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TWO SCENARIOS FOR CRYPTO (Eruptions Market Report 8-30-24)

I didn't see anything that deserved a news spotlight this week.


The situation for crypto right now is very similar to the last cycle where BTC is printing top signals on some charts and is very close to printing top signals on other charts.


Last cycle the same thing occurred at $65k. BTC dumped to $29k and went on to make a weak new ATH while altcoins made huge returns.


Everything is ahead of schedule as well, and if my analysis is correct, we should see a left translated cycle with new ATHs for BTC and altcoins in Q4 of this year, maybe running into Q1 of 2025 before the next bear market begins.


Something has to give, however. I see two possible scenarios.




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