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RE: Ethereum (ETH): How Likely is a Lower Low?
I have been aware of Elliot Wave, Long Wave, and Kondratiev Theory for some time now. I am not sure that this is always relevant to the crypto charts because of the nature of crypto. When commodity markets are regulated in a Keynesian System, then these different chart interpretation methods are relevant. In the 'wild west' of crypto, market capitalization can move based on a different set of psychological factors.
An easier way to state the above is that there is no rhyme or reason in the crypto markets due to the deregulatory nature of the cryptocurrency market. We are seeing world changing progress being made in real time across the blockchain platforms.