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Let's analyse the Altcoin market cap (excluding BTC):
The TOTAL2 is showing a textbook Elliott Wave structure, and we might just be at the most exciting juncture yet — the potential beginning of Wave (5).
Elliott Wave Count:
Wave (1): The 2017 altseason explosion.
Wave (2): 2018–2019 crypto winter correction.
Wave (3): Massive 2020–2021 altcoin supercycle.
Wave (4): Prolonged sideways-to-down correction (2022–2025).
Now, price has pulled back to the channel support and appears to be respecting both the lower trendline and the 200-week MA, indicating that Wave (4) may be complete.
Technical Confluence:
Price respecting the long-term ascending channel.
Retested and holding the 200-week moving average.
Support from mid-2022 and mid-2023 ranges is still intact.
Potential higher low formation, typical for Wave (4) setups.
What to Expect if Wave (5) Begins:
Wave (5) could take TOTAL2 towards the upper boundary of the channel, potentially targeting the $6–6.5T region.
Historically, Wave (5) tends to be impulsive but less aggressive than Wave (3), offering strategic mid-to-long-term opportunities.
A breakdown below the trendline + 200-week MA would invalidate this scenario and signal a deeper downside.
Watch for confirmation with volume and weekly candle closes above recent swing highs.
Conclusion:
Altcoins are showing early signs of strength after a multi-year correction phase. If this Elliott structure holds, we could be entering the final macro bullish wave — one that historically has rewarded patient positioning.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse the Altcoin market cap (excluding BTC):
The TOTAL2 is showing a textbook Elliott Wave structure, and we might just be at the most exciting juncture yet — the potential beginning of Wave (5).
Elliott Wave Count:
Wave (1): The 2017 altseason explosion.
Wave (2): 2018–2019 crypto winter correction.
Wave (3): Massive 2020–2021 altcoin supercycle.
Wave (4): Prolonged sideways-to-down correction (2022–2025).
Now, price has pulled back to the channel support and appears to be respecting both the lower trendline and the 200-week MA, indicating that Wave (4) may be complete.
Technical Confluence:
Price respecting the long-term ascending channel.
Retested and holding the 200-week moving average.
Support from mid-2022 and mid-2023 ranges is still intact.
Potential higher low formation, typical for Wave (4) setups.
What to Expect if Wave (5) Begins:
Wave (5) could take TOTAL2 towards the upper boundary of the channel, potentially targeting the $6–6.5T region.
Historically, Wave (5) tends to be impulsive but less aggressive than Wave (3), offering strategic mid-to-long-term opportunities.
A breakdown below the trendline + 200-week MA would invalidate this scenario and signal a deeper downside.
Watch for confirmation with volume and weekly candle closes above recent swing highs.
Conclusion:
Altcoins are showing early signs of strength after a multi-year correction phase. If this Elliott structure holds, we could be entering the final macro bullish wave — one that historically has rewarded patient positioning.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.