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Good morning, Crypto traders! We talked about the Crypto market last week on July 21, and it's moving nicely as expected. Click here.

As anticipated, the Crypto TOTAL market cap chart completed a projected corrective pullback as an abc irregular flat pattern in wave 4, and it's now nicely continuing higher for wave 5. We see room for more upside this week up to 4.0T - 4.1T area, or maybe even higher if ALTcoins extend the rally during the mentioned ALTseason.
 

Crypto TOTAL 4H Chart
 

Regarding dominance, Bitcoin Dominance(BTC.D) keeps falling within wave A as expected and it can be now trading in subwave »v« of A down to 60%-59%.
 

BTC.D Daily Chart
 

As a result, ALTcoin dominance(OTHERS.D) is waking up in an impulsive fashion, and it can be trading in wave (5). So ALTcoins are currently stronger and they can extend even higher this week, as Crypto TOTAL market cap chart is attacking 4T area.
 

OTHERS.D 4H Chart
 

Bitcoin with ticker BTCUSD made slightly bigger correction due to ALTcoin dominance, but it sharply bounced on the intraday basis after we spotted wave »c« of an abc correction in wave 4. Now that is back above channel resistance line and 119500k bullish confirmation level, it's probably in wave 5 that can extend the rally towards 125k-130k area or higher, just watch out on short-term pullbacks.
 

BTCUSD 2H Chart 
 

For a detailed view and more analysis like this, join our live webinar today on Monday July 28 @ 15.00CET. Click here.

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