Another Crash Immanent?I noticed that the current rally in the S&P 500 shares fractal like similarities to the pre-crash market. Running through some trendline analysis with support becoming resistance on both the pre-crash and post crash rally it appears that we could see a similar February like crash coming to the new rally. Obviously markets aren't always the same but there is a great deal of symmetry throughout the market, in patterns like head and shoulders for instance. Something to watch out for as the market gives us more clarity in the next few days. Who can honestly say the current rally is representative of the fundamentals in the real economy right now? Another crash might be unavoidable.
Crashpattern
(Modern Economic History) The Crash before the Crash? There are several types of "Crashes before the Crash"
Types of "Crashes before the Crash" Include:
1. "Fundamental Collapse" A foundational collapse where everyone is suppose to learn an important economic or philosophical "lesson". An entire Era and "economic school" collapses and "students (traders)" never return to class for at least a semester? Considered an "essentially" collapse where everyone knows something was going wrong and yet they still allow the collapse!?
2. "Popular Crash" or "Sudden and Quick Collapse". (which also includes sudden computer or mathematical algorithms high frequency collapses)
3. Controlled Crash (slow economic collapse)
4. Euphoric Collapse (blips and glitches) "Economic Echos" and "general taps and reminders from god"
All of these types of Crashes or Collapses can be very painful over a long period of time. Sometimes for 20 to 30+ years like the "Great Depression" that lasted into the middle 1955's (and all grandparents still remember). These types of crashes can also be about "food" and "all life on earth". Simple Controlled Crashes can also last 2 or 3 years like in ones that started in 2000 and 2008.
"crash before the crash"?
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US 30 Breaking the 200 WMA: Great Crash of 2020Breaking the 200 week MA is a severe technical breakdown. Becomes bottomless after this. Last seen in 2008, 56% selloff.
Panic selloff. Irrational exuberance replaced by irrational fear. Short the rallies, try not to get killed; GLTA!
Not advice, clearly just an irrational idea. A fierce bear rally can occur at any time, trade at your own risk.
Ladys&Gentlemen: BITCOIN -The great FOMO depression of 2020-2022Hi,
this is the BTC view. Please also watch my Dow Jones chart of the great FOMO depression.
as i´m professional lazy i will not write too much,
The corona virus is a catalyst for the great FOMO depression of 2020-2022.
As you can see, (watch DOW JONES chart "the great FOMO depression") we have the same pattern like the great depression at the beginning of the 19th. century.
Bitcoin and Cryptocurrencies will solve the liquidity crisis, bring new value into the world via smart contracts and a new decentralized financial system through Ethereum and other great blockchains...
The estimated high of BTC in the year June/july 2022 will correlate with the estimated low of the Dow Jones. So open up an international broker account and learn to pick the solid companies which will prosper.
The world will not end. The Dow Jones low of 2008 is not the end. It is a new start. A once in a lifetime opportunity.
I wish you all the best
Ladys and Gentlemen: The great FOMO depression of 2020-2022. Hi,
as i´m professional lazy i will not write too much,
The corona virus is a catalyst for the great FOMO depression of 2020-2022.
As you can see, we have the same pattern like the great depression at the beginning of the 19th. century.
Please also watch my Bitcoin Chart Version of "The great FOMO depression of 2020-2022"
Bitcoin and Cryptocurrencies will solve the liquidity crisis, bring new value into the world via smart contracts and a new decentralized financial system through Ethereum and other great blockchains...
The estimated high of BTC will correlate with the estimated low of the Dow Jones. So open up an international broker account and learn to pick the solid companies which will prosper.
The world will not end. The Dow Jones low of 2008 is not the end. It is a new start. A once in a lifetime opportunity.
I wish you all the best
Chinese New Year - massive dump is most probably scenario !!!RSI is hitting the upper line, which never failed in BTC history to predict imminent crashing event.
On the other hand, talking about fundamental analysis, Chinese New Yea r event is going to happen in two weeks.
Historically, every January , BTC has had great price rise movements (5-10%) between 3th-7th January and massive DUMPS a few days later as you can check it out here:
1. 2015 (14 January) - Dump from 320$ to 150$, which is -50%
2. 2016 (16 January) - Dump from $460$ to $360$, which is -20%
3. 2017 (11 January) - Dump from $1120 to $770, which is -35%
4. 2018 (16 January) - Dump from 17500$ to $9700, which is -45%
5. 2019 (10 January) - Dump from 4000$ to $3500, which is -15%
6. 2020 (?)
