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POO Coins are up 1.5X vs #BTC since June. HOW HIGH CAN THEY GO?
Crypto Total Market Cap Excluding Top 10, $
Long
POO Coins are up 1.5X vs #BTC since June. HOW HIGH CAN THEY GO?
By BallaJi
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Updated
Apr 15
3
Cheer
Cheer
Dec 16, 2023
This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin.
If this ratio is going UP
Sh
tcoins
(to give them their colloqiual name)
are out performing the #1 #Crypto asset.
("there is NO 2nd best.. " M. Saylor)
Risk ON.
Aka Silly season.
If this ratio is going down.
Then S coins are underperforming BTC
Bear market... S coins getting wiped out.
.... Got it?
Good.
Throwing on a Fib extension
(please draw your own chart... I am not a Fibonnaci expert by any means)
We can speculate how high,
and how much they will outperform.
and the magnitude of gains left on the table
Take Your pick of the extension level.
Or retracement Level if you are a Bitcoin Maxi, and don't believe a new ATH will be made in this ratio...
Good Luck in your speculations.
Dec 27, 2023
Trade active
Poo coins running
Mar 19
Comment
maybe only 2.1X?
Apr 15
Trade active
NICE :)
Aug 22
Comment
You have to believe and be Early to make big gains in the altcoins
either we are right on schedule
or due to take off a little early in the cycle.
4yearcycle
altcoins
ALTS
BTC
btcdominance
crypto
Fibonacci
Fundamental Analysis
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BallaJi
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