The Dow and S&P will recover too. Fed will most likely bail us out so it doesn’t last all year. Kicking the can down the road again.
Tesla hit a 9 last month and so did the S&P and Dow. Should rebound in 1-4 months according to the Tone Vays TI i use.
BTC looks to be choppy for a month or 2. Expect a Breakout in May to all time highs. $100k plus this year.
Looks Bullish with the Mac D getting ready to reverse and the red 9 tomorrow.
The red 7 candle on Tuesday looks like a capitulation. Thursday either hits the red nine or turns into green 1. Tomorrow or Friday it should start moving up with some mOMENTUM. Looking for a Tuesday acquisition announcement each week. Since Patents are only issued on Tuesdays and I believe they will get there Patent approved and do the PKG deal the same day.
If the Dow falls 53% again, look at the dramatic difference from 2007. It took 583 days to hit bottom. Looks like the FED is going to prop it up for awhile after todays meeting, but just thought i would show this on a chart.
I think it retraces to the 39,300 range before turning up and sideways for a few months. Looking for a breakout in May once the stock market settles.
Once the deal is done CBBT should head north of this channel.. Red 9 is coming Thursday. Should see it moving up even without the deal finalizing.
I think the Dow and S&P will drop and BTC will follow for a month or 2. Once the shakeout is over BTC should start moving in May.
I think the next few months are going to be choppy because the Dow and S&P are both going to take a break. People will pull money from bitcoin just to cover their losses in the market. Then in May bitcoin should recover and catch fire. Unless the government Prince a few more trillion dollars and buy stock again. But I don’t think they’re doing that anymore
Expect a pullback of 1-4 months.
We probably seen the highs for Tesla for a few months. It’s on a monthly9 and so is the Dow.
Dow is pressing higher but expect a rough few months soon. Stimulus from the government is the only thing propping it up right now.
Last time it retraced 30%. Lets see if it gets to the 68,000 mark and does it again.
CBBT is ready for a huge breakout. PKG merger is almost done and the Patent is coming next. No other reason for PKG to merge with CBBT.