Giant CUP and Handle pattern can be forming in front of your eyes. Is this going to happen? It can. When? very soon within 4-5 months from now. Honestly we might not go down more then 37k. This is quite possible. Now seems to be a little different. We are very close to halving event. The plane can just leave the airfield soon and you will not be passenger if you will go with the crowd.
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I will be adding more to long after second leg of a drop to 39500-39750. I think it will happen to remove all untapped liq below 40K. After that Im expecting huge run to 46k to remove all shorters with 800 mln $ positions.
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This really can happen there is a lot liquidity above 40k. There is no reason to fall more right now in my opinion. We had 21% correction. The money is flowing in USDC the market will go higher to test 50k-56 soon. ETH will be then for 3300$.
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Holding my long still.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.