Tarek9821

Tarek9821

We are Officially in a BEAR MARKET A bear market is defined as a 20% drop from a major stock index's peak, and S&P 500 index is down 20 percent. Now the question is , is there a recession coming? Well, when you travel back in the chart to the Great Recession in 1929, you'll see how S&P 500 indice almost looks the same of what it is now, S&P 500 has risen by...

Tarek9821 Updated 

The Relative Strength Index is oversold on the Weekly Frame, knowing that the last time Bitcoin was oversold was in 2020 and we know what happened after that. This might give us a nice bounce in the short term , nevertheless I'm still bearish. Not a Financial Advice

Tarek9821

Why the Next Bullrun would be in 2024? Every 4 Years sicne 2012 , the rewards of mining Bitcoin is being halved after every 210,000 blocks are mined. And this basically affects the price because by doing that process the supply decreases so demand increases . Now every time during the 4 years of the halving process BTC pump so hardly before dumping the price by...

Tarek9821

So basically BTC is forming a clear bearish pattern aka Rising Wedge, usually the price target is equal to the height of the back of the wedge. Now I'm not saying that we will see 20K but imo we could , I mean why not But there's also a hope of this pattern to be failed, any pattern can fail. I think we're still in a bull run above 30K, otherwise I would be more...