Short

Updated

ETh is about to take an Olympic dive

Rising wedge, weak bounce, 886 retrace? yes please.

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I find it probable we test the upper part of wedge once more.

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Still waiting. snooze fest in this scam market rn.

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just woke up 1 year later.

we dumping soon or what? yawnnn.

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Dump already you god damn unregistered security scam vitalik token.

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im going to wake up tomorrow morning and be a happy man.

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In all seriousness, this is the first support.

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A lot of people waiting for a bounce to sell.

This chart doesnt suggest that anyone deserves another chance to sell, it gave months at the highs to do so. It even had the stock market break down first, as a warning.

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After taking a closer look, I think there is a great possibility of something like this playing out.

We have witnessed massive distribution, twice now...

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Oscillators are resetting for the next dump, gotta get them back to neutral territory. maybe small pump but maybe not.

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ETH pump is a by product of bitcoin pump, the exit scam pump before down only.

This was bitcoin testing the underside of the broken wedge, the 200 week sma and the 200 day SMA.

Dont be fooled.

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Now closing under the 200 wee moving average....

Not looking good for bulas.

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Going according to plan.

They tell you that youre early, they tell you another cycle is imminent, they tell you lambos guaranteed.

Well, last bear market didnt have such things. It was actually quite uncertain.

Long way down still, need to wash out the optimists to buy from the pessimists.

MikeMM

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MikeMM