Chart is self explanatory
Fed cant get inflation under control
First hint = jacking up rates faster then ever before in history and doing this during a market recession rather then when the market was over heating (reverse of all their prior policies)
2nd = US debt has been going parabolic since GWB was president, US economy runs on gov spending they...
Just another long range outlook for cryptos most valuable project. Eventually people will kick themselves for not enlisting as a link marine early in life.
Total Value Enable by Link now over 7 trillion USD oh my... what a shit coin
The first head and shoulder hit exactly at its text book target before rebounding
The now formed INVERSE head and shoulder target would be 4,600 and give the market a chance to form a double top , scoop up all the liquidity from retail jumping back in and then take us down to depths that so far only the most degenerate bears even speak about
BTC should likely...
Just an Idea i am creating to look back on should this market depression continue without a fed pivot in 2023.
Something I want to be able to look back on in 2024-2026 if it follows this path.
Future looks bright.... in 2026
It seems likely that we are going to enter a mini bullish cycle, this will give SKL a chance to break the tight wedge and retrace back down to create a higher low and set the stage for the beginning of the next market cycle. Or should our markets go to hell in a hand basket we have the red scenario as well.
More or less just putting this idea down for my own...
This coin is looking extremely oversold while its on chain usage metrics is showing a parabolic growth curve. I would think this should be entering a market repricing shortly as its market cap is only 100mill right now while it has over 12 million transactions per day currently.
DXY 3DAY chart has nearly every indicator showing 190 day long bearish divergence occuring while the price has been roaring away. DXY is now pushed up against its weekly running resistance trendline going back to 2003.
I think we see this pull back at least to mid November before it attempts another shot at break 109 range again.
Doesn't look good that we have been following a 2007/2008 market collapse fractal on the DJI weekly chart.
Thats all this is, just a fractal, more inflation, higher rates, famine in late 2022 and 2023 in areas around the world. Energy sectors and manufacturing collapse in eastern European countries, vote buying for half a trillion dollars while were in the middle...
Simple Elliot wave chart on the monthly. Drop to 7-11k range, rebound to 28k region where saylor sells his entire portfolio and then down to around $1300-1500 range for ultimate pain.
Only once the new election happens in late 2024 and the global markets rotten core has been entirely eviscerated will see true recovery as people start to get those feelings of hope again