TOTAL2 - Speculating ALTS Market's Capitalization TOP
Hypothesis on calling a mere speculation Top of Altcoin's Market Cap using the tools of Fibbonaci Circles on Logarithmic Scale in order to do so.
The Purple/Violet Fibbonnaci Circles are taken from the price inception to the Highs of April 2021, being well respected and flirted
by price as Strong Support-Resistance Zones and Pivotal Points changing Trends Direction .
As you can see from the Red triangle apex Breakout marked on dashed thick lines and drawn not on log.scale, a Fibbonaci Retracement is taken while it's 1.618 and 2.168 (Green Rectangle Zone) is confluencing with the intersection of 3 Fibbonaci Cirlces RED-ORANGE-BLUE(date vertical line), an intersection where the Purple Fibb Circle Plays an Important Role as Pivotal Point.
Potentially a Top being put there at the Purple Fibbonnaci Circle and somewhere in between of 1.618 and 2.618 Fibb' Retracement Rectangle Box taken from the Breakout.
Are you ready to get there well positioned on ALTS ?
TOTAL2 will get there, as long as it remains above 0.618 Golden Pocket of Fibbonacci Retracement, and as long it remains above the thick dashed white line acting as a strong support for the Bull Markt trend, being a huge Support for price since March 2020.
TRADE SAFE!
Note that this is not Financial Adivce but a mere speculation.
Please do your own Research before partaking on any trading Acitivites based upon this idea.
Know that out there is nobody that knows Tops and Bottoms, nor does anyone knows how candlesticks will move and print.
Beware of letting your emotions getting the best of you.
The Purple/Violet Fibbonnaci Circles are taken from the price inception to the Highs of April 2021, being well respected and flirted
by price as Strong Support-Resistance Zones and Pivotal Points changing Trends Direction .
As you can see from the Red triangle apex Breakout marked on dashed thick lines and drawn not on log.scale, a Fibbonaci Retracement is taken while it's 1.618 and 2.168 (Green Rectangle Zone) is confluencing with the intersection of 3 Fibbonaci Cirlces RED-ORANGE-BLUE(date vertical line), an intersection where the Purple Fibb Circle Plays an Important Role as Pivotal Point.
Potentially a Top being put there at the Purple Fibbonnaci Circle and somewhere in between of 1.618 and 2.618 Fibb' Retracement Rectangle Box taken from the Breakout.
Are you ready to get there well positioned on ALTS ?
TOTAL2 will get there, as long as it remains above 0.618 Golden Pocket of Fibbonacci Retracement, and as long it remains above the thick dashed white line acting as a strong support for the Bull Markt trend, being a huge Support for price since March 2020.
TRADE SAFE!
Note that this is not Financial Adivce but a mere speculation.
Please do your own Research before partaking on any trading Acitivites based upon this idea.
Know that out there is nobody that knows Tops and Bottoms, nor does anyone knows how candlesticks will move and print.
Beware of letting your emotions getting the best of you.
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