On the 4th of May I said the previous Bitcoin and Ethereum Crash in 2018 would very likely repeat Ethereum once again spookily replaying the pattern.
…..and here we are…. And if I clean it up the 2017-2018 chart you will see my point with more clarity. Its worth going a step further with the ole MSPaint.
I think the conclusion is self-evident and choices clear.
Discount charts. Be out of Crypto or at least go risk off. Decide to just HODL come what may. Or danm the torpedos full steam ahead.
To be clear, I’m out 99% of anything but stablecoin. A crash in BTC will flatten everything or at least all but the most robust and sensibly valued coin or token.
I reiterate, if this crash repeats it’s a gift from the money heaven to make a fortune over the next cycle. The cycle will morph for sure but it is highly likely to kind of repeat and the next boom/bubble will come from the next halvening. Meanwhile there will be developing cycles in DeFi, NFT and I predict at least one segment we haven’t even heard of yet.
As such this crash is the beginning onf a yet bigger wave not the end of the world.