Correction wave on Total Crypto Market Capacity.

After past month's Bearish Momentum, we can see Bulls trying to regain their spot.
As Elliot wave Analysis shows:
- Wave A starting from 2.87Trillion on 10 Nov. and ending at 1.93 trillion on 3 Dec.
- Wave B is in Progress in which we could see sub wave a and sub wave b Being terminated (ended) , and we are in progress of sub wave c (last sub wave of wave B) .
Sub wave C target is 2.56T area and 2.74T area.
If My Analysis is right, we could see a rejection at such levels area, which coincides with 61.8% and 78.6% Fibonacci levels of Impulsive Wave A
- Wave C (Last wave of correction) once it starts to progress, could find its target at 1.53Trillion level area, just before we start a new Bull cycle on Cypto Currencies where we would see ultimate new highs On BTC, Eth, etc...

Comment:

Summary:
We could see Bullish move to test 2.53trillion / 2.74trillion area.
- Possibility of seeing rejection on one of these areas.
- after rejection, we could see bearish Move to test 1.53Trillion area which we could see the end of correction and start a new bullish cycle

Comment:

since last update, we can see that price pushed to form a lower low, indicating the higher possibility of having further dip on crypto in the upcoming month.
but before that, we could probably see a test of 2.05 trillion price level area before we see bearish momentum in which market could test 1.50 trillion price level area.