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Showing posts from September, 2022

Do You Like Bear Bottoms?

 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