The Great Setup
ByteFolio Issue 175;
Bitcoin’s ByteTrend Score remains at a 2. The price has turned up, and with the strong month of October just three weeks away, it is right to be bullish.
Bitcoin Bull Market
This chart has been doing the rounds on Trading View, showing the total market cap of the crypto universe less Bitcoin and Ethereum. The idea is that the $1.3 trillion market cap line is the overhead resistance, and when it breaks, it will have a set-up as good as gold and silver.
Crypto Market Cap – excluding BTC and ETH
It’s a good chart, and the setup is clear. And with October three weeks away, now is the time to get excited.
The portfolio has had few trades recently while we have held out on the most credible and profitable projects. Performance has been steady this year and would have been stronger had we embraced XRP. We didn’t because we didn’t rate the project and still don’t. Yet most of our holdings are doing very well and are ideally placed for the coming rally.
