I think we all like the bottom of Bear cycles in the stock market.  I think that's what we are going to see with Crypto this week. Those who are still holding Crypto during this retracement, take heart, we are almost there - or at least I think we are. If you like bear bottoms, this one is for you. It should be the end of the bear market and the start of another bull run. I trade Ethereum (ETH) almost exclusively. Right now I think we are finishing wave 2 of a mini 5 wave down trend. We should finish waves 3-5 probably before next weekend, maybe even by Turnaround-Tuesday. See the attached ETH chart and you'll wee what I mean. Once we hit wave 5, I expect a fairly quick run up from about 1160 to the lower 3000's. Put in $1000 and pull out $3000 a couple of months later.  Not bad. As long as ETH stays above $1000 we should be good. If it breaks $1000, that's bad news all around. That means we are going to be setting a new low for ETH and it means the Bear market i

Artwork by Steven Grundy What, more Crypto talk? Yes, sorry, more crypto talk, but I'll try to keep it short. Back on July 16th I said that I thought the bear market had ended that day and we were starting a new bull market. Only time will tell if I was right because we haven't had enough time to call it a bear market. But, in that time, Ethereum, the bellwether coin that we measure with, is already more than 50% from that date and 120%+ since June 16th (2022). There are a lot of coins that did better than that, but for a "safe" bet like Ethereum, that's a really nice move. But, it's not too late. Ethereum makes a change on September 26th that will dramatically improve it's capabilities. I think we are going to fairly quickly see ETH return it, and pass it's all time high of $4891.70, maybe even before the end of the year. Now there is always the chance that ETH, and all coins, will turn around and head back down for a test of the low of $876.54.

Artwork by Steven Grundy The long awaited Ethereum "Merge" is finally upon us.  I've heard people say "So what".   So what?  I think they don't understand the implications of the merge.  Either that or they really are betting against Ethereum. I think this upgrade is probably the biggest thing for Ethereum since smart contracts first came out.  This change has the possibility of upsetting the apple cart in terms of Ethereum and BTC.  That's a big claim, but I really think it's possible. The Ethereum Merge has been set for the week of September 19th, 2022.  The merge is when the Ethereum execution layer will be joined with the new proof of stake consensus layer.  What does that mean and why should I care? What it means is that Ethereum will be changing from an energy intensive Crypto coin like all others to a 99% more efficient crypto coin like only a few have done.  Right now Ethereum is mined just like BTC and a host of other Crypto currencies.  Tha

  The Crypto Bull Market left the station today, and if you aren't on the train you are going to miss out. I was predicting the end of the Bear market anytime soon and I'm going to stick my neck out again and say we saw the 2nd half of a double bottom this week.  Then we ran right up to resistance,  1280 on Ethereum (ETH) and blew right through it, hitting 1430 on ETH just minutes later. This could be one of those high speed trains you see everywhere except the good ol' US of A.  Or, it could be a big, lumbering freight train.  But I think more likely it is a high speed freight train.  This market has the potential to blow the doors off of the 2017 and 2021 rallies, and those seemed impossible to beat.  Now, keep in mind we are 80% or more off of the highs, so it shouldn't be too hard to lay some significant  track in the coming months.  I do not give out market advice, and nothing in this blog is intended to serve as investment advice. But, as far as I am concerned, fo

  Ain't no Raging Bull I don't think I have ever made a prediction for the end of a Crypto Bull or Bear market. But, I'm going to stick my neck out and make one now. I think the Bear Market slaughter that's been going on for the past month or so, will experience a short-term bottom, if not a long term bottom, this weekend, or shortly thereafter. I think we are seeing capitulation selling across the board now, and that Crypto very well may turn around as of June 1st. Once it turns around I wouldn't be surprised by a double bottom, but at least we will have seen there is a bottom. What am I Hodling? People always ask me, "What am I hodling these days?" The answer is: A limited amount of BTC and ETH for "stability". A lot of Stepn (GMT) and W2E because I love coins that rise in price and pay the hodler based upon actual exercise by the person hodling the coin/token. A good amount of Decentraland (MANA) and ApeCoin (APE) because I believe the