Too bad Steemit doesn't allow for expanding/enlarging images. The charts I see across the platform are rather small and it's quite difficult to see any meaningful detail.

It would seem then, from what you describe, that the recent all-time-high in the 20k zone and the subsequent sharp downturn underway are rather significant 1st and 2nd waves at higher degrees of trend i.e perhaps Primary, Cycle, Super-Cycle, or even possibly Grand-Super-Cycle degree.

I would very much entertain tinkering with technical analysis of cryptos, however, my charting platform, (TradeStation) lacks any meaningful price data on such issues - not to mention lacking a significant level of historical data from which to begin any serious technical assessment.

Lastly, after 20-years, quite honestly, my interests have shifted significantly - but I do maintain an ancillary interest i.e my comments here.

Thank you for the detailed response and suggestion.

Interestingly enough, my "preferred" wave count for Gold is quite similar albeit the primary degree wave-2 down (in red) has taken several years vs. several weeks to unfold. The price data included herein goes back to 1984 (in case it's too hard to see), and each price-bar consumes one-month of price data vs weekly, daily, or intraday bars.

As a true Elliott Wave Technician, I'm certain that you maintain "alternate" counts at hand in the event that your "preferred" count blows up. I know I have always used alternates - it keeps one's mind open to the possibilities without getting to deeply or emotionally attached to any specific "preferred" count. Thanks again.