I think this can repeat as last sept-October. first to 59K and then 80K.
If Degen is not holding at 0.027 it will go to 0.02 easily at creating a Double bottom. My bias is we see a lower low at 0.017 and then pump from there, of course if bitcoin is pumping to 72K then surely this shall be the bottom. But bitcoin also looks like it wants to touch 58K at least.
We see a 50K in this pattern. This fractal is from 2016
I think we touch 55-58K range before starting the 2nd leg of the Bullrun. This fractal is from 2019
I have just laid out that when Arb is pumping, more often than not the total market dumps. I have added Solana chart to confirm that it is not happening with Solana at least this time. Also confirming that we no new money, at least not as we had in 2021. I hope this helps, if total3 without stables crosses 375B, it is more likely going to dump further.
I will not short eth yet but it is clear that we are peaking may be its the merge that is saving Eth for the moment but its just matter of time we go down..
This may touch the 250 EMA and bounce from there touching 200 EMA as resistance as we fall back again below ultimately touching 300 EMA. The beginning of next bull cycle.
Accumulation period as 2015 we make a double bottom or lower low with liquidity grab at 16.5-17.5K and have range at 19-21K which gets over pretty quickly (fractal in pink) Accumulation period as 2018 we make ~84% down moment at 12-14K and have range at 14-16K which gets over pretty quickly (fractal in Blue) My stomach says it will be 2015.
Just for record. How we go from here. I think we go down but I am biased towards going up.
As the merge is coming near Eth is pumping as who doesnt love free money... but this is the time to be cautious as it is just matter of time that we see big dump in alts against btc.
Once there is impulse towards the upside around 0.00000135 I will start to short with SL 10% above it which. Idea is it will go to 0.0000007 just like bitcoin did in 2018. PEPE is here to stay I am bullish long term and see 69B mcap as it is programmed. However it needs to shake out "non-believers" and "tourist" first to reward the true "believers" and "citizens"...
Everyone actually looks ETHBTC chart which sometimes can create a tunnel vision so I have check the chart other way around and to my thoughts it is clear that this chart says also a same story ie. That ETH is going to bleed again BTC in September
I see this would be around 23K by the end of september and then by the year end it will acutally be above 35K rekting the bears who might be expecting 17K or 12K. I can somehow just see it clearly now.
I think 300 W SMA is the bottom of BTC but we cannot rule out 400 WSMA as bottom. I am accumulating as I believe that 300 WSMA was the bottom, and we are ready to chop
There will be significant pump in coming 2 weeks in this altcoins, already they are up more than 10-40% since the weekend and can have 5 times more % increases from here in coming 2-3 weeks. I expect that we are in the end of this relief rally, but can really make prominent gains, I am longing LTC as it was lagging behind and has chance of highest % gains to...