Altcoin marketcap overview excluding ETH and stables
Hi all,
We are in the very critical area in technical perspective and waiting for FED's rate decision today.
It's important to identify the risks and opportunities and create different scenarios.
Let's start with a good scenario. If we keep the momentum and proceed to go up, I think it's very probable to go up till the immediate resistance area (60-70% increase) and this would give a good sell opportunity or converting altcoins into BTC. I do not plan to sell more than 30% of my altcoin portfolio as I'm a crypto maximalist and hoping to see even much higher values. I keep in mind that the best case scenario would be to reach the big target area which is almost 15x from here.
For the negative scenario, I would expect to see most likely support area which means roughly 50% reduction from here. Considering the momentum now I don't expect but if the market gets negative, this scenario would be on the table.
For the worst case scenario, I would expect to go down till 75-90billion which means 65-70% reduction from here.
It's non sense to make estimations if we go up or go down. Nobody knows about it. Be ready for 2 sided price actions and create strategies accordingly.
These are not financial advise. Please do your own analysis.
Cheers!!!
We are in the very critical area in technical perspective and waiting for FED's rate decision today.
It's important to identify the risks and opportunities and create different scenarios.
Let's start with a good scenario. If we keep the momentum and proceed to go up, I think it's very probable to go up till the immediate resistance area (60-70% increase) and this would give a good sell opportunity or converting altcoins into BTC. I do not plan to sell more than 30% of my altcoin portfolio as I'm a crypto maximalist and hoping to see even much higher values. I keep in mind that the best case scenario would be to reach the big target area which is almost 15x from here.
For the negative scenario, I would expect to see most likely support area which means roughly 50% reduction from here. Considering the momentum now I don't expect but if the market gets negative, this scenario would be on the table.
For the worst case scenario, I would expect to go down till 75-90billion which means 65-70% reduction from here.
It's non sense to make estimations if we go up or go down. Nobody knows about it. Be ready for 2 sided price actions and create strategies accordingly.
These are not financial advise. Please do your own analysis.
Cheers!!!