Is the overall market due for a bigger selloff?
Price has reached the previous order block where the last directional initiation was created to the downside.
I am expecting the price to start going to the downside from here.
We are also in a debt bubble/crisis that is ready to burst at any moment.
The markets are artificially lifted up by government funding. This is not sustainable as the actual economy has been hit really hard by the pandemic.
We are approaching the end of an 80-year cycle and anything at this point could trigger a massive collapse like in 1929.
The technical analysis is from the Wyckoff method theory which has been good to me in the past.
I just think we are due for a big blood bath and a redistribution of wealth, and more substantial than the 2008 financial crisis!
I am expecting the price to start going to the downside from here.
We are also in a debt bubble/crisis that is ready to burst at any moment.
The markets are artificially lifted up by government funding. This is not sustainable as the actual economy has been hit really hard by the pandemic.
We are approaching the end of an 80-year cycle and anything at this point could trigger a massive collapse like in 1929.
The technical analysis is from the Wyckoff method theory which has been good to me in the past.
I just think we are due for a big blood bath and a redistribution of wealth, and more substantial than the 2008 financial crisis!