The red trend is lost and it looks like we created a new trend which is kinda sharp. If it follows we could reach 200k in the end of the year. Which looks in my eyes way to fast. But when we it was 200 everyone did say it is impossible to get back to 500. When it was 500 a 1000 was way to much when it was 1000, 5000 was way to much and go on and on.
History return and Technical Analyses does not matter. Crypto don't care about what wallstreet says or does. Because wallstreet lost their power in crypto. Why is this possible. It looks like real money does not matter if the whales want it to go up it will go up they will create the best environment and plan how they want it to go. Also this looks like exact...
Like we know the NDX and many other stocks are over valued. Based on the fisher index we are at current highs which need a correction. If I had any long position on the NDX I should sell them now absolutly. I don't really expect a fall of thousands of pips but a retracemend to around 3500 to 3800 around this range is possible. The bubble is not in tech but tech...
I guess we are in a overvalued state. Many signs say this. And normally we have around every 8 year a down trend in de markets. But like the chart says we are not heavy over valued but we are overvalued compared to the year 2000. But like always time will tell us. Short term we will must see some bearish movement.
Based on a chart made by Spacetrader: I see Bitcoin going over 60k dollar. A exact price target is impossible to say. But calling Bitcoin in a bubble on current levels is nuts. There is no indication bitcoin will any time soon going down. Bitcoin is still young and in a growing phase. In many countries bitcoin becomes legal. And many countries see the new...
Chart speaks for it own. Long term outlook still bullish.
While I was reviewing my previous chart I saw a pattern something what already happened is doing the same thing again.
Maybe a sell maybe a buy maybe just nothing.