ALTcoins May Face Further Rally

ALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2, watch out on further rally into wave 3 of a five-wave bullish cylce.

 

TOTAL3, 2H Chart

(Click on image to enlarge)

total3

It's something similar with OTHERS crypto market cap chart, which excludes top 10 cryptocurrencies, so even small caps can see more gains. We can actually see a completed A-B-C flat correction in wave (4), which can now send the price back to highs for wave (5) within a five-wave bullish cycle of the lower degree, just be aware of that wave 2 pullback.

 

OTHERS, 2H Chart

(Click on image to enlarge)

others4h


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 For more analysis visit us at www.wavetraders.com and make sure to follow us on Twitter (https://twitter.com/GregaHorvatFX) 

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