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54596753 No.54596753 [Reply] [Original]

I predict ATH by september, for ETH at least. Thoughts?

>> No.54596795

Noob question, why was the bear/downtrend so much shorter this time?

>> No.54596849

>>54596795
Good question. It was really short

>> No.54596862

>>54596795
Because it's not over yet, this is yet another beak market rally no different from the rest, 10k is programmed

>> No.54596888

>>54596862
I see the arguement, the blue box on right looks like it could be the start of the yellow box on the left. But can you explain without regurgitating meme phrases? What's your arguement?

>> No.54596914

>>54596888
We are still in a downtrend (bearish)
The chart of the recent chart is forming a rising wedge pattern (bearish)
The RSI is overbought on nearly any timeframe (bearish)
The price keeps increasing will the volume keeps decreasing (bearish)

Even IF we were on the start of a bullrun we are due for a massive correction

>> No.54596922

>>54596914
Ty, things to consider

>> No.54596944

>>54596795
>>54596849
>>54596862
>>54596914
Top was november 2021 for fucks sake with and we have had countless gigantic meltdowns in 2022

We've been in a bear market for 15-16 months, what the fuck do you want ffs. Obviously the bottom is in and obviously theres gonna be a new ATH for ETH this or next year while BTC might come later

Youre as fucking stupid as the bulltards as the top. Were NOT going to trend LOWER over the next 6-12 months because the BOTTOM is FUCKING IN

>> No.54596962
File: 715 KB, 1274x866, chrome_7SZj1b8yf0.png [View same] [iqdb] [saucenao] [google]
54596962

>>54596753
hes looking at the USD chart, cute

>> No.54596967

>>54596795
shit is this is a rally that probably will get corrected but NO lower low.

also ETH has fucking godlike tokenomics, no miners to dump it to oblivion, it's motherfucking deflationary -- where are the sellers gonna come from? all speculators are BTFOd from 2022 and theres no miners with phat staxx to dump

>> No.54596983

>>54596967
I'm just being cautious, my bags are packed.

>> No.54597025
File: 122 KB, 874x522, 472819104049.png [View same] [iqdb] [saucenao] [google]
54597025

>>54596944
>Top was november 2021
Checks out, excuse the finger painting

>> No.54597076

>>54597025
I think it might take longer, we're not up only yet because of macro things & still some until BTC halving

Expect ETH to outperform hard, BTC to take the lead sometime late. I'm expecting a two-step double bubble, one ETH driven & one BTC-driven

>> No.54597086

>>54596753
That shit looks like a bear pole and flag so Im setting multiple stop losses just in case this rally fails like all others.

>> No.54597097

>>54596914
>it has to go down because I missed out

>> No.54597120

>>54597076
I'm hoping the triple halving effect was just delayed

>> No.54597143

>>54597120
of course it is, the whole market was melting down. people dont fucking understand it yet

for the entire history of crypto there has NEVER been a such high value network that doesnt rely on inflation to pay its bills. this has driven miners to capitulate over the bear and start of bulls. this is not the case for eth. all we have is fanatics staking & users burning ETH

>> No.54597156

>>54596753
You people are fucking retarded hopium sucking niggers, shit is going to drop hard in June. Literally everyone fucking knows it but you dumb bull preppers.

>> No.54597157

>>54597143
You're making me too excited kek

>> No.54597196

>>54597157
its unironically insanely bullish. where will sellers come from?

its only etiher manipulators & speculators. all the people that are deep into staking know this and expect a lot higher prices. meanwhile the supply is shrinking and more & more people/speculators may want to stake when they finally unerstand becaue its not a one-way ticket anymore

>> No.54597236
File: 53 KB, 597x388, sooply.png [View same] [iqdb] [saucenao] [google]
54597236

>>54597157
>>54597196
look at the motherfucking picrel

see how motherfucking steep the inflation was. all that wouldve been dumped on the market by miners capitulating bc they need to pay for fucking energy. and the longer the bear, the more capitulate, causing a negative reflexive spiral

that shit is OVER and has been the blueprint for crypto sine the absolute very fucking beginning. but not anymore

>> No.54597267

>>54596944
You sound very emotional when the idea is presented to you that the bottom might not actually be in. Almost like max pain would be that the people that have their hopes up that the nightmare is over and the bear market is ended, would have their hopes dashed when it goes right back to the "bottom" and dives under it.

