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Message Subject Crypto bottoms when we have our next "world event" similar to covid pandemic
Poster Handle Anonymous Coward
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Nemo, i'm still sold on 8/9k as the bottom. Comparing this bull market to the prior bull market... i finally found the way to anchor the fib brackets in the chart properly. At least, I think I have. Using the prior market high(from 2011) as the bottom of your fib bracket, the 886 was the retrace of the 2015 bear market.

Doing the same business with the current market cycle(using the 2013 top as the bottom of your fib bracket) says 8900/9k is the bottom. Copy/pasting the fractal over current price gives a timeline of happening in the next 3-4 months.

Yellow arrow in 2015 compares to 15k where we are currently (temporarily) showing signs of support (both were exactly at the 786).

In 2015, it bottomed exactly at the 886. 2022/2023's 886 is 8900/9000$.

IMO, this is when I will buy. Thinking it really happens in the next 3-4 months. March 11/13th would make sense because of a lot of reasons. 11th day of the 3rd month of the quarterly financial period is often a market bottom.

9/11 was 11th day of 3rd month of a financial quarter.
So was covid19's march 11 2020 bottom.
So was december 11, 2018 market bottom.
Happening on march 11/13th just feels too predictable so honestly i'm not sure that'll happen, just based on how predictable it is.

Honestly it's ready to drop at any time. Could happen next month. Or again, may be march 2023.
[imgur] [link to imgur.com (secure)]

Going below 8800$ is now a pretty bad sign. If it goes below 8800 i probably won't buy.
 
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