Want some ETH for 45 bucks? Well, this could be your lucky year. Blood is going to flow on the streets and the ones' that are prepared are going to bate in it. What we are about to see in the following months is fear and greed gripping the minds of everyone in this crypto world, everyone that has remained oblivious to the true nature of this market that is. ETH could possibly retrace back to 228$ before the big fall. The count gives a technical opportunity that is usually realized by manipulation, but nonetheless the count usually comes true. I personally believe that BTC dominance is going to retrace a little bit, giving the major altcoins the opportunity to "stretch their legs". After that false hope, there is going to be a massacre, pure and simple. Subscribe for this channel and prepare your popcorn, because the following months are going to be remembered in history as some of the most outrageous and painful for bulls.
The trend line there is the neckline of a huge H&S pattern, in my opinion, my bearish standpoint has a lot of solid foundation that is connected with BTC and you can see in this chart:
As to the retesting of the neckline before the big fall, my reasoning is technical mostly:
However, I also think that a spike in the price could fool all the little bulls one last time before the actual bloodbath that is about to come.
It will be a fun time! For some of us...