During September and October we seen incredible amounts of crypto mania. The comments section on this site on bearish forecasts were a complete state. During the period of Sept - Jan I turned off my comment notifications here. It simply was not worth reading them.
And this might have been the final expression of mega mania. These people may be in for the very long squeeze.
This analysis assumes we're in a weekly chart version of the same drop from 2017 - 2019. If so, everything should be 5 - 7 times longer.
The first drop off the high took a month in 2017. It's taken 7 months in 2021- 2022.
The following bear market would take 1 year and 4 months - BTC may see a decade bear.
Seems a very credible threat.
And this might have been the final expression of mega mania. These people may be in for the very long squeeze.
This analysis assumes we're in a weekly chart version of the same drop from 2017 - 2019. If so, everything should be 5 - 7 times longer.
The first drop off the high took a month in 2017. It's taken 7 months in 2021- 2022.
The following bear market would take 1 year and 4 months - BTC may see a decade bear.
Seems a very credible threat.
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