Crypto market cap w/o btc Outlook
Per what the chart shows, it seems the crypto market has one last fake out before it is able to recover. The current sentiment is bearish and rightfully so, but traders were becoming exubberant with the liquidity mining, leading to the number of scams that came up.
After the dip, I expect some consolidation, while, either bitcoin trades sideways or bottoms out. Then I expect it to be the bitcoin party, followed by an alt season starting in November. The exact 2017 playbook.
ETH dominance idea:
BTC dominance idea:
ETH dominance fractal vs band:
If this fractal plays out, it means the defi party continues, while the majors trade sideways or even go down.
After the dip, I expect some consolidation, while, either bitcoin trades sideways or bottoms out. Then I expect it to be the bitcoin party, followed by an alt season starting in November. The exact 2017 playbook.
ETH dominance idea:
BTC dominance idea:
ETH dominance fractal vs band:
If this fractal plays out, it means the defi party continues, while the majors trade sideways or even go down.
