This might be another confirmation for the end of this downtrend. I found the total marketcap chart performed a classic wave 2 correction:

After a ZigZag (ABC) correction of 70% of the total marketcap, the chart is hinting at a trend reversal, and thus the next bullmarket.

The marketcap moving in waves? This guy is nuts... Stop talking BS bro...

I'll let everyone have their opinions. You know my standpoint.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, Hive account@ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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