My previous idea was based on us being in a W formation but then I counted the levels and it seems we may be in the retrace from the level 2 drop. The next 3 months might see BTC and BTC Dominance in a down trend. That means we should see an increase in Total 2 (Market Cap excl BTC), and Total 3, (Market Cap excl ETH & BTC). Alts will outperform BTC so it may prove profitable to analyze BTC pairs as well as USDT. I think we might even see a flippening as ETH is showing great strength compared to BTC.
Any feedback is greatly appreciated!
Any feedback is greatly appreciated!