Joseph_King

Joseph_King

Idea for BTC Could have or about to complete Wave 3 at $50,400 and a Wave 4 to follow before Wave 5 Invalidation would be around the $31,500 mark (Wave 4 crossing Wave 1)

Joseph_King

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.

Joseph_King Updated 

Possible wave 5 coming up next after hitting the 0.236 extension

Joseph_King

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

Joseph_King

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.

Joseph_King Updated 

The end is close in my opinion, with this recent new low the end of a WXY correction from the All Time Highs is imminent around the $16-$20 area we could see a reversal.

Joseph_King

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...

Joseph_King

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:

Joseph_King

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...

Joseph_King

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

Joseph_King

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).

Joseph_King

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...

Joseph_King

Tesla hit an important level last week at the 0.5 fib level as part of a correction. In my opinion it could be the end of a WXY correction or is mid way through a more complex WXYXZ correction that could see a leg down towards the 0.618 extension. It looks like buying Tesla at these levels will pay off handsomely...

Joseph_King

As per my other recent Crypro charts DOT appears to have on more leg down left. 1.272 extension for Y and 1:1 extension for C of Y of Y point to around the $4,50 to $6 area for reversal.

Joseph_King

Solana looks pretty easy to chart in terms of Elliott Wave, there are some very clear and easy to identify wave cycles. For me it looks like Solana has one last small leg down to the $19-$20 area to complete a WXYXZ corrective leg; after that we should see a nice push upwards.

Joseph_King

Hello, An idea that Bitcoin has one last small wave down to the $20,000-$22,000 to end a corrective sequence before possibly the next big impulsive move

Joseph_King

Update on this series of ideas on Bitcoin > Possibly wave 4 "Running Flat" correction that has so far halted at the 0.786 extension with divergence on RSI. If 40,000$ level fails to hold then the next stop may be the 1:1 extension at 32,000$

Joseph_King

Update to below idea Could be in the final stages of an ABC correction to around the $79 level before Wave Y starts towards $52 level.