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 isn't done. As long as we turn around before hitting $1000, we are in a very good place. In fact if we head up before hitting $1000 and we break and hold above $1400, then the deal is sealed and our next stop is $3000+.

In fact almost everything should turn around, not just Ethereum. We'll finally see BTC turn around as well as a lot of other Tokens that have taken a hit the past few months. I expect almost everything to take off, and there are a lot of attractive very low priced tokens. Consider, instead of riding ETH from 1200 to $3000, what about riding RVN from $0.03 to $0.30. That's a 10X return on your money instead of a 3X return. Or try AAVE, or MATIC, or POLY, or HNT.

I'm not saying to do it, I'm just saying there are a LOT of opportunities there right now. It's important to get them at the bottom because otherwise you could be buying them right before a significant dip and as you can see, crypto has a tendency to pull back sharply when it pulls back.

Of course nothing is for sure. This is not investment advice and don't use money you can't afford to lose. Remember, past performance is not indicative of future results.

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Etherum on the Move...

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