i expect downside action to begin rather soon. i even saw an article today saying that "the crypto bullrun has begun" and that just makes me even more sure that i am right that we are going to have more downside coming.


fyi nemo. bitcoin still hasn't gone over 23.2k which i said was an important level a week or so ago. it got there FAST but it ran into a wall and has not gone higher yet. still think that has the credentials to be the stop. just not sure if it will be yet.

if it does end up being the top... i then have two different ideas.

idea 1) we bottom at 12k area in march/april and it could be the last bottom
idea 2) we bottom at 8k area in end of 2023

just not sure which idea i think is going to happen. i have two strong arguments for both right now.

just don't know. i guess i am leaning towards 12k as the bottom in a month or two... guess we'll see what happens.