Recently I have discovered that assets have not just been in a very bullish trend, but that they are showing signs of being within a specific bullish trend formation. Specifically, bull flags. I'm pretty astonished to have confirmed that this is the case by applying the characteristic ABCDE pattern they display.
The implication of this cannot be understated, especially as I am seeing bull flags on lower time frames forming continuation patterns and beginning to break out right now.
Bitcoin is, as I write, completing a break out. The rally has begun to take off, and will steam ahead towards the all time high.
Additionally, many are feeling a lot of FUD and pessimism about current market conditions, but according to my analysis here. The market should have completed it's final E move down and is ready for sustained upside from here on out until the breakout. I believe this breakout will happen in a little over a week.
Whenever breakouts happen from a completed pattern, that is ALWAYS the point of maximum price velocity in the market, whether a crash or a rally.
So the implication here is that, because the above pattern is an 8 month extremely bullish pattern, that has just completed, and we have signs of bullish continuation flags starting to breakout, as soon as these new bull uptrends reach and exceed the previous highs, there will be a massive unprecedented upside rally.
This is most likely to be a once in a lifetime scenario or even less common. The upward price momentum should be shocking and unfortunately cause disorientation and the urge to FOMO buy.
This is the first risk with this scenario
The second risk here is that the comedown from this excessively overbought condition will be as big in scope as the comeup. One thing to keep in mind here is some simple sayings, "Easy come, Easy go", "The faster it rises, the faster it falls" These are general truths that will bear out their time tested wisdom once again in this extreme and unsustainable new bull market we are entering.
Finally I want to touch on the grand opportunity that this presents to people who see the signs and are able to act in advance. THIS IS NOT A TIME FOR FOMO! If anything, reaching asset prices somewhere of an indicator level of $4,500 on the S&P500 and $27,000 to $50,000 in BTC are likely good places to consider asset liquidations. This is a way to take advantage of a temporary premium value in assets.
There will be a rally, a top, and a correction to this quick and easy money. My plan is to buy now, liquidate around indicator levels aforementioned, and rebuy at the following indicator levels that a bottom may be in at: $2,700 in S&P500 and $7,500 in BTC. These are previous support levels and are the likely places prices will stop in the coming correction.
Please remember that when you see shocking price movements in the markets in the coming weeks, the highs will be unsustainable, and will come down in short order. Please do not FOMO in and protect your family as well. The risk here is great, but there is also reward for smart money. I am choosing to go all in now. I'm mostly in LINK but also have some BTC and at times will use ETH. I have leverage available for these and will use it to maximize my ROI on the way up. On the other side I along with the smart money presumably will all be holding cash, metals, and other safe havens, or actively shorting the markets back to equilibrium median value. But the equilibrium will not occur before sending the markets to lows not seen since the March crash and February of 2019.
People who buy out of euphoria and hysteria will be hard pressed not to give in to panic selling when their inflated purchases lose more than 40% of their value after just a few short months. This will devastate small retail and retirement accounts who don't know any better.
The patterns I see and the momentum as well is unmistakable to me, if you read this please keep this in mind when you see surprising things happening in the financial news soon. And take appropriate precautions. Also, remember that if you are surprised, you're too late. There are financial professionals projecting $4,500 (30%) gains in the stocks by EOY and I predict $27,000-$50,000 in BTC value at the top, but the lows that I predict should come in at previous lows in the market at $2,700 S&P500 and $7,500 in bitcoin, not as bad as the March crash, but you can see how if you FOMO into this rally, you will rapidly lose all your value and more causing the urge for panic selling. This is a recipe for big losses to uninformed people.
And finally there is always some news to go with the charts, and in this case there will be a narrative as well. Believe me: THIS BULL RALLY AND CRASH ARE ALREADY IN THE CHARTS. I can see it very clearly, and my fractal analysis shows that the crash will be a necessary part of this, not optional.
So please be smart with your money.
