Watch out people, we are in VERY dangerous water! It will all get sooo much more worse!
It's fear that has systematically infected all markets (no matter how much they try to "fake" green numbers by printing)
Here's a solid longterm guide to what's likely gonna play out... Longs will get extremely dangerous soon
Zoomed in strong waves are forming, it's going to...
Just a mental roadmap of recent !important! events in crypto (/general market) fibbed out into cycles on top of tether's marketcap.
It seems we are due a decent "cool down" period soon, as this also starts to align with other macro indicators I'm starting to get even more convinced (VIX, DXY, 10y bond yield).
Feel free to share your thoughts with me, I'm open to...
Elliott Wave analysis on DXY resulted in following targets:
+ 16/12/2020 23:00: reached TP3 1.768fib retrace (90.128)
+ 06/01/2021 03:00 Ranged a bit lower to 1.8943fib (89.209)
+ Only higher lows & higher highs since 06/01 !
-> EW TP4 1fib retrace (95.716) on track
-> EW TP5 2.272fib retrace (86.461) on track
SPX still looking very weak, which is quite logical with COVID cases rising dramatically in the US!
It is very likely heading to the 2200 region (slowly & controlled), the corona financial impact is no joke..