Are We Topping or Just Starting a Wave 3 Extension?
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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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.