From the look of things we might actually have a temporary market top for crypto currencies. Observing the wave pattern of the global marketcap we observe we either have a
1 - 1 - (i-ii-iii-iv-v)3 - 4 and are ready to head to the 5 OR we have completed the 5 wave structure
.
Bitcoin is now the leading indicator for the market. Should it crash We should expect a minor cryptocurrency bear market on the global scale to between 176 and 314 billion dollars.
We can also observe the head and shoulders pattern each component has been confirmed by the volume. An exit strategy would should be planned out for such a fall in the global market cap
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