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I just cannot unsee all these 2019 comparisons.
There are simply far too many.
The top chart is TOTAL3/BTC, it shows us the strength of Alts against Bitcoin.
We can see that every cycle top TOTAL3/BTC has spiked massively, then distributed as Bitcoin tops and drops again.
In 2022, TOTAL3/BTC distributed for ages and didn't start dropping until Bitcoin bottomed.
But where are right now is a completely different place entriely.
And it looks exactly like 2019, when Bitcoin had a mid cycle correction.
Bitcoin topped, and TOTAL3/BTC bottomed, as alts were stronger than Bitcoin on the drop.
Which is exactly what is happening now.
Bitcoin topped in October, and TOTAL3/BTC bottomed.
There is no two ways about this...
It looks nothing like any other cycle.
It looks the mirror of 2019.