At the moment, I don't see anything wrong with the market falling.
In summer, the activity of investors and traders always falls, followed by the markets.
So far there is no positive in the global economy, there is no money.
I am considering 2 scenarios:
1) Breaking through an important monthly level and falling to $50,000.
2) Slow growth and breaking through an important monthly level, further growth in the area of $ 90,000, then we need to look at the situation.
In summer, the activity of investors and traders always falls, followed by the markets.
So far there is no positive in the global economy, there is no money.
I am considering 2 scenarios:
1) Breaking through an important monthly level and falling to $50,000.
2) Slow growth and breaking through an important monthly level, further growth in the area of $ 90,000, then we need to look at the situation.
Note
Also, take a close look at the dominance charts. I was building schedules 4 months ago and everything is going exactly according to plan. However, now the plan is leaning towards the fall, that is, 1 option.
Note
Actual
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.