CRYPTO-CAP, GIGANTIC Ascending-Triangle CONFIRMS!

3 de dez. de 2021

Hello,

Welcome to this analysis about the TOTAL CRYPTO MARKET-CAP and the 2-day timeframe perspectives. In recent times Bitcoin already made some great developments and managed to initiate this main broadening-wedge-formation that has the ability to complete in the upcoming times. In this market environment now I discovered that actually, the total crypto-cap is forming a highly important formation as well especially as it already made a new all-time-high this formation can approve worthwhile in the aftermath. In this case, I am looking at all the important levels, structural formations, and upcoming determinations we need to consider, also in relation to Bitcoin and Ethereum which are important drivers in this whole market by market-cap.

As when looking at my chart we can watch there that the Total-Crypto-Market-Cap-Excluding-Bitcoin has moved on to form this massive ascending-triangle-formation with the coherent wave-count in the formation and the waves A to D almost already completed. With the ending of the wave-D the Crypto-Cap bounced within the lower boundary of the triangle and from there on formed the breakout above the upper-boundary and continued with the wave-E in the structure, above the upper-boundary the Crypto-Cap is now moving on with this symmetrical Confirmation-Triangle-Formation marked in red in my chart, this triangle-formation is confirming the whole breakout and builds the origin-setup for further determinations and the wave-count upcoming.

Taking all these factors into the consideration the Crypto-Cap is forming a great constellation from where a continuation to the upside is very likely. Therefore in this current structure, the Crypto-Cap is likely to proceed with the wave-E-extension as it is shown in my chart. Overall the Crypto-Cap with this formation activated the target-zone at the 3.15 level marked in my chart in blue, there is a high potential given that this target-zone will be reached as fundamentals also showing positively for the whole cryptocurrency market establishment. Especially with this formational structure-specific altcoin in the market are interesting to consider and the extra gains that can be made in these cases, we will see how it moves on, it will be an interesting journey.

In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
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Information provided is only educational and should not be used to take action in the markets.