#USDT potential Head and shoulders pattern. #Crypto relief rallyMass hysteria and panic was achieved this week
similar to past capitulations
We are due a bounce.
Let's watch & see how it plays out...
I am long ETH spot, and quite happy at picking up a long term bag for close to an 80% discount.
Arthur Hayes has a 10K target which i concur with.
Arthurhayes
Arthur's path to bitcoin analysis gloryI mean, for all I know, Arthur picked $50K because it was a round number and major psychological barrier. Nonetheless, I see a ton of people saying "it's impossible". Those people either weren't around last year, forgot we pumped $10k in 10 days, or are just regurgitating meme-laden bullshit from discord and may very well be retarded. Either way, $50K is totally doable, but we may need an ETF to kick it off. Make it happen.
The flipside to btc having NOT bottomed is a bottom closer to $4k than $5k IMO.