Not many stories had as much breathless reporting lately as the Ethereum Merge. It’s all the crypto world was talking about. Understandable, I suppose, since crypto has been such an utter trainwreck this year, the HODL zealots were looking for some reason to explain how things were about to get better.
Thus, the market kept creeping higher until the big event. Then, the big event happened. And then, it dawned on people that it doesn't matter.
As a chartist, I‘ve mentioned about every three hours how crucial the trendline is. Break it – or, better yet, break that dashed line – and I believe all holy hell is going to break loose, which is just my cup of tea.
Meanwhile, I believe Bitcoin will slip under its last Fibonacci support level and descend into the void. Void.
