Crypto Total Market Cap, Excluding Bitcoin (without bitcoin ) shows pretty well how is it going with altcoins.
Fibs pulled from Dec 2018 to June 2019 we can see the retracements.
We have tested the golden ratio once (0.618 fib) which held that time. We are testing it again.
If 0.618 holds this second time aswell, this is looking good from bullish perspective and we might be testing the highs again!
If that doesn't hold, I'm getting more bearish and my next target is 0.786 fib.
Fibs pulled from Dec 2018 to June 2019 we can see the retracements.
We have tested the golden ratio once (0.618 fib) which held that time. We are testing it again.
If 0.618 holds this second time aswell, this is looking good from bullish perspective and we might be testing the highs again!
If that doesn't hold, I'm getting more bearish and my next target is 0.786 fib.
