Looks like a Cup & Handle is playing out on ETH just as it did on BTC which I shared months ago:
Update to this idea > Looks like the pull back to $91,000 was a wave 4, now moving up and over $100,000. If my count is correct there maybe another pull back for a larger degree wave 4 soon, around this $100,000-$110,000 level down to $90,000-$95,000 level, before another leg up.
If you look on crypto twitter you'll see lots of Elliott Wave techs calling this move from GETTEX:49K wave 5...for me, its too obvious, too many people seeing the same thing. What if the dip to GETTEX:49K was wave 2, not wave 4 and the move up since is part of a larger wave 3, not the end of wave 5? I think the key might be in the green box on my chart...it...
Is a cup and handle playing out in BTC? It appears to be exactly as Thomas Bulkowski wrote about
Looks like ETH is printing an Adam & Eve Double Bottom pattern
Noticed something this morning that there is bullish divergence on the 1W BTC chart. This bullish divergence has happened a few times over the last few years and is followed by a bullish cross on TSI which has always resulted in significant upside. Possible we see some movement to the upside over the next few weeks?
Looks like a large wedge may be forming on BTC, a "Starting Wedge" in Elliott Wave terms for Wave 1
gm update on this idea for BTC: BTC at a small trendline and bullish divergence appears to be forming so i think this could be wave 4 of wave 3 ending, then wave 5 up to around the 68,500 level
Follow up on a very old OIL idea from 2021 OIL completed 5 waves up from the COVID lows until the $130 highs, now appears to be in a multi year correction. There is bullish divergence on MACD and TSI on 1W chart indicating possible trend change. I think this is possibly C wave up to $100 (1:1 extension) or $115 (1.618 extension). A break above $130 would...
Bullish idea on BTC where I think we are in wave 2 of wave 3, a correction to around the 0.382 - 0.5 - 0.618 level before starting wave 3 of 3 towards $70,000 Idea invalidated if price falls below $57,472 (wave 2 crossing start of wave 1)
Looks like a nice triangle appeared on ETH possibly indicating a wave 4 completed there just before the push up to $2800, then a retrace back to 0.618 for what could be the end of a larger wave 2
Slight amendment to this idea > I believe Ethereum has completed or is in the process of completing wave 2 and a new impulse wave 3 will start soon towards $4000+ Price must stay above $2810 or this idea will be invalid (wave 2 crossing start of wave 1)
Update on this idea: I think wave 3 of 5 is now complete with an ending diagonal wave, so now either wave 4 has ended at the 0.236 fib level and we move up in wave 5 to $3670 or so, or move down to the 0.382 fib level before a push to $3670 or so. A break below $3148 in short term would invalidate this idea (wave 4 crossing wave 1)
Possibly in Wave 4 of 3 on Ethereum, then up above recent high for wave 5 of 3
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)
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.
Possible wave 5 coming up next after hitting the 0.236 extension
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