Nasdaq looking toppyA picture is worth 1000 words. I post a lot of these long term charts but it's so fun I can't stop. As the inflation narrative continues pushing up prices and accelerating mania could we find ourselves in a massive deflationary de-leveraging credit crunch trend?
Conquer the crash 2020
1999
Spx fork from 1999 top to 2008 crashThe fork was built on weekly resolution which effects presentation in monthly view.
Does this alter your perceptions?
Can the market go up forever? What's the headline coming up in the next couple weeks?
Hopefully nothing.
I heard there is ATH leverage across the market, dangerous times for capital if we do not prepare.
Just for fun, not financial advice.
S&P500 long term trendsI do this because it's fun, not financial advice. Anything is possible but TA shows what's probable. These trends land near presidential inauguration days. It seems probable that there is more gas in the tank for stocks and we will get a 1999ish finish in 2029.
Is blockchain involved with the potential echo?
We will see.
"History doesn't repeat itself but it often rhymes"
-Mark Twain? 🔮
Technical echo of March 1991-1999 Blockchain (or?) mania fueled with low interest rates and QE infinity sends us into another 8 years of "growth", in 2029 the music stops.
This is only technical speculation and I'm no expert but I found the potential for pattern repeat and even narrative repeat interesting.
Fishing for commentary
Bitshares! Time to party like its 1999 $BTSBTCGood evening followers,
Today I am providing you, a high timeframe chart of Bitshares. Indicators are starting to look very promising, as is the chart. After having broken the longterm wedge, BTSBTC has transformed into a fantastic bullmarket, showing beautiful potential for significant gains. As mentioned above, this is a high timeframe chart (1d), to which I will be trying to ride the big waves. The fantastic crash cycle has ended, and is ready for a fresh new start- having seen the first wave to which we are breaking out . As volume is gradually decreasing as we move up, I am expecting a massive volume surge within coming week, breaking out of current levels (upwards).
Thanks for reading, may you have any questions or remarks feel free to post them beneath!
Kind regards,
Gabriel Molenkamp