This chart relates to the previous Nasdaq video idea linked below in related ideas.
Similarly to the Dow Jones this market in also in Wave D in the last leg up with a target of 17,000.
The difference between the 2000 crash vs the coming crash is that back then it was Wave B which was expanded.
In this case Wave D is expanding and will complete the measured move within the next few months.
Resistance will become support as price falls to the area just below the previous fourth wave. (green dotted line)
Do you think this might affect Crypto's a little perhaps?
I think you would be crazy to assume that it won't.
In my opinion this fits perfectly with what I am seeing in Bitcoin and other Crypto's.
I have posted multiple ideas recently that build upon each other.
Which is why I laugh at one worded comments with nothing to backup their view.
People are so bullish right now that they do not see the giant white elephant in the room. Ouch.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Similarly to the Dow Jones this market in also in Wave D in the last leg up with a target of 17,000.
The difference between the 2000 crash vs the coming crash is that back then it was Wave B which was expanded.
In this case Wave D is expanding and will complete the measured move within the next few months.
Resistance will become support as price falls to the area just below the previous fourth wave. (green dotted line)
Do you think this might affect Crypto's a little perhaps?
I think you would be crazy to assume that it won't.
In my opinion this fits perfectly with what I am seeing in Bitcoin and other Crypto's.
I have posted multiple ideas recently that build upon each other.
Which is why I laugh at one worded comments with nothing to backup their view.
People are so bullish right now that they do not see the giant white elephant in the room. Ouch.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
