Users: sandunes: slopechart_$ETH.jpg

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Since we have been discussing fibs around here lately, here is one with a small story. 

A year ago the things I like to use to decide whether to trade in crypto land told me the bear was inbound. You could say I was wrong, based on price alone. Bitcoin, Eth, and lots of other alt coins did have a terrifying sell off at the point, but bounced back and went on to make new all time highs. 

I am stubborn. I think the high in May of 2021 was the real 'all time high'. I anchored my long term fib retracements from the 2021 high and the 2018 low. .618 (grey line) ends up also being the neckline. Anchoring to the more recent high and everything goes off into lala land. 

I thought that was neat.