I think ETH's chart paints a more clear picture about what is going to happen with crypto market than BTC's chart.
Moving in a downtrend channel, ultimately 100% retracement since november, then it will start to recover for several months.
I denied the bubble idea for so long, but I've been looking a lot lately at nasdaq's composite index. The more i look at it, the more i see similarities with crypto market.
The good news is, the difference is time. It took 2.5 years to get from ATH to rock-bottom. We are 3 months in and we're already almost there. By the end of the year we will be back at ATH for sure, either by healthy growth, or by another exponential bull run.
I don't claim to know any TA, this is just an observation for my future self.
Moving in a downtrend channel, ultimately 100% retracement since november, then it will start to recover for several months.
I denied the bubble idea for so long, but I've been looking a lot lately at nasdaq's composite index. The more i look at it, the more i see similarities with crypto market.
The good news is, the difference is time. It took 2.5 years to get from ATH to rock-bottom. We are 3 months in and we're already almost there. By the end of the year we will be back at ATH for sure, either by healthy growth, or by another exponential bull run.
I don't claim to know any TA, this is just an observation for my future self.