Market Cap - Was the last bull run unique?If the last bull run was unique I pose the question why are we seeing similar patterns? (within circle)
With an impressive 452846.26% increase to reach the Top of the fib channel
Will this occur again? The TOTAL market cap would be incredibly high if so
I have my doubts but this is cryptocurrency, to reach the top again another massive move is implied, we will see I guess.
A very optimistic scenario.
Totalcap
Market Cap - Sell pointSell point suggests 1 December 2021 to be optimal if this channel holds true
66 Degree angle ascension Is present within last bull run and proceeding bull run
I think I will be selling around this area, market may stay up till June 2022 as suggested by my previous chart
Bull run in effect
MCAP Another view(b) is a Head and shoulders view, with a left shoulder and a head already formed, expecting a rejection at the next Gann line
(a) suggests price will smash through the next line, as it did previously with the same structure
(b) is a bearish short term view
(a) is a strong bullish view
This is the altcoin marketcap
In the chart above i show where the altcoin market may extend to, June 2022
TOTALMCAP looks bullish 1H, 4HOpen moving averages is when they are structured in this order, descending - 50, 100, 200 MA
During these periods of time bullish activity is often highly favored
A few golden crosses can also be identified on TOTAL2
I still think the TOTALMCAP is extremely bullish throughout 2021
Where is the TOP for the market? Using Fibonacci time and identifying base structures we can use this tool to identify when the next top will be
0.618 was favored in the last bull run as a top point and will likely be favored again
This top aligns with June 2022, so we have a lot of the bull run left
I haven't assigned a top point because this could absolutely m00n, and just knowing the time is enough imo
I have done a lot of research into TOTAL2, here is some of my previous ideas
Evaluating the Bullruns StrengthIt can be seen within the present bull run that BTC is outperforming ALTS (Aggressive Alligator Spread)
While in the previous bull run ALTS outperformed BTC to a degree (Aggressive Alligator Spread)
What is the cause for this changed?
Possibly the introduction of larger institutions entering into Bitcoin, but something tells me its the saturation of the altcoin market that has allowed for this to occur. More altcoins = dispersed opportunity.
Comment your thoughts below,
I'll link the Alligator indicator below for you guys :D