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.
Quoting: Mr Cheese I'm still following the trade plan, just waiting to see how far this all goes. I'm just in some Alts and ETH as well, as I don't have much capital at risk, I'm looking for the greatest gains and using leverage.
https://imgur.com/a/2zozn0v
Cash flow really picked up the pace today, we're just about at the projected target support trend line already.
Not sure what will happen next but the Cash flow will continue to be my guide for reversal or trend continuation decision making.
https://imgur.com/a/3RlEihc
BTC really did decisively pierce the DMA 200 and close well above it. Wouldn't surprise me to see some back testing of it as a support, but by late Sunday evening we should have a sense of where things might trend next.
If we see folks FOMOing into the market, we could see a lot more green days, there is plenty of Cash left sitting in Stablecoins to fuel the rocket for a bit.
Also, was very curious to know if you had read any of the above sources and had any thoughts on the matters?
As I mentioned, it has me very concerned, so much so that aside from this small trade, I am literally completely exited out of the market (into fiat and off exchange in all ways).
