Stocks and Cryptos are still holding up well and in current risk-on sentiment, we may see more gains after current consolidation, especially if we consider that USdollar is turning bearish with room for more weakness.

NASDAQ100 4h Chart + Bitcoin Correlation

As you can see, stocks, specifically the technology sector Nasdaq 100 is still good despite an intraday slowdown on Friday last week, so we still believe it's pointing higher for wave 5 after current sideways bullish triangle pattern in wave 4. Due to a positive correlation, it can lift Bitcoin and ALTcoin friends higher, so as soon as Nasdaq 100 starts breaking above upper triangle line, this is when Crypto market can extend higher.

Crypto TOTAL 4H Chart

Looking at the Crypto TOTAL market cap chart, we still see a completed higher degree wave 4 correction that can now extend the rally within wave 5, which can be made by a lower degree five-wave bullish cycle.  

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