Altcoin MarketCap - Consolidating Before the Ride!
On the chart you can see a Pure Capitazation of Altcoins - Crypto Market Cap Excluding Bitcoin, Ethereum and ALL Stablecoins.
There was formed a very clear model that has all chances of repeating once again:
We are currently at the 4th stage, as you might have guessed. The consolidation can still take some time, up to a couple of months, since there are no specific time restrictions that invalidate the model.
However, this doesn't cancel the fact that the target is 1 by Fibo, namely $1.7T MarketCap of Altcoins, which is x2 from current points. I tend to believe holders deserve such a run.
There was formed a very clear model that has all chances of repeating once again:
- First goes a strong ascending movement from 0 to a bit higher than 0.618 Fibo lvls.
- Then there is a correction inside the descending channel/bull flag down to ~0.382 with one long shadow below that sets a 0 point for a new cycle.
- Breakout of a bull flag follows after.
- Final stage before the growth is consolidation in the range of 0.382 and 0.5 levels by Fibo.
- Pump.
We are currently at the 4th stage, as you might have guessed. The consolidation can still take some time, up to a couple of months, since there are no specific time restrictions that invalidate the model.
However, this doesn't cancel the fact that the target is 1 by Fibo, namely $1.7T MarketCap of Altcoins, which is x2 from current points. I tend to believe holders deserve such a run.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Klondike Official Links:
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Website:
klondikepro.com/
Public Telegram Channel:
t.me/CryptoKlondike
Twitter:
twitter.com/Robert_Klondike
Trade on Bybit with us:
partner.bybit.com/b/6694
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.