Here's what i'm thinking, Nemo.
(i was waiting to say this idea until bitcoin got over the 200 day moving average which it just did an hour ago)
I'm using ethereum on this one. I'm tentatively bullish for the next 2 1/2 months for all crypto. Bitcoin is insanely bullish right now. The rest of coins should follow suit.
I'm comparing the 3 colored lines on the right to the corresponding 3 colored lines on the left. I believe we are going to remain bullish for a few months.
Look how similar those 3 areas look to each other. Anyways, i'm thinking this lasts until april 1st and then we'll have a year long crypto rug pull again. Would love to see 2300/2400$ ethereum as a top in end of march. We never got that over the last few months and I did think it should have been the top the whole time and was annoyed it never happened...
well... if you use fib brackets to compare the left to the right (on the candle chart, not the line chart), it does project to 2300/2400 if this market repeats and does the same fib extension. So that's my plan right now on where/when i plan on shorting this into the dirt.
IMO, after April 1st, this gets unbelievably nasty. For a year+. For everything. IMO, end of march 2023 is your last chance to get out of crypto before it dirt naps.
[imgur] [
link to imgur.com (secure)]