I am writing this on October 27th, 2020
I am open to any communications about his, thanks
Intratekram - Ben Ghrist - ghristb@gmail.com
The implication of this cannot be understated, especially as I am seeing bull flags on lower time frames forming continuation patterns and beginning to break out right now.
Bitcoin is, as I write, completing a break out. The rally has begun to take off, and will steam ahead towards the all time high.
Additionally, many are feeling a lot of FUD and pessimism about current market conditions, but according to my analysis here. The market should have completed it's final E move down and is ready for sustained upside from here on out until the breakout. I believe this breakout will happen in a little over a week.
Whenever breakouts happen from a completed pattern, that is ALWAYS the point of maximum price velocity in the market, whether a crash or a rally.
So the implication here is that, because the above pattern is an 8 month extremely bullish pattern, that has just completed, and we have signs of bullish continuation flags starting to breakout, as soon as these new bull uptrends reach and exceed the previous highs, there will be a massive unprecedented upside rally.
This is most likely to be a once in a lifetime scenario or even less common. The upward price momentum should be shocking and unfortunately cause disorientation and the urge to FOMO buy.
This is the first risk with this scenario
The second risk here is that the comedown from this excessively overbought condition will be as big in scope as the comeup. One thing to keep in mind here is some simple sayings, "Easy come, Easy go", "The faster it rises, the faster it falls" These are general truths that will bear out their time tested wisdom once again in this extreme and unsustainable new bull market we are entering.
Finally I want to touch on the grand opportunity that this presents to people who see the signs and are able to act in advance. THIS IS NOT A TIME FOR FOMO! If anything, reaching asset prices somewhere of an indicator level of $4,500 on the S&P500 and $27,000 to $50,000 in BTC are likely good places to consider asset liquidations. This is a way to take advantage of a temporary premium value in assets.
There will be a rally, a top, and a correction to this quick and easy money. My plan is to buy now, liquidate around indicator levels aforementioned, and rebuy at the following indicator levels that a bottom may be in at: $2,700 in S&P500 and $7,500 in BTC. These are previous support levels and are the likely places prices will stop in the coming correction.
Please remember that when you see shocking price movements in the markets in the coming weeks, the highs will be unsustainable, and will come down in short order. Please do not FOMO in and protect your family as well. The risk here is great, but there is also reward for smart money. I am choosing to go all in now. I'm mostly in LINK but also have some BTC and at times will use ETH. I have leverage available for these and will use it to maximize my ROI on the way up. On the other side I along with the smart money presumably will all be holding cash, metals, and other safe havens, or actively shorting the markets back to equilibrium median value. But the equilibrium will not occur before sending the markets to lows not seen since the March crash and February of 2019.
People who buy out of euphoria and hysteria will be hard pressed not to give in to panic selling when their inflated purchases lose more than 40% of their value after just a few short months. This will devastate small retail and retirement accounts who don't know any better.
The patterns I see and the momentum as well is unmistakable to me, if you read this please keep this in mind when you see surprising things happening in the financial news soon. And take appropriate precautions. Also, remember that if you are surprised, you're too late. There are financial professionals projecting $4,500 (30%) gains in the stocks by EOY and I predict $27,000-$50,000 in BTC value at the top, but the lows that I predict should come in at previous lows in the market at $2,700 S&P500 and $7,500 in bitcoin, not as bad as the March crash, but you can see how if you FOMO into this rally, you will rapidly lose all your value and more causing the urge for panic selling. This is a recipe for big losses to uninformed people.
And finally there is always some news to go with the charts, and in this case there will be a narrative as well. Believe me: THIS BULL RALLY AND CRASH ARE ALREADY IN THE CHARTS. I can see it very clearly, and my fractal analysis shows that the crash will be a necessary part of this, not optional.
So please be smart with your money.
I am writing this on October 27th, 2020
I am open to any communications about his, thanks
Intratekram - Ben Ghrist - ghristb@gmail.com