>> No.54597285

>>54597267
>countless nuclear meltdowns in 2022
>not max pain

corn was down motherfucking 77.5% from the top. its not going lower and you know it

>> No.54597289

>>54596753
Way too early for another bullrun. If we get one it won’t be as epic. Eth only to 6-7k

>> No.54597312

>>54597236
Yeh it's insane, hence why I've held on

>> No.54597338

>>54597285
No, I don't know it, nobody knows it for sure, but you sound like a newfag that just joined in 2020. It's not max pain until the majority of people are in disbelief that it's actually going to go back up again. The crash in 2018 was elongated throughout the next year with a dump to 3k. Then afterwards, it went back up to 13k and everyone was ready for it to break ATH, only for it to slide down again and flash crash back to 3.8k. When it finally did start going up again, nobody actually thought it was a bull market for months.

By comparison, all we did was dip from 69k to 15k, and then started rising again? That was not the bottom, this is the hopeful rally of us going back to "normal" in the eyes of bulls. But this doesn't matter, the market will show which of us is right.

>> No.54597350

>>54596967
eth doesn't do anything, btc has the store of value narrative, bsc is the new dominant shitcoin casino (with other L1's also adding competition that wasn't present in 2017). Layer 1 is a race to the bottom, narrative for eth to outpace the market this cycle is nonexistent, more likely scenario is whales are prepping retail to act as exit liquidity (note this isn't bearish for crypto, just eth).

>> No.54597416

>>54597338
i unironcally think the bottom is in. also joined in 2017. i think the breakdown from from 30k -> 20k then the final capitulation to 15k was the bottom. i do NOT think it's gonna go straight up from here, we can very well see 20k again. but you cant pretend that well see the same insane sell pressure we had in 2022 when luna collapsed, ftx collapsed and fed raised rates like madmen. theres not catalyst yet and speculators are already BTFOd. miners will keep capitulating and delaying the bull.

>>54597350
youre an idiot. eth has product market fit and is fucking deflationary. eth doesnt event need a narrative & retail, it just needs users and the holders are not fucking selling.

https://cryptofees.info/
motherfucking $7m in fees just today.

youre an absolute idiot. you just find the narrative after the price has moved, like the rest of the kettle

>> No.54597427

>>54597416
>kettle
i meant cattle FUCK

>> No.54597436

>>54597076
>two-step double bubble, one ETH driven & one BTC-driven
Does this also mean we should expect two altcoin seasons?

>> No.54597437

>>54597338
>by comparison
>doesn’t realise the crash to 3.8k in 2020 was because of a black swan
>thinks it’ll happen again

>> No.54597442

>>54597350
Arbitrum has more volume then bsc retard

>> No.54597450

>>54597436
id say so, yes. the hypothesis is that ETH will drive the first bubble & BTC the second. of course i might be totally wrong like an absolute idiot, but we all guess rite

>> No.54597557
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54597557

>>54597450
I'm personally still leaning bearish overall but did secure a nice position when BTC(16k) and ETH(1k). For tax and gib purposes, I'm not selling (what I feel is) this peak. picrel is how I expected it to play out back in January

>> No.54597575
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54597575

>>54596753
So many fucking "the bullrun is back!!" posts. You can just tell this is a local top.

Every. Single. Time.

>> No.54597594

>>54597557
Either that or we're already in disbelief. Bears seems to be in disbelief now desu.

Of course we can correct down to 20k, but 12-15k is hard. Gonna take some next level US crackdown or insane shit for that to happen

>> No.54597603

>>54597594
or teather/usdc failing, or another exchange crashing, or people defaulting on real world investments, or literally anything because crypto is volatile as fuck.

>> No.54597610

>>54597603
might happen. doesnt have to. i still believe bottom is in.

eth is gonna keep dragging the market up either way, there are much less fundamental eth sellers, like there are for btc

>> No.54597620

>>54597603
>>54597610
when youre grasping for black swans for the price to go down, you dont have the market on your side.

bearish now is retarded, bearish start of 2022 was genius

>> No.54597634

>>54597620
>bearish now is retarded

bearish as in wishing for new lows. bearish for correction now is prob genius

>> No.54597636

More holders with long term conviction means less bottom sellers. Quicker recoveries and higher lows. It's a positive feedback loop.

>> No.54597662

>>54597594
I'll concede that 12-15k sounds way less achievable now after seeing Bitcoin actually reach 30k. This is how I felt back then though, in the midst of so much fear in the market. If I were to reassess, I'd place the next local bottom at 20k (+/-)10%. Even then, it would be too nice of an entry for people who failed to act on the most recent dump to 20k. This is why I feel we could still go even lower than that. The market is unjust and instills maximum pain because it is heavily manipulated.

