Objectively the most bullish thing about $BTC & $ETH (from a TA standpoint) is how everyone agrees that the past 2 months of price action doesn’t look like a bottom.
“I’ve never seen BTC bottom like this before”
“There are too many unswept lows”
Here’s the thing… I agree with you. I’ve been trading crypto for 7 years now & I’ve never seen a BTC bottom look like this.
I have however seen the majority of $ETH bottoms look exactly like this. ETH loves to leave lows behind.
We’ll see what happens here & we’ll know soon enough.
But one thing is for sure… the two most crowded ideas I’ve seen as of recent is that this is a replica of the 2022 shoulder & that this doesn’t look like a bottom.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Objectively the most bullish thing about $BTC & $ETH (from a TA standpoint) is how everyone agrees that the past 2 months of price action doesn’t look like a bottom.
“I’ve never seen BTC bottom like this before”
“There are too many unswept lows”
Here’s the thing… I agree with you. I’ve been trading crypto for 7 years now & I’ve never seen a BTC bottom look like this.
I have however seen the majority of $ETH bottoms look exactly like this. ETH loves to leave lows behind.
We’ll see what happens here & we’ll know soon enough.
But one thing is for sure… the two most crowded ideas I’ve seen as of recent is that this is a replica of the 2022 shoulder & that this doesn’t look like a bottom.