Quick breakdown of the "bart" BTC market capturing wave. For those of you who are not familiar with this recurring structure here is a quick breakdown of often how the alts are effected by BTC.
As of late the alts have been trying to decouple from BTC movements however the recent bullish injection that came from BCC over the last few days has had it's chance to permeate through the market.
It's a good opportunity to get a clear breakdown of these small week long time frame market cycles.
You can see from the chart above a break down with arrows of the general process of the market.
We start from a position of low influence of BTC price on the alts... which is usually brought about by steady trend motion for BTC...
From this point if we see movement in the big top coins then usually there is a readjustment of sentiment... People start to go into the top coins...
Soon enough, when the top coins are pumping, then the alts start to pump and take positions...... After which the top coins start going sideways and looking spent...
The altcoins that pumped while the top coins were running up are now in a dangerous position where the sentiment within their price action is more coupled to the top coins motions... and we know what happens next!
The "bart" or square wave type shape of BTC and other top coins...
Effectively these serve to capture portions of the market back to top coin dominance.
It's a battlefield out there!
