As I mentioned before, we could be currently in stage 2 of this inflationary bear market. This means that inflation peaked in September and we can expect to see lower inflation for a few months, followed by a recession. This will likely lead to more bear market rallies until the Federal Reserve intervenes again and introduces more money into the market, leading to another market crash in mid-2023 (stage 3). This will cause inflation to skyrocket again, leading to a depression phase (stage 4). If I were to visualize these phases in a chart and use EGLD as a reference, it would look like this.
THIS IS A STAGE 2 SCENARIO.
Reclaim 38 and we can talk about "deviation" for now
THIS IS A STAGE 2 SCENARIO.
Reclaim 38 and we can talk about "deviation" for now
Comment:
EGLD ETH is interesting
Comment:
worst case: 30 --> 80 --> 20
Comment:
longer timeframe scenario (similar to Nasdaq 2001-2008)
Comment:
mm egld is weak. I wouldn't be surprised to see something like this.