The Wave Report #20 - The final phase of the cycle

Reading time: 5 minutes

September is behind us, and the market just delivered a powerful signal: Every major monthly close was bullish.

BTC held support on its key trendline. TOTAL2 flipped resistance into support. TOTAL3 confirmed its breakout. OTHERS are still lagging, but lining up.

This isn’t random noise, it’s the story of rotation. First large caps. Then mid caps. Then small caps.

Let’s break it down.

1. Bitcoin – BTC gearing up for final leg

Bitcoin held support right where it had to: the trendline that’s been in place since the 2022 cycle bottom. This level has been the backbone of the entire uptrend, and September’s monthly close was crucial.

Why?
If BTC had closed below that trendline, the risk of an early cycle top would have increased. Instead, BTC respected support and closed back above keeping the structure intact and our hopes alive for the final leg higher in this cycle.

The message from the chart is clear: as long as BTC defends this rising base, the door is wide open for another explosive move before the bear market eventually takes over.

📊 Seasonality adds fuel: Whenever September has closed green, October has always been green as well. Historically, October’s returns have been stronger than September’s when September was green. Even more, a green September often sets off two or three consecutive green months that follow.

👉 Structure + seasonality = a powerful combination. If BTC breaks the 120K resistance, history suggests the move won’t be a small breakout. It could be the final explosive rally of this cycle before the bear market begins.

2. TOTAL2 – Resistance becomes support

TOTAL2 (crypto market cap excluding BTC) tells us how the altcoin market is shaping up. And September gave us the confirmation we needed.

After years of pressing against the old resistance from 2021, TOTAL2 finally broke above and last month it successfully flipped that level into support.

That’s not just bullish. That’s a structural shift.

The RSI broke its long-term downtrend and momentum is heating up.

History shows that once alts flip a resistance of this scale into support, the next move tends to be fast and aggressive.

3. TOTAL3 – Breakout, time for confirmation

TOTAL3 (crypto market cap excluding BTC and ETH) gives us a closer look at the true altcoin field.

Here the picture is even clearer:

• September gave us the breakout candle.

• October can now become the confirmation candle.

The RSI broke out, momentum is pushing higher, and the structure looks primed. Once BTC clears its own resistance, TOTAL3 is likely to accelerate even harder.

This is where the rotation story becomes visible: large caps lead, then mid caps follow.

4. OTHERS – Small caps will follow

Finally, OTHERS (crypto market cap excluding the top 10) are still lagging.

But don’t let that fool you. Small caps are always the last to move. Historically, they sit quiet during the large-cap rally, then catch fire once the market cycle is in its final stage.

Right now, OTHERS are still suppressed beneath resistance, but RSI is coiling tighter and tighter, just like a spring ready to release.

Once they break, expect parabolic moves. This is the rotation completing its cycle:
Large caps → Mid caps → Small caps.

📊 Zooming out to the OTHERS/BTC chart makes the setup even clearer:

The OTHERS/BTC pair has just broken out of a multi-year downtrend, the same setup that preceded the explosive altseason in 2021.

The MACD cross on the monthly confirms momentum is shifting back in favor of alts.

RSI has finally broken its long-term downtrend: a textbook reversal signal.

Every cycle, the same sequence plays out: BTC leads → ETH/mid caps follow → OTHERS go parabolic last. We’re standing right at the edge of that final rotation.

5. Closing thoughts

The September close didn’t just give us green candles.
It gave us a roadmap.

Bitcoin defended its backbone trendline.
Large caps flipped resistance into support.
Mid caps confirmed their breakout.
Small caps are coiling, waiting for ignition.

Every piece of the puzzle is falling into place.

This is how rotations are born.
This is how cycles reach their climax.

👉 First large caps. Then mid caps. Then small caps.

We’ve seen it before. We’re seeing it again.
The market is whispering the same story it always tells before the final, explosive leg higher.

The only question left:
Are you positioned to ride the rotation…
or will you watch it from the sidelines?

And here’s the key: entering is the easy part. Exiting correctly is what separates those who walk away with life-changing gains… from those who round-trip their profits back to zero.

That’s why, this month, I’ll release my full Exit Strategy Blueprint. My complete Bitcoin and Altcoin take-profit framework, refined and taken to the next level.

This isn’t theory. It’s the exact system I use to secure profits. If you’ve ever wondered “When should I sell?” → this Blueprint gives the answer. Stay tuned!

— CrypFlow