At a top. When you hear the bull roar in flashes of youtube notifications spamming and speaking of 1000% gains. When celebs start shilling their coins and dougin' it. When insecurity bubbles up through our mesh of teeth squelching on and on regarding stakes, gains and your shadows of sins. We seek refuge in the king of coins. And BTC becomes dominant. Even ETH is silenced, steady and confident as she may be. BCH may flutter, but we'll have to see what gives.
For the past hours, ETH and Alts are leaning onto BTC. Very insecure movements. Alts capitulating after enormous runs. I've predicted ETH would drop because all the Elliott Waves are converging in to one move up. Weak or strong, who knows. One thing is sure, there is alot of room below for a nice new, fresh, position, when blood hits the streets.