>> No.54597668

>>54596862
yeah 10k eth, faggot

>> No.54597692

>>54597338
are you fucking retarded? literally every facet of the crypto-economy died in 2021-22, including major coins (LUNA), lenders (Genesis, Celsius, Blockfi), exchanges (FTX), hedge funds (3AC), etc etc

this was one of the most brutal cycles in terms of the sheer carnage it inflicted on all areas of the crypto ecosystem. At one point it was legitimately embarrassing to talk about or associate yourself with crypto because it was fraud and ineptitude all the way down. Every institution that jumped in got burned and came out looking like the money-hungry, ignorant retards we know they are. NO ONE was ever going to believe in or own crypto again after it had its moment in the sun and failed spectacularly

>> No.54597717

>>54597662
market will either deny bulls a low buy-in or dump harder to break bulls into capitulating / bears into euphoria

i honestly think the latter is more likely bc were still in a (((bear))) market, but who knows

>> No.54597722
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54597722

>>54596862
10K IS PROGRAMMED!!!!!
10K IS PRO-GRAMMED!!!!!!!!!!!!!!
TEN KAY IS PROGRAMMED THOUGH!!!!!! WAHHHHHHHHHHHHHhhhhhhhhhhhhhhhh
WAHHHHHHHHHHHHHHHHHHHHHH

>> No.54597730

>>54596753
Ath is 70-75k
Don't get greedy anons. Get out at 65k-70k
Everyone will be calling for 100k at minimum

>> No.54597733

>>54597730
double bubble theory

>> No.54597739

>>54597350
>this is what bitcuck maxis and newfaggots think in 2023

>> No.54597740

cme gaps are 20k and 35k thsts your macro range now

>> No.54597788

>>54597236
Bros, we're gonna be rich. Here's my plan: buy property in South East Asia and South America and bang hot young Asians and Latinas until the day I die.

>> No.54597807

>>54597338
You are the investor who is in disbelief. Just start making some small buys, dude. No one knows what will happen, but I think it's very likely that the bottom is in, and now we slowly work our way back up.

>> No.54597852

>>54597338
3.8k was because of covid you disgusting retarded liar

>> No.54597887

It's a bull run! Keep buying biz! Everyone here on biz buy, spend all your money buying! Do it buy buy buy buy buy! Be the exit liquidity the rich people you hate so much need you to be.
Just kidding.
Bear market! Sell everything! Dump all your bags right now, everything all at once in one giant market sell! Dump it all sell sell sell sell sell! Be the capitulators the rich people you hate so much want you to be.

>> No.54598109
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54598109

>>54597338
Yah and in 2017 BTC increased monotonically, this cycle won't be like last cycle newfag.

>> No.54598838

>>54596753
the 50 bar moving average is trending down and the 100 bar is cresting and maybe about to turn down

>> No.54599130

>>54596753
Not only ETH but many other altcoins are performing and maybe you are not seeing them. I like what AVAX is doing but fuck, but this is not the bull I used to know. Everything should be moving now. My SPOOL and RDNT bags are parabolic with new innovatiosn they would move anyways.

>> No.54599712

>>54597887
keep buying what? I'm already freaking out.

>> No.54599920

>>54596795
it wasn't though

>> No.54600222
File: 137 KB, 1219x1205, avax.jpg [View same] [iqdb] [saucenao] [google]
54600222

>>54599130
AVAX is dropping here compared to ETH

>> No.54600250

>>54596795
In literally every single cycle before now the bottom was well in before now.

>> No.54600323

>>54600222
probably retracing to gather better momentum.

>> No.54600336

>>54600323
kek

>> No.54600371

>>54596944
can't wait to see your arrogant face when we hit new lows later this year

>> No.54600394

>>54600371
Who cares, just buy more retard.

>> No.54600518

>>54597416
binance collapse when

>> No.54600594

>>54596753
I can tell it from my NXRA bag right now.

>> No.54600621

>>54597692
>NO ONE was ever going to believe in or own crypto again after it had its moment in the sun and failed spectacularly

People are stupid and forgetful. Doesn't matter if it was at one point embarrassing to be associated with crypto. All it will take is some normie new sources to say CRYPTO IS GREAT and everyone in the world will be bullish on the entire thing. You know this to be true. Just let it happen kek

>> No.54600632

eth is boomer obsolete shit already. also it's russian and that word is not trending rn at all.

bnb is a knock-off chinese copy. and thats a also no-no word.

only western version(s) are XRP's XRPL(extremely fast, the fastest network, aldso the most eco-friendly)

ICP (overkill tech)

HBAR(overkill tech)

this thread sounds so fucking reddit -tier than i cannot even imagine. keep holding your dinosaur tech which has 1-100+$ fees depends on the days.

