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Crypto market faces deeper and complex correction [Video]

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.

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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.

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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.

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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.


Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.


Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Gregor Horvat

Wavetraders

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

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