Just my observations looking back on all the events during this credit expansion cycle. VERY interesting when you look at the RSI indicator below. Look at all the historical market events that correlate to exact tests.
***The Cryptocurrency markets will lead the way off the cliff. We may have already started... I really don't know if we're going to 100k but I am holding my crypto still because it is the future.
Think about it. The best performing assets usually are the ones that crash and pop the bubble because they pumped the bubble up so much. What has been the best performing asset over the last 10 years? Crypto.
I love crypto and know blockchain is the future, but my blockchain friends need to remember that crypto will most likely crash similar to the 1929 crash. We'll wipe away all the bad cryptos and fakes by devastating the market so badly that only the real projects stay. Those will be the Amazon, Apple, and Google of crypto. If you have cash at the bottom of the crash and are able to invest then, you could be set for life.
Should be able to buy a country if you figure out how to short this correctly. I appreciate any advice you experts may have. Buying VXX puts seems to be the general consensus. Maybe 1-2 years out?... I've only traded for 6 years so I'm still trying to understand the markets.
(NOT FINANCIAL ADVICE. Just what I'm seeing.)
Comment
⋅
Notice how both the indexes and volatility are going up at the same time.
Comment
⋅
If you zoom in (press the + on chart) you can see what I'm pointing to better.
I have same EW counting.. If our counting is right, Very huge chaos will appear. Most people will suffer..
MonetaryRebel
⋅
@bh0810, Yeah? I'm glad others are coming to this as well then. I feel like I'm screaming into the void most days.
The crash will come. They know it's coming, but have all given in and just admitted that they can't figure it out, so they just have to keep playing until the lights go out.
youtu.be/rQJWHocG-50?t=373 Great interview with Warren Buffett and Charlie Munger if you're interested. I put the video to start at 6:20 cause they tell a GREAT little story and the current situation and 2 men fighting with razors.
These 2 know exactly what's going on. They tell her over and over that this is all nuts and situations like this have never ended well.