Imo it can get very interesting if we manage to keep +/- curent low.
ETH is repeating scheme from accumulation channel we had in 2020, now, after 15 months it's 100% same. Will see if reaccumulation will end the same.
Just an idea of how reaccumulation ca develop, eight more months of that range would be killing for both sides, bears and bulls.
History shows how bitcoin moves inside parallel channels, their size so far are similiar so we can try to predict top according to this scheme only if we accumulate and stay in intact accumulation figure. We can drop a little more but we have to keep higher low to 29 k levels.
While market doesn't look good at all I will keep my eye on possible "spring" move under 29 k, with liquidation wick probably to 24-26 k to downward line of big channell. Only if holds and some signs of re-accumulation I will still see chance for one more huge wave upwards in this bull run.
Looking for one move down for alts till FED's decison about raising rates in mid march. If we are still in bull market correction from december can be just to wait for regulators, so we can pump afterwards. In 2017 we had rates hikes three times in mid march, june and december. Everytime we corrected after decision bt finally the last one meant "game over".
History shows how ETH walks from one parallel channel to another, are we accumulating to go one floor up? Time will show.
If bulls can remain on these prices and force big squeeze we can travel along that huge channel with first stop near median line.
All eyes on DOT after launching parachains. If we can break trading line up 70 usd is possible in nearest future. Otherwise 19 usd on lower lt in game.
Hopefully we manage to create hl and break big channel by the weekend or next week.
worth to check - almost one year reaccumulation range.
Let's see how this channel will work, so far so good.
I think if we break strongly this mid channel range/line we should fly towards 73 k were bigger correction and further consolidation before breaking out and going paarabolic is indicated.
Funding/premium is still on very low level. Corrections to ema50 1D while funding went negative were great btfd oppurtunities. Let's see how it will go this time.
Wuld be crazy if this log channel is valid, target around 400 k in may '22 if we go full parabolic.