Crypto Total Market Cap Excluding BTC and ETH, $CRYPTOCAP
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In a previous idea i've compared eth price with what btc did in may- aug 2017. TOTAL3 (crypto m. cap excluding btc and eth) looks even more similar than eth does. We see clear initial fall in the summer, then barely setting new highs, before turning down, heading into the lows, maybe go even lower a bit. We should expect HUGE reversal to the upside. This is because one vital element is missing here. We haven't altseason for nearly 80% of all the altcoins. Many of which haven't even rally 1/3 of what they did in a previous cycle, even though they are listed on all major exchanges, and have a use case. (XRP, DASH, EOS, XMR, ZEC, IOTA...)
I expect one final flush to come, then euphoria...
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
@gadgetsfan, eth has invalidated its fractal, so it should confirm that when it bottoms it will only be a local bottom where it only goes into an abc retracement. For an altseason, lets hope TOTAL3 hold current lows.
CR35
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@CR35, at this point it is hard to say what can happen .. for now, lets hope Dow Jones holds 29600 level ... if it goes below that we could be entering a big depression.. not recession, but depression,.. something like in 1929...
Ysylarcfff1
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looks like a break of the support line
CR35
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@Ysylarcfff1 this can happen... price can dip just a bit lower to grab liquidity, the fires back up