TOTAL Crypto market cap - New rising wedge on the weekly chart!
- 2023 is going to be a very bullish year for crypto in my opinion!
- I believe we can reach a market cap of 6-7 trillion dollars by December 2023.
- Most likely, you have never seen this rising wedge elsewhere, because it's a brand new pattern on the weekly scale (LOG).
- 200 moving average is considered a strong support by huge institutions and hedge funds, and the bulls successfully defended this area.
- As per my Elliott Wave analysis, the ABC correction has been completed on the macro scale, and now we are ready for another bull market.
- We have a tremendous confluence to buy cryptocurrencies at this moment, as you can see on the chart.
- I expect massive gains for selected altcoins. You can find them in the related section down below.
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