This analysis is based on Brian Kim’s broadcast of (the fourth week of September). At that time Bitcoin traded near $84,100; at the time of writing () it was near $86,400 (reference prices: CoinGecko daily data). The price levels and conditions discussed below refer to the market as it stood at the time of the broadcast.
Elliott Wave analyst Brian Kim’s recent analysis delivers a structural observation that cuts against a common market assumption: that corrections in major assets are already over. Across three markets — the KOSPI index, XRP, and Bitcoin — Kim laid out a consistent thesis. In each case, he identified a missing wave that he said must be completed before a genuine buy opportunity can be established. The analysis was shared in a live broadcast and draws on wave structures that Kim says have historically aligned with market turning points.
The core argument is not a simple bearish call. Kim acknowledged he cannot offer 100 percent certainty on any of these readings. What he presented instead is a structural framework: each market shows what he describes as an incomplete correction, and in his assessment, the next significant buy signal depends on one further decline reaching specific levels. For traders who follow Elliott Wave methodology, the distinction matters. Kim is not calling for indefinitely lower prices. He is calling for patience until defined structural conditions are met.
This analysis covers three assets in detail: the KOSPI’s corrective pattern and the level that would confirm its next leg lower, XRP’s two competing scenarios with separate entry zones, and Bitcoin’s outstanding wave condition that Kim says stands between the current market structure and a genuine bull cycle.
KOSPI: A Classic Corrective Pattern With One Wave Still Missing
Kim opened the KOSPI discussion by describing why he finds pattern analysis compelling in the first place. He traced the psychology behind market cycles: investors tend to repeat the same behavioral patterns — buying when news is positive, selling when sentiment turns negative, following peers into positions. Those repeated behaviors, he said, are precisely why wave patterns form.
Applying that lens to KOSPI, Kim identified what he described as a classic corrective structure on the chart. He noted that the index had risen roughly 2,000 points from around 5,200 to around 7,200 before entering the current corrective phase. Within that correction, he described what he saw as a classic double-correction pattern on the KOSPI chart.
He then walked through the KOSPI’s prior correction history to support his argument. Across multiple past corrections before major uptrends, he observed that price consistently worked through three corrective waves before resuming higher. He said the current structure, by his count, shows only two of those three waves in place. One more wave is needed.
On the question of what would confirm that the corrective process is on track, Kim pointed to the 6,439 level. He described this as the WX wave low and said that if price breaks below 6,439, it would serve as the trigger confirming the price action — that the market is following the expected corrective path lower. He framed the 6,439 break not as the end of the correction but as the confirmation signal that the structure is unfolding as mapped.
The destination Kim is watching before any buy consideration is 5,262. He stated directly that he needs price to go below 5,262 before buying, because the corrective pattern historically requires three waves before the next sustained advance can begin. He was careful to note that this is not a guaranteed outcome. He said he cannot offer 100 percent confidence, but he added that history says corrections that precede major advances tend to complete three corrective waves. By his current count, the third has not yet arrived.
The internal structure of the anticipated decline also matters to Kim’s reading. He noted that when the C-wave of a corrective move unfolds, it tends to carry a five-wave internal structure. He said he is watching for that fractal sequence to develop inside the decline as additional confirmation that the correction is progressing as expected.
XRP: Two Scenarios, Two Entry Zones, One Direction in the Near Term
Kim’s XRP analysis presented two distinct structural interpretations, which he labeled as preferred and alternate. Both scenarios agree on one point: price needs to move lower before a meaningful buy zone is reached. Where they differ is in how deep that decline goes and what the corrective structure looks like.
Under the preferred scenario, Kim described the current correction as a double correction, a pattern in which two corrective sequences are separated by a connecting wave. If his preferred XRP double-correction scenario holds, he said the final segment needs another corrective sequence before it ends. He noted that a Fibonacci-based level near $1.25 is where this structure would complete, and he identified the zone around $1.25 as the preferred buy target in this scenario. He acknowledged that price could go somewhat below that level before finding support.
Under the alternate scenario, Kim described a single correction that would complete sooner and at a higher price. He said that if the alternate reading is correct, and if price clears the $1.45 level while showing a short one-two-three-four internal structure, then a buy zone near $1.40 would become the relevant entry point.
Kim summarized the practical takeaway clearly: whether the preferred or alternate scenario plays out, XRP still needs to decline somewhat from where it was trading during the broadcast. The difference between the two scenarios, he said, is whether the buy opportunity arrives near $1.25 or closer to $1.40. He described both zones as potentially offering strong entry points once the corrective structure is complete.
