Crypto Market Cap Cycle Peak 2022 10.3T
This analysis will be taking a look at the total crypto market cap "excluding Bitcoin".
The Alt coin market topped out at 1.5 Trillion Dollars before crashing down to about 700 billion and I do think there is still more downside to go with a fairly long consolidation in play. The question is where do we bottom at the previous all time high 534 Billion Dollars or the 0.382 Fb at 379 Billion Dollars.
If the Alt coin market did retrace to the 0.382 Fib, that could mean we would see ETH under 1500 and LINK at 10 dollars. Recovery could start around September 2021 and peak in May 2022 at 10.3 Trillion Dollars.
Important Points :
Fibonacci Time Zone = Week of May 16th 2022
Fibonacci Spiral crossover point = September 2021
Red trend/resistance line coming in from 2015
The Recovery timeframe is in line with the Bitcoin recovery , take a look at my previous TA
The Alt coin market topped out at 1.5 Trillion Dollars before crashing down to about 700 billion and I do think there is still more downside to go with a fairly long consolidation in play. The question is where do we bottom at the previous all time high 534 Billion Dollars or the 0.382 Fb at 379 Billion Dollars.
If the Alt coin market did retrace to the 0.382 Fib, that could mean we would see ETH under 1500 and LINK at 10 dollars. Recovery could start around September 2021 and peak in May 2022 at 10.3 Trillion Dollars.
Important Points :
Fibonacci Time Zone = Week of May 16th 2022
Fibonacci Spiral crossover point = September 2021
Red trend/resistance line coming in from 2015
The Recovery timeframe is in line with the Bitcoin recovery , take a look at my previous TA
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