POO Coins are up 1.5X vs #BTC since June. HOW HIGH CAN THEY GO?
Updated
This chart is of the market cap of #Altcoins divided by the marketcap of #Bitcoin.
If this ratio is going UP
Shtcoins (to give them their colloqiual name)
are out performing the #1 #Crypto asset.
("there is NO 2nd best.. " M. Saylor)
Risk ON.
Aka Silly season.
If this ratio is going down.
Then S coins are underperforming BTC
Bear market... S coins getting wiped out.
.... Got it?
Good.
Throwing on a Fib extension
(please draw your own chart... I am not a Fibonnaci expert by any means)
We can speculate how high,
and how much they will outperform.
and the magnitude of gains left on the table
Take Your pick of the extension level.
Or retracement Level if you are a Bitcoin Maxi, and don't believe a new ATH will be made in this ratio...
Good Luck in your speculations.
If this ratio is going UP
Shtcoins (to give them their colloqiual name)
are out performing the #1 #Crypto asset.
("there is NO 2nd best.. " M. Saylor)
Risk ON.
Aka Silly season.
If this ratio is going down.
Then S coins are underperforming BTC
Bear market... S coins getting wiped out.
.... Got it?
Good.
Throwing on a Fib extension
(please draw your own chart... I am not a Fibonnaci expert by any means)
We can speculate how high,
and how much they will outperform.
and the magnitude of gains left on the table
Take Your pick of the extension level.
Or retracement Level if you are a Bitcoin Maxi, and don't believe a new ATH will be made in this ratio...
Good Luck in your speculations.
Trade active
Poo coins runningNote
maybe only 2.1X?
Trade active
NICE :)
Note
You have to believe and be Early to make big gains in the altcoins
either we are right on schedule
or due to take off a little early in the cycle.
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