Very Similar Fractal Playing Out

I rarely look at fractal patterns, but the similarity of the pattern here on the Total2 chart is uncanny. The thought here is that we've completed wave one-three and are in the process of completing the fourth. That means there is a possibility of a fifth wave. Looking at the extension of wave three, I'd be pretty confident to say it will be the extended wave. so, if people would rather be buyers again instead of sellers, we could be looking at a significant increase in alt-market cap.

Where it could go is anyone's guess.
If I were to hazard a guess, I'll go with a 0.60 extension of waves one-three.
Looking at some alt-charts, I think the days of being bearish are coming to an end
The question of when is the challenging one and one I don't hold the answer to.

This post may not age well and is a purely speculative insight to one of the many, many possibilities.

Kommentera:

On track moving along nicely. Ideally we get a breakout within the next 2-3 months. Bullish alts for now.