Looking at the Crypto Total Market Cap, we can already count five clear and well-defined impulsive waves following classic Elliott Wave structure (1-2-3-4-5).
However, this does not necessarily mean the top is in at 3.72T.
There’s still a valid possibility that we’re in an extended Wave (3), which could push prices even higher before any meaningful correction sets in.
The chart also shows the early stages of a potential (A)-(B)-(C) corrective structure, but at this stage, it's too early to confirm that scenario.
Right now, the best move is to stay patient and wait for structural confirmation before assuming either a final top or a continuation to new highs.
Let the market show its hand.
However, this does not necessarily mean the top is in at 3.72T.
There’s still a valid possibility that we’re in an extended Wave (3), which could push prices even higher before any meaningful correction sets in.
The chart also shows the early stages of a potential (A)-(B)-(C) corrective structure, but at this stage, it's too early to confirm that scenario.
Right now, the best move is to stay patient and wait for structural confirmation before assuming either a final top or a continuation to new highs.
Let the market show its hand.
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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.