Previously it took 12.75 to 25 years for SPX to recover to same levels after (1) and (3) were reached. Prepare for the disaster thats ahead by exiting all positions at (5) and hedge with precious metals etc. May God have mercy on us
2 trend lines on monthly, held range for years. Projection is simply high quality hopium sprinkled on top
As bearish as current market is, ETHBTC not showing any signs of slowing down. 4th test of trendline support which also happens to be 200dma support. Pair this with BTC.D cascade and all points to an extremely bullish move for ETH in near future. Could 2.0 merge be closer than we think?
Even if we are in bear market we will retrace 0.618 of down leg. That puts us at $53k assuming $30k support holds
I didn't particularly enjoy seeing this as I see LINK to be a unique and useful project for defi. Maybe it'll have competition from the likes of Tellor (TRB), who knows. I am not an expert on any of these areas. Just wanted to share with community and have you correct me if possible
If MMED breaks out of the channel on high volume then its a likely Cup and Handle.