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.
