Joseph_King

ETH Elliott Wave Idea Relief rally (wave 4) in the crypto market is possible, with ETH, potentially the 0.236 or 0.382 extension before a new low to the $500-$700 area.

ETH Elliott Wave Idea Possible wave 5 coming up next after hitting the 0.236 extensionComment: 0.236 retracement*

ETH Elliott Wave Idea Follow up on below idea: Waiting for the MACD to print a positive that could indicate that wave 4 is complete before the final leg down towards $800

ETH Elliott Wave Idea Possibly a correction coming for ETH before a final leg down. This is based on the MACD 4C where each corrective wave has caused the MACD to go positive; the next wave 4 should produce a positive MACD before another leg down producing a lower high on the histogram as confirmation of the end of wave 5.

Alt Coin Triangles Triangles in Elliott Wave Theory indicate a 4th or B wave depending on the direction of price action or the the structure (impulsive/corrective)...what's good about triangles is that they almost always indicate that a final leg is imminent, e.g. a 4th wave triangle means the 5th and final wave is next, a B wave triangle means the final C wave correction is next. Almost all alt coins, ETH, SOL, AVAX, etc, etc, have just printed a triangle of some sort and then proceeded to fall downwards out of the triangle pattern , ETH specifically printed a triangle and final leg down back in June 2021 (exactly one year ago coincidentally). Is the bottom in for alt coins? ETH hit the 0.382 extension and there is bullish divergence on RSI ...it could be the final leg for this bearish drive from the ATH.

ETH Elliott Wave Idea An idea on ETH that the recent low at $1700 might be the bottom for now after completed an ABC (as part of a larger WXY). 1. B wave hit the 0.382 retracement level exactly 2. 5 waves down within C wave that match the MACD histogram 3. Bullish divergence on the 5th wave There is an alternative 5 wave pattern posted in below screenshot where wave B is wave 2:

Bitcoin Elliott Wave Idea An follow up on a previous idea below: I previously theorized that there would be an impulsive wave to a new all time high, which did happen, but what occurred afterwards didn't fit the rest of my idea. I believe now that Bitcoin is in the middle of large corrective pattern as part of a wave 2 that could eventually end at the 0.618 level at $24,000, but not before a surge upwards...

Bitcoin Elliott Wave Idea Follow up on the below idea where I guesstimated that there might be a 5th wave, however, it looks as though an ABC correction has completed as part of a bigger corrective pattern... BTC could make new lows soon towards $22-24,000. Invalidation for this idea would be a break above the recent high at $32,375

Bitcoin Elliott Wave Idea Looks like BTC has either completed an ABC correction or in the process of completing wave 4 in a 5 wave impulsive move. Invalidation point for the 5 wave move is $29,738 (wave 4 crossing wave 1).

Bitcoin EMA200/RSI Looking back over the history of BTC when price hits the EMA200 several things have happened: 1. 2018 *BTC hit $3122 *The RSI bottomed out and started to cross upwards *Price danced around the EMA200 *The $3122 low was never broken after that point *Price increased 2. 2020 *BTC hit $3850 *The RSI bottomed out and started to cross upwards *A "V-Shape" recovery happened after hitting the EMA200 *The $3850 low was never broken after that point *Price increased Here we are in 2022 *Price hit $25,401 *The RSI has bottomed out and has crossed upwards *Price has hit the EMA200 and is recovering Will we see a "V-Shape" recovery or will the price dance around the EMA200 for a period of time? Will the $25,401 low be broken? Based on history I would guess that $25,401 is the bottom for this cycle