Market Today is Very Similar to Feb/Mar 2018

1. In both cases, the market is coming off of an amazing alt run (Dec/Jan 2018 and Jan/May 2021).
   
2. In both cases, the BTC dominance is crawling back up from around 40% level.
3. In both cases, BTC has dropped around 50% from its ATH level (20K to 8-11K versus 64K to 30-40K level).
4. In both cases, there is around 30% range of BTC volatility in what I dub the trader's market (8-11K in 2018 versus 30-40K range here).
5. In both cases, there are roughly equal number of bear market deniers and proponents.

If history repeats itself, this triangle will eventually break downward as we settled into the dreaded 6-7K range in 2018. The volatility was gone and people began to lose interest. After that, we had the BCH fiasco which moved the price to 3-4K. That was a legit FUD and I don't think something like that will happen this time around. However, I can see it dropping to 20-24K range in the next few months and staying there for a while.