Crash
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Recap: Bitcoin along with the US market should take a decent hit sometime this week due to the continuation of strength in the US dollar . Bear-Index's, the dollar, and energy appear to be where the money will be flowing during this period if this does play out. This would lead to a temporary slowdown in the growing Chinese economy and allow it to retest support.
The likelihood of a 12k-15k scenario is increasing.
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SPX repeating 1987?SPX hits 4.618 perfectly after a massive 12 year rally .
The question is where does the SPX bottom? , best case scenario we bottom at the 2.618 and worst case the 1.618, we have been here before , we have to go back in time to 1987.
Does it look familiar?, we have a very similar looking price structure. From 1968 to 1974 we created this double top structure with a lower low being made in 1974 only to reverse to the upside for 4600 days before nearly hitting the 4.618 and pullbacking back to the 2.618.
Present day we have the same setup , a double top formation starting from the year 2000 then creating a lower low (red circle) only to reverse to the upside yet again for guess what 4600 days, yet that's right the exact same time.
So if history repeats the SPX 500 has more to go , bringing it down to the 2.618 at 3000 points which would be a total of 37% from all time high. The question is does it then reverse up like 1987 ? or do we continue lower.
If the SPX 500 did in fact make a move lower to the 2.618 or even the 1.618 I really don't know how low Bitcoin would go; it's never gone through a stock market drawdown of this magnitude since it was created in the 2008 real estate crash.
THE BITCOIN CRASHIt is clear that the cryptocurrency bubble has suffered a fall, but the worst is yet to come.
Bitcoin does not have any kind of value, and this reminds me of the .com bubble of 99... where only those companies that really provided good value survived.
Well, I think something will happen this way with the "Blockchain" technology. Many worthless projects will be destroyed and only those with a very good value will survive in the future.
The currency "Bitcoin" is not a PONZI. What is a PONZI is the number of projects that are created in order to scam people, we have already seen many scams... Squidgame token... Omicron Coin... LUNA... USDT??
These scam projects or projects with pure FOMO and meaningless, as they happened in the 99's, will devastate the entire Blockchain and economic sector...
Bitcoin has provided a great technology, the "Blockchain" that is why I appreciate it like many other people. Bitcoin is great and I'm a big fan of it, but sadly, the bubble is going to burst.
Without a doubt THE WORST WORLD CRISIS as I mentioned in my other article of "2023 Global Crisis". It's literally not one bubble, it's several... You would see this bubble as a bubble within a bubble within a bubble within a bubble within a bubble within a BIG bubble. If any bubble bursts (which will burst), the rest will too, maybe a little longer or a little less, but they will.
In the graph you can see that my levels to which Bitcoin can fall are between $6,000 and $25
Some people will call me crazy, but in reality my figure is not true since no one can predict the PRICE of the market. What people can predict is how other people predict a price with FOMO. You don't have to be a genius to see it, you just have to walk away from the party and see how others enjoy very loud music while the next morning everyone is on the floor.
Please do your own research and do a lot of research on this. DO NOT PUT YOUR MONEY IN CRYPTO STABLE COINS, Thanks.
I AM NOT A FINANCIAL ADVISOR. YOU AND ONLY YOU ARE RESPONSIBLE FOR YOUR INVESTMENTS AFTER READING THIS ARTICLE.
Thank for reading this article (if anyone has read it),
A pleasure to share my advice,
Esiquiel ;)
Be Weary of Small Caps.Hey Traders,
Disclaimer I own very small amount of API3 however, do not margin/ long it. THe MM will try moving smalls tonight in order to escape, also keep in mind that API3 is fundamentally a good chain because it can run automated makers such as Chainlink. The only problem is that we need to flush out the MM
Safe Trading,
Pulkanator
QQQ potential redistribution Hey all,
I've been strong on the idea that we are currently redistributing on the next leg lower and are somewhat repeating the exact same patterns we made ahead of the March rally that faked many into flipping bullish. I believe we will redistribute in an eerily similar manner, especially considering what the indices-moving names are doing. Considering history, next week should be choppy, possibly testing new lows on certain names on the Q's and on the Q's itself, only to bounce in an incredibly strong way that will fake many into being bullish (as it happened in March). I warn you guys, even though I believe we will either reach or breach critical resistance at 314, I firmly believe will all be a fakeout rally ahead of an acceleration downwards. Be careful of traps to both sides and best of luck in your trading!
Repeating market crashes...Hey guys,
If you look very closely, I think GES is repeating the same pattern it made in 2008, with some similarities to what it did in 2000. Today, the stock noticeably held its most critical support level just above $16, and I think it is likely it will rally into mid-late July. That being said, I fully expect that rally to be faded and a violent markdown phase to occur as it did in 2000/2008. Keep an eye out on this one bears as this could move down very fast when the time is right.
Cash Cow Prediction Short Time FrameLUNC has been playing with peoples heart and money since the original Luna crash and the depegging of UST from the dollar. The last few days have shown an immense level of growth...returning it to close to the original listing price a few weeks ago. Currently the top is forming a large H&S on the 15 min, indicating a big dump en route. Hope y'all make it in time. Good luck!
#HEX still under control of the BEARS!From the inverse HVF funnel formation and break.
HEX dropped below 3 cents
A return move to the initial funnel range , seems to be a relief rally.
If #Bitcoin does continue on below $15,000 and under
The projection of HEX to reach a penny for a capitulatory, cycle bottom still exists.
This I believe will set up for a fantastic reflation period of #crypto going into 2023 and the next cycle top in 2025.
A few more months of pain , but the rewards for sticking around, and being patient will reward some of us. Not everyone can make it despite the great design mechanics of HEX , this is still highly speculative and the volatility wears on even the strong minded.
Survive to Thrive!
Dollar Crash Coming Primed READY!~Liquidity Grab, Looking at Two POI's, Second Level is a Monthly POI
Levels where failure can be put into play,
First Target Below, Long Term Target to Follow,
Always good to know what DXY is doing, understanding of this can be massive on other ASSETS!
Something is brewing,
Good Luck Traders!~
MSFT redistributingHey y'all
I've been watching MSFT as of late as I think it is in the process of redistribution before the next leg down. If you take a close look at what MSFT has been doing lately, you may notice that what it is doing looks quite similar to the leadup to the fakeout rally it had in March. I am currently expecting a very similar move, and am looking to buy any new 52-week-low in MSFT to benefit from such a fakeout rally that I expect could take it to the high 270's, all before shorting it when it gets up there. There are plenty of reasons to suspect the rally would get faded should it get to the high 270's as I am predicting, not to mention how high up MSFT is relatively and its high P/E ratio . Moreover, it is fresh off of distribution.
Disclaimer: I believe we're at the end of a market cycle(a crash) and are in the process of redistributing before the next leg lower
AAPL redistribution before next leg lowerHey everybody,
I've been noticing that the patterns leading up to the fakeout rallies in March have been repeating themselves in numerous market-moving names- namely NVDA, MSFT, and AMZN. I think there's a strong possibility that AAPL goes to test new lows in the next two weeks, only to be met with tremendous buying pressure that will subsequently lead to a fakeout rally that could take it to around $150/share before the next leg lower(redistribution). I think this could push AAPL to the low 100's and possibly double digits by the end of Summer. I am expecting to play this both ways- I will buy any 52-week low made on AAPL in anticipation of a large countertrend rally, and I will subsequently sell the rip and possibly short it in anticipation of the next leg lower. Mind you AAPL is still very high up relative to some other names.
Disclaimer: I do believe we're at the end of a market cycle(a crash) and are simply redistributing before the next leg lower which should begin sometime around late July or early August.