1. ETH BTC chart: touching resistance cup and handle, symmetrical triangle
2. Previous bull run we also had a pump after 40% in the bear market.
2017 October 277 to 419 October 40%
2018 July: 5900 to 8600 37%
2022 July: 17000 to 23700 = 32%!
3. April trend line is being touched, third time we touch it
4. USA interest hike meeting in a week
5. ECB interest hike coming
6. RSI 1H shows very high values just as before previous crashes
7. Dollar still strong -> interest hikes for a full year
8. Everyone is rekt, no retail money to pump crypto (whales buy now, remaining retail fomo now, lose everything)
9. Lots of LONGS in the 18-20k area seen in heat map, these are juicy to liquidate
10. RSI monthly usually had us in bear market territory for 400+ days, we just began capitulating
2. Previous bull run we also had a pump after 40% in the bear market.
2017 October 277 to 419 October 40%
2018 July: 5900 to 8600 37%
2022 July: 17000 to 23700 = 32%!
3. April trend line is being touched, third time we touch it
4. USA interest hike meeting in a week
5. ECB interest hike coming
6. RSI 1H shows very high values just as before previous crashes
7. Dollar still strong -> interest hikes for a full year
8. Everyone is rekt, no retail money to pump crypto (whales buy now, remaining retail fomo now, lose everything)
9. Lots of LONGS in the 18-20k area seen in heat map, these are juicy to liquidate
10. RSI monthly usually had us in bear market territory for 400+ days, we just began capitulating