This is more of a observation or thought experiment than any kind of technical analysis. The starting point of all data points is the SPX ATH. All other historical ATH values begin at the most recent ATH (January 22), and end whenever price returned to its respective ATH.
Time and Change is more important than Time and Price. It's easier to see this from a...
This is a very serious analysis technique in which I place horizontal lines with text near them to explain macro price action to perfect detail. Using my average ape brain I am able to paint a market picture filled with emotional bias to declare random points in 2D space as areas of ultimate significance.
Logarithmic scale used
No lines drawn into the future have any basis in reality. Only a probability. You'd be better off flipping a coin.
This is just a fun look at history copy pasted into the future. Nobody has a clue what happens next. If cycles remain, I'd put my dumb money bet that even dumber money are buying securities in 2027-29.
Pain with a higher delta
Purple lines == How I see "support"
Big Dashed Orange Line == Ether's lifetime Point of Control (price level that has the highest volume aka. widest horizontal row).
BTC at another pivotal stage. Bias remains slightly-bearish.
Still at the whim of US Equities markets. Blue dotted line is trend since May 18th. Orange horizontal lines are more significant levels of support and/or resistance. White horizontal lines are shorter term levels of support and/or resistance.
32250 resistance possibly acting as support? Time will...
