After huge moves, ETH price needs to adjust to the new normal.
A)
Adjust to $15 ETH (355 days)
- a 60% dip
- Immediate "V" or "U" shape recovery
- 350 days of sideways and bleed
- brutal Oct-Dec, final capitulation down -50% below $7
- Then blast off
B)
Adjust to $400 ETH (147 days)
- a 60% dip
- Immediate "V" or "U" shape recovery
- Sideways, then...
Legend:
20 MA = Red
100 MA = White
200 MA = Yellow
Observations:
- Diminishing returns per cycle
- Each Bull cycle takes longer
- Each Bear cycle takes longer
- When we break the 100 MA downwards, we drop straight to the 200 MA
- 200 MA is historical support (currently $5.5k on 3/12/2020)
- 20 MA is support through bull runs
- The historical best-time-to-buy is...
- Diminishing returns per cycle
- Each Bull cycle takes longer
- Each Bear cycle takes longer
- When we break the 100 MA downwards, we drop straight to the 200 MA
- 200 MA is historical support (currently $5.5k on 3/12/2020)
- 20 MA is support through bull runs
