Bull-Trap To Bottom

When we bottom in 2023 exchanges will start unraveling en masse due to FTX fall-out and miners going belly-up. But one more bull-trap to try to save the industry and prolong tether imploding. Probably only give us a few months however.

I suggest prudence moving forward. I'm charting bottom around $7-10K. Likely early in January, but we might get a second pump up to 100W MA which takes us into March. But given the lack of savings in the retail sector I don't think we'll have the legs.

This is my last crypto chart. Moving onto metals after this next sell-off.