2023 Crypto Echo Bubble will top out between 30 and 31k.

26 בינו׳ 2023

I've overlayed a fractal of the rally from July 2021 lows to November 2021 highs. Maybe we don't take the double top this time and just go straight down after a tap of 30k. The market and sentiment parallels are there - a derivatives led rally with a steady spot bid that catches everyone off gaurd and forces traders to chase on leverage. A rally that ends in devestation once the biggest players begin to derisk.