Cleanup to yesterdays idea - included the % increase for 2022 if 2017 repeats.
During the 2017 run up to the early 2018 blow off top, ETH had two “crashes” of -69% and -47%, before proceeding to do another 600% pump over a ~110 day period. During the recent cycle, we have experienced two “crashes” of -62% and -54% - if the same fractal / pattern plays out, $16,000 USD ETH can be on table by Q2 2022.
What if history repeats… not based on anything major , just the first BTC.D drop fractal
Small bounce back to 50% area short term - with a bigger drop to ~20% region . Alts pump to new unsustainable highs , talk of alts flipping bitcoin #1 spot , peak euphoria- then end of current cycle .
Fractal - if btc repeats similar price movement over last few months
Ltc btc pair looking primed - ~800% by June would Be nice
Ocean retested resistance, established as support and break out confirmed. Next stop $3
If we break 0.041 resistance this thing could enter price discover - ETH could really start running against BTC
Historic level of 52% may provide critical support , if it breaks through this level a proper alt season could follow...
Looking at the TOTAL2 chart, last breakout above previous cap ATH saw a huge gain over 560d period. TOTAL2 has just broken the previous ATH and it consolidating nicely. Accumulation phase has been longer this time, so the top may be beyond 560d. Watching BTC.D closely also.