#BullishIPO
Important Question:
Will the effect of alternative currencies be like the past?
The chart answers..
The chart is composed of the market value of currencies without BTC - ETH against the dollar divided by Bitcoin.
The indicator in each cycle experiences a quick jump peaking in August and then drops sharply, announcing the end of Bitcoin's dominance over other currencies.
Currently, if the indicator rises from here to level 1 at the red without completing the correction to the green, it means that the alternative currency season will be less effective than previous seasons.
It must repeat the scenario by rising to the resistance line set in August, and it will face a strong rise in currencies during the next two weeks of August, and we will all notice it, but it will not be the strong surge required; rather, it will be the last and strongest wave after September for all market currencies.
This balances with Ethereum breaking its peak of 4860$ and recording a historical figure, and it will interact with the currencies, becoming a trap for speculators because it will return to correction throughout September.
