Cheap, low interest rate money carries us to all time highs (market top april 21, 2021) and then sinks us.
Trump is reelected in November of 2020
Interest rates are lowered to near zero
There is some type of mass credit/lending fraud
Tech bubble bursts. Investments in companies with no real path to profitability are abandoned. NASDAQ 100 losses...
Rise in unemployment and horrible NFP. Farmers saying less than 35% of all feeder crop (corn and soy) were planted before the May 31st deadline fro insurance. Horrible flooding in the midwest lasting further and further into the planting season. Longer summer heat and warm winters a major cause for concern heading into those 2020 elections.
Now you might think I'm a little crazy... well your wrong I'm a lot crazy ;p
We can see price is at a strong resistance level and we are expecting price to bounce off this level and make bearish movement down to our TP and support zone before bouncing off this and making bullish movement up to that 10000 mark I mentioned a few posts ago... your welcome.
Here we have 2 key zones marked out that have been used as strong support and resistance before and WILL be used again.
What we might see here is a slight pullback in price to our lower zone after days of bullish movement before a final push higher to our upper resistance zone.
I'm currently watching Tyson Fury fight, he is going to smash Schwarz... just like me...
My wife is cheating on me... she still uses real money instead of BTC ;p
Now we are going to cut the crap and explain this trade in proper English so everyone can understand.... price has used a strong support zone ( red box ) and is on its way up to our resistance zone ( green box )
See how simple that was? even my pet dog understood it and is now currently on...