Looking dicey here. This looks like its about to be the mother of all consolidations. Going to be hard to tell if its going to gap up or down.
Bitcoin will touch its golden pocket, which is its current strong support zone, 2 more times before March 25th in order to get prepped for Q2s impulse towards a new high. You can See on the markings that BTC bares a similar pattern to what took place from May 19 2021 through the last bit of July. This Crabish time period showed us that after the first drop to...
As you already know, or should definitely know, Ethereum is not in a bull market, nor a bear market but a crab market, that means that it's currently being manipulated and you can only predict its moves applying the rules of the SMC. Millions of positions got liquidated by the voluntary crash of bitcoin down to 2.3 k. Ethereum is probably going to crash below 2k...
Each push getting weaker, indicators indicating flagging or down instead of flagging or up... Yea, this is when you consider a short. Could go either way, but I think we cool off back to 31k at least, before we have a shot at returning to bullishness. There are a few stronger support areas now though on the way down. Set stop loss accordingly. Crab claw coming...