Time layered bull and bear cycles from 2017 and 2021 bull markets to forecastprice movement for 2025 bull market. Not too concerend about the price (y-axis) more about the magnitudes and the cyclical timing of ETH as shown by each phase (yellow line). Follow this script to timebuys. Looks like take off will happen q1 2024
One should buy BTC when USDT dominance is high (towards the top of the channel). When USDT dominance is low, towards the bottom of this channel, it is a good time to reduce risk
Striking similarities from a time series analysis standpoint to ETH 2018
Fractal taken from 2018 bear market. Key levels to consider are May Lows (~1800) and 2018 high (1400)
Although we are in a bear market, the 20 month MA is a historically significant level that has acted as support. I expect a bounce off of this level for bitcoin to form a lower high. Something like 36-38k back up to 45-50k.
Fibonacci Time Period Using 2.236, 2.382 , 2.5, and 2.618 Fibonacci extensions to predict local tops within a margin of error.
Same as previously posted although started the market cycle at the inflection point when yields broke down. Reflects a January 2022 market cycle top for Ethereum.
Time series analysis of Ethereum 2016-2018 bull market vs current 2020-2022 market cycle with confluence of US10Y yields. The US10Y reflect business cycles of inflation/deflation. Ethereum performs well during inflation as yields rise and the market environment becomes risk on. As inflation continues, high yields put strain on the economy and monetary policy...
Fibonacci extension analysis of eth/us100 ratio. Look at the 2.618 fib extension from 2017. Assuming NASDAQ can push to ATHs... 14k ETH is the target
With the recent strong rally across the crypto market I have laid out this potential scenario for ETH as it prepares its ascent to $20k
Risk Assets grinding down preceding Nasdaq corrections
Worst case scenario revisit 400s (BTC likely low 10ks at this point). Calling bottom when legacy markets begin to correct and bottom.
ETH has comparable market cap to btc 2017. Likely follows bear market similar to btc 2018-2019.