ETH still seems to be growing steadily in a zoomed out timeframe. If it repeats its pattern, there will be a rise towards april, and a sideways movement until the next buying spree. This is the moment for bulls to prove their momentum.
We are halfway down, and still the bulls are going long on resistance levels. This will become increasingly hard to profit from as the amount of bull's that wait it out increases. People new to crypto, who invested in november/december are backing out, and they are most of its market cap. There is no way, what happened in nov/dec will happen right after this...
Head and shoulders is a shampoo. Chart patterns is a religion, repetition a natural fundamental.
Looks like we are repeating an exact pattern.
Strong bounce will follow if momentum increases. Order bookings are high right above previous low levels, it takes serious downforce to break those "i'm gonne buy in the dip" bookings. So far the BTC and ETH pool has been broken, XRP is up next. It took some hour's but the bad news is incoming. It's gonna be a weaker bounce, since people will be ready, and place...
Moonphase / paydays / Family events / market openings-closing / forks