Crypto Analysis | Going For the Third Wave?
hive-167922·@tobetada·
0.000 HBDCrypto Analysis | Going For the Third Wave?
## <center> Good day Hiveians!</center> ### <center> Join me in analyzing the crypto markets!</center> ### [So far we are on track to the scenario outlined previously](https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-btc-update-on-the-quadruple-resistance) [Two resistances out of the "four" have been broken](https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-btc-update-on-the-quadruple-resistance), but the most challenging is the one the market is currently facing. It is the upper blue trend line coupled together with a general resistance in the 47-49k area (due to past price movements). Anyone who has looked at the crypto market for longer periods should be well aware of the three wave pattern that exists there. I therefore propose that we will face a correction to the previous resistances (which become a support) in the 43k area. Prices should then one more time recover to the 47-49k area which would be the "3" marked in the chart.  As pointed out before, the 47-49k price range also coincides with previous fib retracement levels that resulted in a rejection of further upward momentum. If so, all two previous times this led to a macro correction of more than 50% (!). [A 50% correction would nicely fit into the before outlined price range of about 23k](https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-btc-update-on-the-quadruple-resistance) This scenario would also fir very nicely with the possible path that **ETH** could take. While price has moved somewhat higher, it has not overcome the 0.6 fib ratio (just like in 2017). This has led to a correction down to almost 0.3 which now corresponds to about 2.7k. I would then expect a strong recovery to almost 4k, before having also a ~50% correction.  **We should therefore still be in the run up to the market top in middle/late of 2022** --- *As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!* <center></center> <center>⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅</center>  ### <center>**[Check out the Love The Clouds Community if you share the love for clouds!](https://peakd.com/c/hive-131609/created)** </center> <center>⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅</center> <center></center>
👍 coredump, tonimontana.neo, toni.pal, gangstalking, dexpartacus, bdmillergallery, london65, theithei, glstech, hive.curation, dwarflordnoj, rollandthomas, neove, pastoragus, korle, gimp, hardrockcrypto, dalz, quatro, hedidylan, cabalen, curamax, samubit, tobetada, pepijin, steembake, pipa, abh12345.neox, sqube, ratel, liable, itegoarcanadei, josediccus, cryptoandcoffee, steemimages, guider, philnewton, src3, iamfarhad, sbi3, offgridlife, akifane, besheda, sbi-tokens, molometer, sneakyninja, mastergerund, thedailysneak, babysavage, ravensavage, ecoinstant, cryptoknight12, redes, jozefkrichards, lebastion, ecoinstats, dpend.active, sketching, campfire, rafaeleff15, yogacoach, chorock, thranax, khiabels, javiersebastian, apoloo1, clifth, gloriaolar, trangtran23, erikah, b00m, spamfarmer, arcange, senseiphil, rappler, allyson19, angelanichole, raphaelle, fengchao, rarepepe, steempampanga, cjsean, noechie1827, hubyr, crimianales, spectrumecons, vegoutt-travel, captainhive, laruche, walterjay, dinglehopper, penguinpablo, funnyman, raiseup, alphacore, steemaction, policewala, onepercentbetter, larry21, hive-143869, merlion, hungrybear, richatvns, juanmiguelsalas, kilianmiguel, stellazinc, logic, steemcleaners, lorenzopistolesi, trade60, kaminchan, ninnu, cooperclub, definethedollar, wenchebakken, mythix, kohsamui99, gupzo2, miss-p, jphamer1, maxwellmarcusart, trippymane, mauromar, elenasteem, steliosfan, digi-me, donthaveone, itsmiessyonpeakd, angiemitchell, oleg1119, owasco, logiczombie, teapassion, greykamille,