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Monday, September 7, 2020

Crypto market cap w/o btc Outlook

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:

Ethereum Dominance Outlook

BTC dominance idea:

Bitcoin Dominance Outlook

ETH dominance fractal vs band:

ETH.D v BAND Fractal

If this fractal plays out, it means the defi party continues, while the majors trade sideways or even go down.

from Trading Ideas
via gqrds

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