*The two largest point drops in history occurred the week of February 5, 2018, though this chiefly reflects the absolute magnitude of the Index at the time; in percentage terms, it has little significance.*
The highest ever recorded in Bitcoin came from Chinese exchanges in 2016.
THOSE volumes DWARFED the volumes on our all-time high.
Coincidentally, Bitcoin pumped, soon after...
Trump trade war WITH China.
The $6k has, at least until this point, been nearly unbreakable.
It just so happens we're in a symmetrical triangle since the $8,500 high.
It also just so happens that the DJI (Dow Jones Industrial Index) is showing weakness, and a few reputable traders are calling for a massive dump in the stock market, SOON.
Take a look yourself. Look at the strength the DJI had on its previous (very recent) all time high.
Then, on it's new all time high. What is the strength?
If you really believe Wall Street hasn't been accumulating, you might want to take a look at the comparison between our economy, and Bitcoin .
They show something that not very many people are speaking about.
Coincidence? Let me know in the comments.
Things are about to get very, very interesting.
It appears to me that the DJI, S&P 500, and others are beginning to lose massive strength. This has a lot of time left to play out though.
One very reputable trader that I trust to make good calls believes that the stock market is going to see a downturn within the next 2-6 weeks or so. Who knows..
Many (some that I 'follow') having been boasting that stocks had already reached ATH, and so i'm very much not suprised to see them pushing on. That said, perhaps the top is arriving, though I wouldn't be suprised to see another blow off top to squeeze out many looking for the reversal. I think waiting for the charts to print is a better way to get involved than predicting the top, even for these hot shots. However there's a lot of ego, and they have followers to try to dance for