The "never gonna happen" people probably haven't traded markets long enough to know there's no such thing as never gonna happen in the market, let alone in crypto.
So this is a look at the quarterly chart and what I'd view as the "Armageddon scenario" where BTC retests 15-12k (yes it can...) Just take a look at the weekly with a 200 week moving average applied. That zone would be a major buy if it gets there.
It ain't that crazy to retest that zone, is it? But again, not saying it will. Just pointing out that it can and still be in a healthy uptrend.
I am a long term super bull in crypto and have been since 2015. Nothing's changed, and if price breaks down another 50% from here that still won't change. Because I am over the next 10 years +, it's important to have the birds eye view and see what the possible crash prices could be to prepare new buys.
Zooming into ETH on the weekly chart, we can see *how* this could look if the next major support doesn't hold (which looks like anywhere between $1400 - $1500).
This is all pretty deja vu... In 2018 I posted "where to find the bottom in Bitcoin". You could read what my thought process was in the post below:
Sentiment was the same - lots of denial and disbelief on the way down. When the train finally goes, it'll leave as many as it can behind. Welcome to markets. You learn that the hard way.
Third reminder. I don't have a clue where it bottoms just like anyone else. But it's a good time to create a shopping list of your favorite projects and find where the most traded in the last year and a half. Set buy limits at zones you wouldn't believe could hit, and maybe they do.
Sweet Jesus, Pooh! That's Not Honey! You're eating crypto propaganda!