This is not a dot com bubble or a housing bubble, this is "Everything Bubble" which is about to burst.
The crash will potentially be quick and painful.
Dollar is about to collapse.
Covid cases will rise in september due to weather changes.
Stimulus checks will not be enough.
Smart money will start taking profits.
This is not an investment advice,...
We have reached the most critical point in 3 years time,
With USA printing unlimited money and giving away ridiculous stimulus checks, NASDAQ and SP500 are pumping really hard which are totally silly bear rallies, they are about to collapse and they will be collapsing soon - september !
But WHAT ABOUT US?
Next 3 weeks will show us IF WE HAVE ENTERED THE BULL...
Boring times are about to finish. BTC seems like it has broken upwards from the channel. However we also should consider the SPX and DJI charts before becoming a moon boy.
I am expecting a pull back and than will be updating my analysis.
We are in a short term bullish trend but the medium term is STILL bearish.
I am not sure if we will crash from these levels or will go all the way up to 50 usd levels and crash but the higher it goes up the bearish I will become.
I will be buying from the HUGE green box.
I will NOT open a short - too risky, I will not be margin trading as well.
A little 10 percent bounce may occur in the short term.
BTC should hold above 6100 for the bounce to happen.
I think this is can be the last bounce before the crash.
7200 is the potential target but I will be taking profit at 6900 levels considering traps.
BREAK BELOW 6100 INVALIDATES THIS COUNT.
Are we going to crash down directly or are we going to follow DASH s pattern and make a bull trap before the crash...
Breaking and holding above 5700 will show us the way.
We are still in a downward impulsive wave, probably ended the 3rd wave and still hanging at the 4th wave.
I am still bearish and persistent about the crash, but we always should consider a...
Dow jones elliott waves are super similar to our current impulsive wave down.
Even the fibonnaci levels are exactly the same.
I have pointed out 3 possible targets for the 5th ending impulsive wave
The bounce will be phenomenal...
Risky days for margin trading.
This is not Corona or Trump or blabla news crash, this is an elliott wave time to crash.
Do not follow the news only look at the charts.
Good days will come and EVEN I will become Bullish soon.
Bitcoin is standing at a point where it is going to go to the moon or have more downwards action. A break above 9200 - and holding there - will signal us that we can end the bear season any time soon. Rejection from this level is really risky for bitcoin
Detailed update on Bitcoin
Lets check all the indicators and past movements to decide on whats...
Digital silver is more predictable than bitcoin.
As we check the GBPUSD 2006-2007 chart we see a huge and clean WXYXZ correction.
Triple three is a sideways combination of three corrective patterns in Elliott Wave Theory.
From my perspective, LTC is not done with the Z wave of the correction, however it is possible that it has ended at 36 usd bottom at 18th of...