.
(Very hard to show all this data here, Please see our profile for more data)