Brief rant before actual analysis:
If there is anything I'd like to get across from this chart, it's that using inverted charts in bear markets can be extremely helpful when it comes to analyzing wave patterns.
If you go to my recent ETP long idea, (although I didn't show my wave count on my inverted chart), but I was confident of the idea simply because there...
Left chart shows market cap of top 10 coins calculated using data from coinmarketcap.com from 28 July 2018
Percentages are share of the top 10 rankings.
Right chart is market cap of same coins calculated as if they all had the same circulating supply as Bitcoin (approx 17.1 million)
This makes it clear why it is absolutely pointless to compare the market cap of...
