TradingView
AschraM
Feb 24, 2021 6:53 PM

Total2 Idea 2 - 1 pump and back to 50% 

Crypto Total Market Cap Excluding BTC, $CRYPTOCAP

Description

This idea reflects we attempt to obtain a 1.618% fib jump but fail just above 127% with a correction in alts as far down as 50% in the marketman. This is a realistic scenario should BTC tank for fresh entries for a pump to 100K by 2024.

2023 has always been the year I expected the last bottom before a massive run up so I felt like I should include this with the prev. channel idea. As a channel tool is just a tool and does not hold price up. If the channel breaks....Down we go and alt season has ended..
Comments
ShockwavePulsar
Very nice chart setup, good risk analysis of both possible scenarios
More