Why this happens ? Because Chinese New Year , which is like western Xmas seasonal sell off, but much bigger. This massive dumps happens 10-15 days before Chinese New Year date.
In 3-7 days we will see how much % BTC will drop . My best is 30% = $5,000, reaching out the bottom at early Spring ($3,000) right before long trend reversal.
BTC Crash every January (-15 to -50%)As you can check it out here:
1. 2015 (14 January) - Dump from 320$ to 150$, which is -50%
2. 2016 (16 January) - Dump from $460$ to $360$, which is -20%
3. 2017 (11 January) - Dump from $1120 to $770, which is -35%
4. 2018 (16 January) - Dump from 17500$ to $9700, which is -45%
5. 2019 (10 January) - Dump from 4000$ to $3500, which is -15%
6. 2020 (?)
In 10 days we will see how much % BTC will drop. My best is 30% = $5,000, reaching out the bottom at early Spring ($3,000) right before long trend reversal.
This is why BTC will drop to $3.000.doji pattern with low peak 2019 volume record bearish longterm trend
. 3 days prior to Xmas Day Selloff
. Bearish Cross on 3-Day ( only third time in BTC 's history, all previous ones set up a new midterm-6months bearish market with 50% losses )
. Bulls shorted at 7500 peak three days ago achieving 15% gains :dollar:
Only men blinded by pigheadedness wouldn't see the massive dump that it's comming.
BTC DOWNtrend is REALWe pumped from 7.400 to 9.600 (29%) two months ago, but the bear trendline kept his downtrend :downtrend: continued.
24h ago, BTC hit 6.500 following a (15%) pump wave til 7.500 peak. Nice short profits, now back to the main longterm trend.
Bulls are enjoying a small flash pump which is necessary in any trend (up or down) in order to short and continue the trend.
BTC trend remains the same; downtrend .
Most FA and TA, even the mainly one 200EMA, are still intact. These indicators explain how BTC will hit 3k :downtrend: by early Spring.
horterm: downtrend ($6800)
Midterm: downtrend ($5900)
Longterm: downtrend ($3000) - March 2020
6K is imminent, $5.000 soon.As you can see BTC is repeating the same pattern which was played out the previous year, just quicker.
if 7.050 is broken, which is most probably scenario, then 6k will be displayed for a few days as the new support .
The chart is showing up 200EMA indicator , the only reliable indicator for BTC .
This idea displays an unavoidable scenario: bulls are doing their best to stop the price crash without luck. BTC will drop to $5.000 in the following weeks (1-2).
On the other hand the volume is decreasing, which supports the idea about sideway trading = further price crash.
As previously discussed, 200EMA is so far away, minning cost s for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings.
In a nutshel, most of indicators show up strong SELL signals.
There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable.
Furthermore, there's an special interest for whales about stretching out the bottom ($4.000) in order to make bigger gains in late 2020 (Expect a cup and handle pattern which plays the keyrole for trend switcher).
BTC probably will drop to 6k in the following day/s and if that happens, we can talk freely about 5k before Xma s.
Open shorts whenever you got a profit (even if that's less than 1%) while you can do it. Stop losses = 1%.
BTC repeating patterns, what a surprise. 5k in 1-2 weeks !!!!!As you can see BTC is repeating the same patter n which was played out the previous year, just quicker.
if 7.100 is broken, which is most probably scenario, then 6k will be displayed for a few days as the new support .
The chart is showing up 200EMA indicator, the only reliable indicator for BTC .
This idea displays an unavoidable scenario: bulls are doing their best to stop the price crash without luck. BTC will drop to $5.000 in the following weeks (1-2).
On the other hand the volume is decreasing, which supports the idea about sideway trading = further price crash.
As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings.
In a nutshel, most of indicators show up strong SELL signals.
There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable.
Furthermore, there's an special interest for whales about stretching out the bottom ($4.000) in order to make bigger gains in late 2020 [/b (Expect a cup and handle pattern which plays the keyrole for trend switcher).
BTC probably will drop to 6k in the following day/s and if that happens, we can talk freely about 5k for mid December .
Open shorts whenever you got a profit (even if that's less than 1%) while you can do it. Stop losses = 1%.