ZOOM IN view for #ALTS marketcap…
first of all there’s no bear market going to happen because everyone is expecting it…
now lets continue to our full clean breakdown for #ALTS topic…
if we use elliot wave theory on “OTHERS” (#Alts MARKETCAP CHART)
then we can see…
its in a wave 2 ABC correction since dec 2024 top….
where A wave correction completed 18 weeks…
then it bounced B wave….
and after that its in a C wave…
so everyone asking like when and where the C wave will complete…
so there are 2 probabilities…
first probability - C wave is already done when it crashed in october… and october’s wick was lower then A wave…. (the reason why i’m holding half capital in #ALTCOINS..)
2nd probability- C wave is following filling the wick scenario… what can complete around 0.618 - 0.65 fib zone (143B - 134B zone)… (the reason why i’m holding half money side)
why 0.618 - 0.65 fib levels because?
because they are golden pocket zones for macro reversals… and ideal zone for Wave 2 (ABC correction completion)… and its also #ALTCOINS marketcap’s macro long term channel’s bottom…
here’s a timeline like when i expecting to C wave correction should be completed for #ALTCOINS MARKETCAP “OTHERS” ….
according to basics of ABC correction…👇🏻
wave A = wave C in correction length….
when i tried to copy and pasted the same length of WAVE A for measuring the downside target of “WAVE C” then i saw it was targeting 0.618 - 0,65 fib too…
and if we see the timeline then wave A completed its correction in 18 weeks…
so there is a big probability that Wave C (for macro bottom for #ALTCOINS) could be completed within 18 weeks same like wave A… whats pointing mid january… around 15 - 21 jan…
so expecting same scenario for now…
when the lower fib level hits = i’ll be all in…
people gonna cry really hard for missing the bottom this time too same like they do in every cycle… ✍️
