January Report: Straight into action on Jan 5-7. I-H&S in play?
Back to chart:
We started 2018 with a Head & Shoulders, and ever since that fateful event, it has been one hell of a ride all the way down to hell.
What is most interesting, is that we can end 2018 with an and start 2019 on a brighter note, and hopefully we can carry the flag out of the dark ages of 2018 and into the light and hope for 2019-20.
Still, with rally occurring on Dec 13, & Dec 17, we are going to assume that my pattern indicator has been working quite consistently across the crypto markets. And the next one will the next weekend Jan 5-7.
It is obvious to assume that the stock market has entered the bear market and has increased and not going to go away anytime soon.
The outstanding corporate debt, personal debt, student debt, government debt is all going to hurt the global growths.
Let me remind everyone here WHY crypto was created in the first place.
Now, i know we got a lot of numbers here. I want you to look for NET interest on DEBT in the Budget items it is on your left.
So USA is now paying an annual $335 BILLION! on interest alone, and all the wise FED is increasing its rates. We now pay more on interest than on Federal Pensions, or Income security. The long trend projection for anyone with even a bit of gray cell can tell you that the good old US is screwed beyond measure.
So imagine for a second that 2018 and 2017 is the best that corporate earning can do and the market conditions were ideal. But now the economy is going to start to slow down, as the debt with an increased interest is going to bite you in the arse. Eurpo is not going to come together peacefully or willfully. China will continue to pose national security threat to USA through means of espionage and cyber activities.
So what you are going to get, is a major Recession the likes we have not yet seen. And the only way out, and the only way to restore economy is through crypto. I don;t see any other practical way to stop USA to go broke in the next 10 years, other than to start WW3. And however, awesome crypto is. Still not going to be enough to prevent the inevitable.
Your only hope now, is that somehow USA is going to generate and extra income of hunders of billions of dollars with a sudden reversal in foreign or domestic policies: such withdrawal from NATO and removal from Middle east and new trading deals that will generate revenue to the USA. None of those things come easy or cheap without sacrificing some world stability. Because Raising new taxes will have negative consequences on the rest of Americans.
Consider how USA is politically divided, that we can;t build a wall on OUR OWN border. It tells you everything you need to know about the current state of affairs in Washington.
Returning to chart:
I am still developing it and doing my best to interpret complex market price actions. Here are some of the more successful events that occurred using this indicator Prior to December:
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Good luck everyone ;)
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
dates are moments of interest, where price and time collide to create oscillation - vertical lines!