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Crypto Total Market Cap Excluding Top 10, $
Long

Wave4 is complete, here setup for wave5

By tepmoc
OTHERS setup very much same to TOTAL3 only difference is level of wave4 retracement - 0.62 compare to regular 0.5 on TOTAL3 that is more common for wave4. But consider that OTHERS consist more meme coins its no surprise it have deeper retrace. Both wave2 and wave4 completed same sized wave correction.

But even with such deep retrace its not overlapping with wave1, thus regular targets as 420B(1.272) or 515B(1.618) are what can be expected based on closed price projection. 1.272 provide reasonable projection and stay within monthly range, but consider fact this index of everything but top10 it can skew on extremes easily.

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And there more conservative/alternative way to calculate projection that give us zone of 400B-455B of interest.

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Timing wise, last 3 times crypto peaked around December plus minus month. But all previous bulls markets have 24-28 month cycle from lowest monthly bar of bear market. Thus making this December - 24 bar peak on low end and early spring on high end to reach it.
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Daily now is reference for this potential wave5 building. As long we don't stuck into 1:1 sized wave around 245-253 and go into projection level at 275 and above we should continue grind up until first divergences will start appear.
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Now its not looking good, as we stuck into 240B making almost same sized wave, as I warning against. This only can be saved if we just make another ABC into 191B. Liquidity is just not there, its traders trade against each other.
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Binance futures open interest (on top tickers) also showing lack of rising interest only stagnation.
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About to start trending down ABC+ABC maybe not happening here. As soon we see bars below green TDST line, it might considered break for new bear trend. And whole idea is invalid.
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Historically November December last month in bull market or bottom after 12 month bear market.
Elliott Wave
tepmoc

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