ETH - 2022 Bear Market Rallys
Exactly 4 years later from our 2018 bear market here we are. Now I admit this fractal pattern isn't perfect, but R2 and especially R3 line up beautiful with our 2018 market structure price action. Again, I think the bottom is likely already in, but if we do get some kind of black swan event late this year or early next year then according to long term market structure $680-730 is a significant range and the $400-500 levels which could be considered true fear and panic to really create our bear market bottom. Just thought it was an interesting chart, so I wanted to share. My personal take on the markets are we are definitely going to have a mega crash from here, but buyers could come in very strong around the $1300 level. Only time will tell!
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