Looking at the Total Market Cap from the Fib perspective drawn from 2017 ATH to the cycle's ATL, and its historical performance it is clear that the 4.236 Level has been reached. What does this translate to?
1) Bitcoin will attempt to breach its 4.236 north of $72k as shared in the link below taking the Total MArket Cap north of 4.236 Fib Level.
2) Alts shall rally along, but the Alts Season will be triggered as Bitcoin falls from its new ATH. This is to be determined/tweaked on the Total Market Cap 2 & 3 (without BTC & w/out ETH)
3) my exit strategy for new Alts (that didn't exist in previous market cycles, for example ANKR) will be at 2.618 level drawn from 2021 ATH to 2021 ATL considering AVAX as an indicator.
4) my exit strategy for Dinosaur Alts (that existed in previous market cycles) will be at 3.618 to be on the safe side. Of course there'l always early boomers (historically it was BCH in Q4 2017 for example) and late boomers (historically it was XRP in Q1 2018 followed by EOS in Q2 2018 for example)
Whether this will play out accordingly or not, that remains to be seen. But high volatility would be the key in the coming days/weeks.
1) Bitcoin will attempt to breach its 4.236 north of $72k as shared in the link below taking the Total MArket Cap north of 4.236 Fib Level.
2) Alts shall rally along, but the Alts Season will be triggered as Bitcoin falls from its new ATH. This is to be determined/tweaked on the Total Market Cap 2 & 3 (without BTC & w/out ETH)
3) my exit strategy for new Alts (that didn't exist in previous market cycles, for example ANKR) will be at 2.618 level drawn from 2021 ATH to 2021 ATL considering AVAX as an indicator.
4) my exit strategy for Dinosaur Alts (that existed in previous market cycles) will be at 3.618 to be on the safe side. Of course there'l always early boomers (historically it was BCH in Q4 2017 for example) and late boomers (historically it was XRP in Q1 2018 followed by EOS in Q2 2018 for example)
Whether this will play out accordingly or not, that remains to be seen. But high volatility would be the key in the coming days/weeks.
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