Crypto Total Market Cap Excluding Top 10 Dominance, %CRYPTOCAP
Description
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Hellllllllllllllo traderss!
Today I want to bring my thoughts about the current ALTCOIN crypto market.
This is WHY I THINK ALTCOINS WANNA PUMP :
After a globally known 2017 altaseason , the whole crypto market has been correcting all that big and insane movement. ALTS, had retraced from a 12,6% dominance (approx) to a 5% over the last years. which means a 61.8% fibonacci retracement (ABC)
Now, as you may know , the market is killing it. The ALT dominance is brushing the last ATH which is extremely positive.
Therefore, if we take a look on the technical analysis, using the fibonacci extension tool, and embracing the ellitot wave theory, we should see a new breakout of this ATH, estimating a new ATH between 15-22% on the next months.
Let's see how it develops.
See ya next chart!!
Comment
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ATH has been broken. Expect a rocket
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Dominance almost caught 15%. However not as we expected.
You can check my last BTC analysis to know how I expect the upcoming weeks