Crypto market is coming even lower due to stock market decline and current risk-off flows, but wave structure still looks like a deep and complex correction within higher degree wave 4, where ideal support comes around 2.7T area.
www.wavetraders.com
Looking at the 4-hour chart, it can be actually trading in final stages of subwave Y of (Y) of a complex correction, so still be aware of stabilization and recovery this week.
www.wavetraders.com
If we take a look at Crypto TOTAL2 market cap which excludes Bitcoin, it looks in much better shape, so ALTcoins are holding up well still and TOTAL2 can be just finishing wave C of an ABC pullback in wave (2) before a bullish continuation within wave (3) of a five-wave bullish cycle.
www.wavetraders.com
For a detailed view and more analysis like this you may want to watch below our latest recording of a live webinar streamed yesterday on February 24 2025:
/Broadcom%20Inc%20logo%20on%20building-by%20Poetra_%20RH%20via%20Shutterstock.jpg)
/Nvidia%20logo%20on%20phone%20screen%20with%20stock%20chart%20by%20xalien%20via%20Shutterstock.jpg)
