Altcoins hit golden fib
Altcoins total3 (minus Eth stables) are pushing against the golden fib, my most important momentum indicator. A strong rejection here would lead to a drop of possibly 100 billion in market cap. This would form a VERY large cup and handle like we have seen on many digital assets including BTC/ETH and many strong alts.
- A full retrace is around 50% from here (this is what a golden fib indicates)
-With BTC breaching 70k, this altcoin movement will be much different than before
-We will reach at least 1.6 Trillion, but possible even 3 trillion or more with the amount of capital that is sidelined leading into this scenario
-In summary, I am short-term bearish, things need to cool off, long-term giga bullish
- A full retrace is around 50% from here (this is what a golden fib indicates)
-With BTC breaching 70k, this altcoin movement will be much different than before
-We will reach at least 1.6 Trillion, but possible even 3 trillion or more with the amount of capital that is sidelined leading into this scenario
-In summary, I am short-term bearish, things need to cool off, long-term giga bullish