He also addressed the broader challenge of analyzing altcoins when Bitcoin’s own structure remains unresolved. Kim said he would like altcoins and Bitcoin to trade independently of each other, but acknowledged that in practice they tend to move together — when one falls, they all tend to fall, and when one rises, the same. He framed this as a structural difficulty for analysts trying to isolate individual asset counts when the dominant market influence is still working through its own corrective process.
Past Altcoin Calls: Pattern Recognition in Practice
Before returning to Bitcoin’s structural condition, Kim reviewed a series of past altcoin analyses to illustrate how Elliott Wave pattern recognition had identified entry points in previous cycles. He used the altcoin examples to show how he applies Elliott Wave pattern analysis.
He recalled a broadcast from April 9 in which he analyzed Chainlink when it was trading at $8.98. At that time, he said the wave count showed only four internal waves in the expected five-wave structure, which led him to conclude that the price needed to decline further before the corrective move was complete. He said the internal count visible at $8.98 was one wave short, and that waiting for a fifth wave to develop would bring the corrective structure to completion. The price subsequently declined to around $7.10, he said, and then began moving higher. He noted that by September 28, Chainlink reached $15.76, which he described as roughly a 100 percent gain from the entry zone he had identified.
He also discussed a Solana analysis, noting that there was some uncertainty in his count at the time. He described a scenario in which $60.11 could mark the end of the correction, while also noting the possibility of one more push lower beyond that level. He said that as an alternate count, the $60.11 level was the completion point, and that Solana subsequently reached $124.
Kim referenced an analysis of another asset in which he had identified a zone around $83 to $78, or as far as $73 in a deeper scenario, as a potential support area. He said the price reached near the 38.2 Fibonacci level and then recovered, eventually reaching $175 from a buy zone around $85, which he described as a gain of approximately 105 percent.
He described a separate case involving what he called an AI-related token. He said he had identified a corrective pattern that required a decline below $0.105 before the structural setup would be ready, with the 78.6 Fibonacci level as a deeper possibility. The price reached $0.097 before recovering, and he noted a gain of approximately 65 percent from that zone.
Kim returned repeatedly to the same structural logic in each example: the corrective pattern provided a readable endpoint, the five-wave or three-wave internal structure gave him confirmation of where the correction was in its sequence, and the wave completion identified where a buy zone was likely to appear. He was consistent in attributing the analysis to pattern recognition rather than to prediction, and he maintained that the methodology gives probability, not certainty.
Bitcoin: One Wave Remaining Before Bear Market Conditions Can Resolve
The Bitcoin section of Kim’s analysis was brief in its delivery but significant in its implication. He stated his view plainly: he still sees one more large wave count remaining in Bitcoin’s structure, and he has not changed this position regardless of what other analysts or market participants are saying.
The specific level Kim is watching is $57,000. He said that Bitcoin needs to touch below $57,000 before the corrective picture becomes clear enough for him to see the end of the bear market conditions. His exact framing was that once the price goes below $57,000, the corrective structure begins to take shape in a way that allows him to see the market approaching a point where it can end the bear market and move into an uptrend.
He added that in his view, this process still has a few more months to run. He did not state a precise timeframe, but he indicated that the resolution he is waiting for is not imminent.
In Bitcoin’s case, his reading is that the market is still inside that corrective process, and a move below $57,000 is the target he says Bitcoin needs to reach before it can end the bear market and rise.
The $57,000 level is a target that, in his reading, Bitcoin must move below before the bear market can end and an uptrend can begin. He also acknowledged the difficulty of timing this precisely given how correlated altcoins and Bitcoin have been — a dynamic that he said complicates the wave-by-wave reading of individual assets when the broader market is still in motion.
Conclusion: Three Markets, Three Structural Conditions Still Unfulfilled
The unifying theme across Kim’s analysis of KOSPI, XRP, and Bitcoin is straightforward: in each market, at least one more structural move is needed before the conditions for a meaningful buy entry are satisfied.
For KOSPI, Kim said the 6,439 level serves as the confirmation trigger for the corrective path, and that he needs price to go below 5,262 before considering a buy. For XRP, the preferred scenario points to a buy zone near $1.25, while the alternate scenario places that zone near $1.40, with both requiring a further decline from current levels. For Bitcoin, Kim said the asset needs to touch below $57,000 before the corrective structure becomes clear enough to signal the end of bear market conditions, a process he estimates may take a few more months.
Kim was consistent throughout in attributing these readings to pattern analysis rather than certainty, and he acknowledged the inherent limitations of the methodology. What Elliott Wave provides, in his framing, is a structural map of probable paths — one that has aligned well with historical market behavior and with the specific altcoin setups he reviewed. For traders watching these three assets, his analysis suggests that patience around defined levels, rather than anticipatory positioning, is the structural approach that fits the current wave picture.
Full video analysis: https://www.youtube.com/live/56kTB0bYZss?si=xZAgjRCjB8WLXSNp
