Crypto market faces deeper and complex correction [Video]

Gregor Horvat Wavetraders

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.

Crypto TOTAL daily chart

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.

Crypto TOTAL four-hour chart

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.

Crypto TOTAL2 four-hour chart

For a detailed view and more analysis like this, you may want watch below our latest recording of a live webinar streamed yesterday on February 24 2025.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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