We've reached long term support. Also, there are 3 market cycles that have completed at consistent intervals over the same time frame, I would expect this trend to continue. Each cycle is becoming less impressive from a % basis, but as the market cap increases this is no surprise. The retracements on each cycle have been nearly identical, also supporting an entry here.
Comment:
Wow...market is in turmoil obviously. Remember, Fomo/Fud, then Fundamentals, then T/A in that order. Major FUD happening, likely due to ETH problems last week. I can tell you I believe in this market longer term, and believe it's only the beginning. If you're not over-exposed on margin longs....relax...take a walk, and buy some low points.