XRP has 0,000- fees.

>> No.54600670

>>54596862
You're gonna be sick when you consider that we may have already touched 10k. Considering inflation and the money supply. It's true our course was 10k all along. But the environment shifted us into a multiversal planet. It's like we are on the planet of the apes. The plot twist, not the retarded investor meme.

>> No.54600676

>>54600632
Your nigger western chains are the equivalent of bsv and bth

>> No.54600688

>>54600670
A little schizo. But I mean to say. Because of Inflation. Our intended 10k became 15k.

>> No.54600694

>>54600371
I imagine China fuckery some sort, jacking up US inflation numbers and making FED act again causing panic in markets, just as they seem to turned dowish

>> No.54600729

>>54600688
People really don't appreciate this and it's distorting all markets. The crash they waited for happened already. The bear market has been a year and a half, even the GFC didn't last much longer .

I had 14k as a target, but still bought 15-20 like it was a buffet. You don't pick the absolute bottom you DCA into a range where a bottom is likely forming. "Don't buy unless it's 10k!" Why? Is the difference between 15 and 10 , and all points between that significant if BTC is over 200k. The risk asymmetry can quickly shift into being on the sidelines.
Still is.

If you get another swing at sub 24k BTC, go hard.

>> No.54600749
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54600749

>>54597097
Just DCA while you still can. ETH, FLUX, GRT, and UTK are solid gems you can start slurping up at the moment. Miss them at this price and have fun staying poor.

>> No.54600757

>>54596795
I bought the dip

>> No.54600769

>>54597236
Yes but also eth switched to pos which reduces security of the network reducing its value. Reduction in eth usage will also result in accelerated inflation

>> No.54600788

>>54597416
>the holders are not fucking selling.
People still need to realize they can unstake their forgotten eth

>> No.54600796

>>54597807
From all indications, this dude is a total noob and won't even see this pump coming. I feel bad for the normies who still listen to the ramblings of a clueless old Joe when real chads are busy accumulating solid gems like ETH, FET, OCEAN, IOTX, and QANX that are guaranteed to make them rich AF.

>> No.54601077

>>54596862
Get fucked in the ass, homo

>> No.54601184

>>54597097
We still have CYMI in close range. It is time to fucking buy.

>> No.54601200

>>54596862
Your mom is programmed
KWAB

>> No.54601208

>>54596944
It's posts like this that really reinforce my doubt the bull market is on.

>> No.54601838

>>54597730
>sell during price discovery

>> No.54601893

>>54596795
The double peak we had shortened the bear market by atleast a year. Next cycle will be even shorter, until it's nothing but bull

>> No.54601967

>>54596967
>ETH has fucking godlike tokenomics, no miners to dump it to oblivion, it's motherfucking deflationary -- where are the sellers gonna come from? all speculators are BTFOd from 2022 and theres no miners with phat staxx to dump

>>54597143
>for the entire history of crypto there has NEVER been a such high value network that doesnt rely on inflation to pay its bills. this has driven miners to capitulate over the bear and start of bulls. this is not the case for eth. all we have is fanatics staking & users burning ETH

Thanks, interesting take

>> No.54602869

My god, based on the comments we might actually be in disbelief

>> No.54603646

>>54600769
Pleb take. Makes sense if youre a BTC maxi when all you have is security LOL. A valuable network needs security, not the other way

>>54601208
sorry i got carried away. but what more do you want of the bear srsly? tho absence of bear doenst mean bull. market similar to 21 is still years away

>> No.54603675

returning to 400$, enjoy the run

>> No.54603978

>>54601184
CYMI, ORE and Ocean will be a good gain.

>> No.54604024

>Funni colours

>> No.54604027

>>54596753
You are making me too excited because my NXRA and ETH bags are packed. Kek

>> No.54604159

I'll just start buying january 2024, worked last cycle, probably will work now

>> No.54604229
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54604229

seethe if you miss it.

>> No.54604253

>>54603978
I can vouch for CYMI because I know it provides utility for crypto payment adoption.

>> No.54604424

>>54604027
You could be more happier with DiD and AI tokens in your bag.

>> No.54604454

>>54600729
I'll be diving in on 25k-26k like its the last drop of water in the oasis.

>> No.54604460

>>54596862
Unironically this.

>> No.54604534

>>54600676
Bsv wont let cryptokitties kill it's chain at least

>> No.54604558
File: 238 KB, 3115x1805, current_vs_last_cycle.png [View same] [iqdb] [saucenao] [google]
54604558

>>54596753
>>54596795

> why was the bear/downtrend so much shorter this time

It's following the last cycle graph to the letter. Here is an overlay.