It really is starting to look grim. Even some of the best analysts are starting to doubt the validity of the bull.
That’s right where the market wants people to be and in fact where it has to go in order for a turn around.
In today’s end of week update I am going to give my complete thoughts on the state of this market and why we are approaching what I see as the biggest time factor of the first quarter.
We have to look at the good, the bad and the ugly here and be realistic about what the charts may be telling us.
The reality is that BTC looks fine and is still trading in a huge channel that has yet to break either direction.
ETH on the other hand would certainly make anyone believe it’s in trouble if that wasn’t already obvious. However, there is one precedent to this situation and that is covid which just so happens to be 60 months ago.
So watch the video to see why relief is almost certainly around the corner. But that doesn’t mean it’s time to relax. What the relief rally looks like into our key dates in Q2 will tell us whether or not it’s time to put on the bear coat.
