My BTC analysis calls for a bear market after the Macro B bounce to last 11-13 months, dropping to the 4k-5k zone.
ETH on the other hand is fundamentally strong, and IMO the future of the Cryptosphere. A B Irregular top is highly likely, espcially since the corrections within the A made an Irregular Top fractal. The top of the wave channel is extremely optimistic, and I don't think we'd see too high over $1500 if we do get a FOMO B, but it's in the chart as an illustrative tool.
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Chock Full 'O Divs
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Juuuuuuuust a bit more.
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Short term 1-2 setup in the 5-3-5 of possible B upwards now.
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We are nearing the top of the C of the A of the Macro B. This will take us up over $1100, at which point we will enter the B of the B. It's entirely possible that the B down can retrace fully to the previous lows under $600. I think that's an extreme swing, but ETH likes to swing wildly with sentiment.
Very interesting. I've been staying out of crypto entirely for a few weeks following some bad mistakes and both to give the market some time to settle after the big dive and to give the latest iteration of my algo time to prove its mettle (which it, eh, kinda has done, a little, maybe.) I've seen a number of different analyses that forecast a BTC slump to ~5k, and now that I'm getting my head back in the game was curious how things look for ETH. This is certainly a nice first peek back at it in a while.