Nasdaq is inside a bear market according to many analysts, but there is a hidden wave upward.
The bear market target for Nasdaq would be below 8000-7500, but before crash it'd touch 18000.
The big crash will come when everybody gets FOMO again!
Beware, if bitcoin is going to fail again, it can be sharp drop to, 30000 levels. We can smell it when we've seen a failure impulse.
btw, more hikes can push bitcoin lower as long as it is chained to the NASDAQ
The great bear of 60k possibly will back to the market above 50k. There are some reasons for that.
Psychologically there is still panic at 50-60k area and too many people will erase their loss above 50k.
there is possibly a complete 5-wave impulse behind the market, so there is no room for new ATH.
and how about there are waves of regulation on exchanges and...
This strong bull-run can't die easily. Despite china, hash-rate and electricity controversies there is an ongoing flow by corporations and institutions for bitcoin investing. Are we going for 5th wave next year?
Take this message serious, the bells ringing!
Market is so hype and heavy, and it will make the next crash bigger
Everything is overvalued, just take a look at real life productions ratio to stocks,
GDP is smaller than market,
Stimulus, Euphoria, the newbies' money that will panic soon.
TAKE THIS MESSAGE SERIOUS
because we are going to complete 5th wave of trend.
There is panic on the street but the best time for buy is when there is extreme panic. It is dip and bitcoin can rise from here if it hold the channel.
In the case of hold the channel it will rise above 42k area.
The impulse of this wave is over and if you look better this extreme panic will be scalped by dip buyers. Long positions will continue until first target 46k.
another wave of sell will be started above 46k.
Bitcoin seems like losing strength and buying volume, and how about its clear that it making 5th wave of bull trend, the correction of this trend will be 50% of its price and 30k is possible target for preparing bears.