Description
⋅ Pulling up the Weekly ETH chart in this morning's post.
We've zoomed out to show the 2018 pump, subsequent dump, and then 2019-2020 chopfest.
Sound or look familiar?
If you look at late 2020 into the parabolic stimulus infused pump of 2021, this move looks almost identical to the 2018 pump.
Then what happened?
2022 carried the same type of price dump that we saw in late 2018/2019.
Looking ahead, we've drawn out our version of the 2019/2020 chopfest that we believe will take place in 2023/2024.
If you're looking for better entries on your crypto, especially your ETH, then you might want to wait.
Although we're SUPER BULLISH on crypto in the long term as an industry, we're quite bearish across all markets in the short-mid term.
What's the saying? History doesn't repeat it self, but it sure does rhyme!
Let's see how the rest of 2022 plays out.
Eyes peeled.
-TucciNomics
Chief Overlord, AlgoBuddy