#Corona - #Covid-19 - From TA perspective
those who trade crypto or bitcoin can clearly see on the chart we are in a PARABOLIC RUN.
Now every rally in the market comes to an end eventually but this one can be different, fundamentals can overpower technical here easily & we can just skyrocket to 10L, 20L.
we were in LOCKDOWN from past 2 months still numbers have gone higher & higher, this clearly shows that Govt have been CURBING the actual numbers, with strict Covid test rules, Not doing as many tests as necessary & sugarcoating the masses instead of facing the facts.
Now back to the chart as i said in the beginning the parabolic run comes to an end so i think 300000 will be the TOP for the current rally then we will have a retrace then some sideways & another leg up, MA & EMA are also giving support to trend, as it goes if we are in bullmarket price comes back to the MA & EMA's bounce to continue the trend.
YES I KNOW THIS FOR SURE THAT ANOTHER LEG UP IS GONNA BE MUCH MUCH WORSE THAN THIS, Govt is not giving FREE Covid Tests so what makes you think that when Vaccine arrives it will free? how many people will actually be vaccinated? How many people will be able to AFFORD it? apart from it think about the time it will take to actually vaccinate the highly populated country like India, it took well over 15-20 years to get rid of Polio from the country so you can imagine when we have a VIRUS that is highly contagious how long will it take.
i said this before this is the FIRST domino that has fell & much worse is expected from economy in coming years.
i honestly hope i am wrong (i said this back in 2019 - Dec) but here we are, charts never lie.
but we live in Real world & not fairy tales, it will be better if you ADOPT & learn how to survive then just HOPING THAT EVERYTHING WILL BE OKAY.
like every shitcoin we trade or stock we have charted there are cycles, same goes for the ECONOMY, it takes much much longer to pan out but after every BULL MARKET there is a Bear Market waiting around the corner. Everything ends & begin again.
Stay safe, Make sure if it's your last day then you have NO Regrets in life
🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖
Now every rally in the market comes to an end eventually but this one can be different, fundamentals can overpower technical here easily & we can just skyrocket to 10L, 20L.
we were in LOCKDOWN from past 2 months still numbers have gone higher & higher, this clearly shows that Govt have been CURBING the actual numbers, with strict Covid test rules, Not doing as many tests as necessary & sugarcoating the masses instead of facing the facts.
Now back to the chart as i said in the beginning the parabolic run comes to an end so i think 300000 will be the TOP for the current rally then we will have a retrace then some sideways & another leg up, MA & EMA are also giving support to trend, as it goes if we are in bullmarket price comes back to the MA & EMA's bounce to continue the trend.
YES I KNOW THIS FOR SURE THAT ANOTHER LEG UP IS GONNA BE MUCH MUCH WORSE THAN THIS, Govt is not giving FREE Covid Tests so what makes you think that when Vaccine arrives it will free? how many people will actually be vaccinated? How many people will be able to AFFORD it? apart from it think about the time it will take to actually vaccinate the highly populated country like India, it took well over 15-20 years to get rid of Polio from the country so you can imagine when we have a VIRUS that is highly contagious how long will it take.
i said this before this is the FIRST domino that has fell & much worse is expected from economy in coming years.
i honestly hope i am wrong (i said this back in 2019 - Dec) but here we are, charts never lie.
but we live in Real world & not fairy tales, it will be better if you ADOPT & learn how to survive then just HOPING THAT EVERYTHING WILL BE OKAY.
like every shitcoin we trade or stock we have charted there are cycles, same goes for the ECONOMY, it takes much much longer to pan out but after every BULL MARKET there is a Bear Market waiting around the corner. Everything ends & begin again.
Stay safe, Make sure if it's your last day then you have NO Regrets in life
🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖 🖖
BE PREPARED!!! IT WILL BE A LOT WORSE
govt have 2 choices let the people die or let the economy die
they tried 2nd option didn't work well for them, so now going with the first one