IT IS 💯 PERCENT TRUTH.

$BTC



At this point, it’s already possible to see the structures the market operates within, specifically the influence of major market participants: how they accumulate liquidity and set the market trend.

Everything follows a pattern: a long 6–8 month consolidation → 1st wave of growth → redistribution + liquidity collection above and below → 2nd wave of growth → another long consolidation → repeat.

This generally fits logically into the framework of this cycle, both in structure and timing. The main target of this cycle — $140,000 — has not yet been reached. The market almost never exits an accumulation phase with just one growth wave. There’s a high probability that this will repeat once more: a second wave of growth to $140,000, followed by a six-month range until the end of summer, possibly in the form of an ascending structure, such as a wedge, potentially even reaching $173,000.

During this time, there will be distribution. This will take a while since big players need time to exit via retail. Selling to retail is most effective when there’s hype in the market. Exits may also occur through altcoins, as has happened before. Therefore, there’s still a chance that altcoins will surge during this period, creating the biggest market hype.

Just some market thoughts for now. Let’s keep observing. DYOR.

$ETH



My estimate is that Ethereum will drop more in the short term along with the altcoin market as a whole, towards some form of a liquidity sweep of the lows (yellow, because it is the next support area) before reclaiming the macro range eq (green). If this happens, I'd expect a consolidation near the range highs (Red), otherwise if it becomes an expedited recovery then we straight push all time high (very possible). This is ESPECIALLY expedited if we recover the EQ faster than this chart suggests.

This is not a chart to display my time-prediction, but rather the structure of price I would predict on a macro scale which could easily be translated into a weekly timeframe.

Question is, how low can we get involved for? I think we are short on time for that, as this prediction would give us traders more time than likely warranted. Remembering, we could be due for weeks of consolidation, therefore I personally DCA every chance I get; dollar cost average.

If you compare this chart to, say, Bitcoin in 2016, the similarities are surreal. This is a macro (long time frame) consolidation before a major, major, expansion, in my opinion.

Trade safely, trade wisely.