Altcoin Market - Alt Season Paused - What now?Everything is bleeding. The world is ending.
Facts:
1. Many alts are still up significantly from their yearly lows.
2. Many alts had massive runs and you should have taken some profit.
If you take into account principles in trading and technical analysis, you'll allow yourself to remove all the emotion and keep a steady eye on the bigger picture which is what I aim to do here. I'm using basically two tools in this video:
1. Fibonacci - in a reverse fashion, measuring a bear market to determine where the next bul market can go. It worked fairly well for the last bear/bull cycle, so I am applying the same principle for this same bear/bull cycle - giving me a target (conservative) at 1.56T - an aggressive target would be ~1.91T but that is not my primary target.
2. Trend-Based Fibonacci Extension - I measured a few different pivots in the 2023/2024 cycle to determine some upside targets and I kept arriving at 1.48-1.57T as targets for extended moves.
Are there targets beyond that? Absolutely. Am I ready to share those now? Not unless I want a repeat of the ridicule I faced for suggesting that BTC would break out of the 60k region just a few weeks back. I’m not here to chase every micro move in crypto. My focus is on the broader bull cycle we’re riding, and my goal is to make the most of it.
For those genuinely curious and willing to decode and have a little fun, here’s a ciphered message using the Caesar cipher (shift of 9) to get the ultimate TOTAL3 market cap target:
"Mdq wkh pdmru wdujhw lv irxu dqg d kdio wuloolvq grooduv."
