ALTCOINS - TOTAL3 Very Smiliar
Looking at TOTAL3 (Altcoins excluding Btc & Eth) we see something very similar to TOTAL2.
We had a double bottom (around $290B) which is EXACTLY our 0.236 of our macro Fibonnaci trend from the covid crash to the 2021 peak right around $1T. I have outlined all subsequent fibonnaci levels of this trend as well. We know this fib trend is valid as our 0.382 ($450B) became resistance before falling to the 0.236 as support. We have also caught bids for altcoins in our green box of support. This was the macro resistance of 2017 that buyers have been trying to defend as the new support region.
Also on our HV indicator, March & May marked volatility lows around the key 27 level. If altcoins are to stagnant more then a revisit of the 27 level would be when to expect that volatility to surge through altcoins across the board.
We had a double bottom (around $290B) which is EXACTLY our 0.236 of our macro Fibonnaci trend from the covid crash to the 2021 peak right around $1T. I have outlined all subsequent fibonnaci levels of this trend as well. We know this fib trend is valid as our 0.382 ($450B) became resistance before falling to the 0.236 as support. We have also caught bids for altcoins in our green box of support. This was the macro resistance of 2017 that buyers have been trying to defend as the new support region.
Also on our HV indicator, March & May marked volatility lows around the key 27 level. If altcoins are to stagnant more then a revisit of the 27 level would be when to expect that volatility to surge through altcoins across the board.