TOTAL2 Elliott Wave BREAKOUT ALERT: Altseason Incoming? 🚀📈
Alright, folks—checking in on the TOTAL2 chart (total crypto market cap excluding Bitcoin) as of Sep 27, 2025. We're sitting at about 1.155T USD after a 6.93% dip.
I've been diving into Elliott Wave Theory here, and it's painting a pretty clear picture.
Quick primer: Elliot Wave ( EW ) is all about crowd psychology driving prices in repeating patterns—5-wave "impulses" for the main trend (usually up in bulls like this), followed by 3-wave "ABC" corrections to reset before the next leg.
Here's how I see it unfolding on this weekly chart:
The Big Rally (Impulse Waves 1-5): Kicked off from the 2022 bear bottom around 200B.
Wave 1: Strong startup climb to ~800B by mid-2023.
Wave 2: Quick zigzag pullback to ~500B—classic shallow correction.
Wave 3: The beast—explosive surge to ~1.4T in early 2024, longest and strongest as EW rules predict.
Wave 4: Flatter, sideways dip to ~800B mid-2024, alternating with Wave 2's sharpness.
Wave 5: Final push topping out at ~1.65T early 2025. Boom—full impulse complete, guided by that blue channel.
Now: The Correction (ABC in an Ascending Triangle): Post-peak, we've entered a 3-wave pullback inside a bullish ascending triangle (rising green support from the A low, flat resistance at ~1.64T, orange line squeezing it).
Wave A: Sharp drop to ~1T mid-2025.
Wave B: Bouncy rebound to ~1.5T.
Wave C: Ongoing downleg—right now midway, testing lower supports around 1T or below.
Where's it heading? I think we're wrapping up this Wave C correction in the next few weeks—could dip a bit more for a final shakeout.
But that ascending triangle screams bullish: Once we bottom and break above 1.64T resistance, expect a breakout thrusting us into the next impulse wave up.
Targets? Could hit 2T+ in a fresh altseason rally, especially if BTC chills and lets alts shine.
Risks: If we smash below the green support, correction drags on—watch out for that.
Stay vigilant, DYOR, and let's ride this wave! 📈
Thanks for reading my idea, let me know your thought !
If you want me to check on any trading pair let me know in the comments bellow and thanks for your support, this motivates me to do more.
Alright, folks—checking in on the TOTAL2 chart (total crypto market cap excluding Bitcoin) as of Sep 27, 2025. We're sitting at about 1.155T USD after a 6.93% dip.
I've been diving into Elliott Wave Theory here, and it's painting a pretty clear picture.
Quick primer: Elliot Wave ( EW ) is all about crowd psychology driving prices in repeating patterns—5-wave "impulses" for the main trend (usually up in bulls like this), followed by 3-wave "ABC" corrections to reset before the next leg.
Here's how I see it unfolding on this weekly chart:
The Big Rally (Impulse Waves 1-5): Kicked off from the 2022 bear bottom around 200B.
Wave 1: Strong startup climb to ~800B by mid-2023.
Wave 2: Quick zigzag pullback to ~500B—classic shallow correction.
Wave 3: The beast—explosive surge to ~1.4T in early 2024, longest and strongest as EW rules predict.
Wave 4: Flatter, sideways dip to ~800B mid-2024, alternating with Wave 2's sharpness.
Wave 5: Final push topping out at ~1.65T early 2025. Boom—full impulse complete, guided by that blue channel.
Now: The Correction (ABC in an Ascending Triangle): Post-peak, we've entered a 3-wave pullback inside a bullish ascending triangle (rising green support from the A low, flat resistance at ~1.64T, orange line squeezing it).
Wave A: Sharp drop to ~1T mid-2025.
Wave B: Bouncy rebound to ~1.5T.
Wave C: Ongoing downleg—right now midway, testing lower supports around 1T or below.
Where's it heading? I think we're wrapping up this Wave C correction in the next few weeks—could dip a bit more for a final shakeout.
But that ascending triangle screams bullish: Once we bottom and break above 1.64T resistance, expect a breakout thrusting us into the next impulse wave up.
Targets? Could hit 2T+ in a fresh altseason rally, especially if BTC chills and lets alts shine.
Risks: If we smash below the green support, correction drags on—watch out for that.
Stay vigilant, DYOR, and let's ride this wave! 📈
Thanks for reading my idea, let me know your thought !
If you want me to check on any trading pair let me know in the comments bellow and thanks for your support, this motivates me to do more.
All you need is a simple backtested strategy with it's indicator !
THE WORLD IS YOURS....
t.me/RobottoOG
THE WORLD IS YOURS....
t.me/RobottoOG
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
All you need is a simple backtested strategy with it's indicator !
THE WORLD IS YOURS....
t.me/RobottoOG
THE WORLD IS YOURS....
t.me/RobottoOG
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.