Elliot Wave Analysis of the Total Crypto Market Cap.
We are at the moment at the 1st wave of the new Supercycle that began in 2021.
In this chart I zoom in and break down this first wave of the new bullish super cycle, into the five Elliot waves, that the crypto industry has been following.
The recent correction was part of the abc correction in accordance to Elliot Waves analysis. In my opinion, we are at the moment at wave B, and there will be a Wave C which will push the prices even lower. Maybe a new FUD propaganda from Elon or from central Banks? Who knows.
The important thing is to be prepared for a new correction and have some capital ready to buy the dip.. It will be one of your last opportunities to buy cheap your favorite cryptos.
Let me know what do you think about it in the comments. I would love to read your opinion about it.
All the best and wish you good and profitable trades.
In this chart I zoom in and break down this first wave of the new bullish super cycle, into the five Elliot waves, that the crypto industry has been following.
The recent correction was part of the abc correction in accordance to Elliot Waves analysis. In my opinion, we are at the moment at wave B, and there will be a Wave C which will push the prices even lower. Maybe a new FUD propaganda from Elon or from central Banks? Who knows.
The important thing is to be prepared for a new correction and have some capital ready to buy the dip.. It will be one of your last opportunities to buy cheap your favorite cryptos.
Let me know what do you think about it in the comments. I would love to read your opinion about it.
All the best and wish you good and profitable trades.