Technical Analysis

ALTcoins May Resume Higher SoonApr 9, 2024

ALTcoins May Resume Higher Soon, as we see it finishing a corrective bullish triangle pattern by Elliott wave theory.

Cryptocurrencies slowed down after strong rally into wave 3 of an ongoing five-wave bullish impulse, so current sideways consolidation should be just a correction in wave 4.
BTC dominance is actually still here and Bitcoin can be already progressing wave 5, but that’s why ALTcoins are currently slower than BTC.
However, looking at the TOTAL2 Crypto market cap, which excludes Bitcoin, it looks like nice and clean bullish triangle pattern in wave 4 that can be coming to an end with final subwave (E).
So, soon be aware of a bullish resumption within higher degree wave 5 of III, which can push BTC and ALTcoin friends even higher.

ALTcoins May Resume Higher Soon TOTAL2 4H Chart
TOTAL2 4H Chart

We talked about cryptocurrencies in our latest live webinar streamed on April 08 2024. You can watch a recording below:

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Register here (Limited-Special 2 for 1 Offer available)

Commodities vs Inflation. Check our free chart here.


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.