Hello Crypto traders, today we will talk about cryptocurrencies and its Crypto total market cap chart. We actually see it finishing interesting and important development from technical point of view and from Elliott wave perspective.
Crypto market chart retested the intraday lows over the weekend. But, we still see it finishing a five-wave cycle within wave 5 of a higher degree wave »C«. So, watch out for a bullish reversal soon, especially if we consider strong weekly support zone at 2017 highs with same wavelength A=C. However, we still need to see an intraday five-wave rally back to 1.0T level to confirm low in place and potentially bullish reversal.
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