Whilst the past week has presented little movement of note in Bitcoin, with the weekly range safely inside the previous week, large-cap altcoin have begun to show the signs of life expected of them at this stage of the market cycle; particularly concerning our thesis on EOS/ETH moving forward into Q4, but more on this later. In this week's Market Outlook, I shall be looking specifically at the Daily time-frame across Bitcoin, Ethereum and Monero, as usual, as well as EOS due to its significance as a sentiment gauge for the altcoin market.
Hello, and welcome to the 52nd Market Outlook. How on Earth has it been an entire year since I began publishing these each Sunday? Given the somewhat special occasion (and because I feel it's necessary, at present), I have opted for a different approach to this week's post. Though I will be covering the past week's price-action in Bitcoin and Ethereum, as usual, I have ignored Monero for the time being and instead thought to provide broader context on where we are in the market cycle, looking at Bitcoin Dominance, as well as EOS/ETH and its significance as a measure of health for altcoins.