Wauwda ✏️
Wauwda ✏️ 1 minutes reading from Bitcoin

Compare Bitcoin's $BTC Peak and Altcoin Peak

I researched 50 coins to see if there's a correlation between the BTC peak and altcoin peak. Here are my findings 👇🏼

1️⃣ Assumptions

• The BTC peak was on the 14th of April 2021 around 65k. • The BTC peak on the 10th of November 2021 around 69k was a dead cat bounce.

2️⃣ Findings

• Around 85% of the altcoins had their peak after bitcoin's peak. • On average the time between bitcoin's peak and altcoin's peak is 1-4 weeks. • Around 20% of the altcoins had their peak 2-4 days after bitcoin's peak.

3️⃣ Conclusion

• History shows us, taking profit between 0-4 weeks of BTC it's peak has been a good moment. • If you took everything out at the first peak, you would've missed out on the dead cat bounce, but still made some nice profits if you'd bought in the bear market.

4️⃣ My take

• We don't know when the next peak will be, so make a good taking-profit strategy. • Holding is basically the same as buying at those levels, keep that in mind. • Holding micro-caps in a downtrend can potentially make you lose a lot of money, so be aware.

This post is based on this twitter thread.

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