TechDev Newsletter - Market Update Issue #15

How Fast Will We Move?

As our impulse continues, today I want to lay out the different paced moves I see playing out, given the various signals which have fired.

In my opinion it’s less a question of where we are going, and more of when we are getting there. Great spot to be in for the patient.

I’ll touch on the short-term picture, and then dive in to these paths, along with a latest look at ETH/BTC and its implications for the altcoin market.

Alt Targets

I’ve decided to move to market cap based extensions for the alt targets. Market cap data is incomplete for most tokens, so I will still use price data from the previous impulse to estimate the sub-target fibs. But, I will then take these and the macro targets from the market cap, such that it factors in any supply inflation during the correction.

I’ll be looking back through the previous targets to determine if any need significant adjustment using market cap extensions. If so, I’ll present them over the next 2 issues.

Top 4 from the latest poll were: MANA, VET, CRO, TRIAS.

As usual you’ll get to vote for the next 4 at the end.

Here are all previous targets:

• CRV, QNT, THETA, ENJ

• FET, SHIB, AAVE, FIL

• GRT, HBAR, DOGE, ALGO

• LINK, AVAX, FTM, XRP

• SOL, VRA, TEL, LTC

• ETH, ADA, MATIC, DOT

Today’s topics:

• Short-Term BTC Update

• “Slow” vs. “Fast” Macro Paths

• ETHBTC and Altcoins

• Long-Term Alt Targets (MANA, VET, CRO, TRIAS)