This W pattern doesn't look good. If this is a reversal in the tether dominance, Bitcoin and cryptos are in trouble.
In 5 short years, could Bitcoin 10x to MIL:1M ? I'd be happy with $500k but MIL:1M seems possible!
It might wick up to 100$ before starting a fall. It had a good run! Pretty unbelievable how high it's gone.
It might go to 130k but it'll lose strength and start going down soon after. My timeline to DCA out is December to March. By March I shouldn't have many coins left.
Huge resistance at this level! Can MSTR continue this explosion in price?
In 2000, 2007 and 2021, Small caps divided by the Nasdaq started going up as the markets deteriorated. Will 2024 be the same?
If BTC continues going up as it's been doing these last couple days, it should reach $100,000 the morning of Nov 22. My bet is that we quickly go up to $105-110k before crashing to 80-90k.
When the Global Money Supply goes up, markets go up. Will the money supply break down the trendline? Hopefully, we get a nice bounce from here!
VIX is at 20 now. It'll go down to 15 and shoot up to 28,30 and go back down to 22. That might be spring/summer 2025. That will be the top in markets. Sell everything. IMO, VIX will shoot up to 60 by mid 2026. Meaning big market crash. Early 2027 might end up being a great time to jump back markets.
US10Y-US02Y = Yield Curve. The Yield Curve has predicted each of the previous market crashes. The markets are crashing now but is it really the beginning of a bigger market crash? OR are the markets just very volatile and have more last push up? Maybe yes for the US Markets. In 2000, the market peak was when the yield curve was still negative (-0.3%). In 2007,...
If ETHBTC goes down another 30-40%, I'm converting all my BTC to ETH. It will go back to 0.08 or more so I'll have doubled my BTC.
When the money supply started rising in 2020, the SPX started by crashing before going on one of its biggest bull runs. Maybe the same thing is happening now. We crash now for another couple days or weeks before having one last explosion upwards.
The VIX has touched the upper resistance and will reverse soon. VIX going down means markets will go higher. IMO, we won't have more major downside until October / November.
Is it down from here for the Japanese stock market? Is it the first major stock market to top?
5T is the 1.618 level on the Fibonachi retracement. That's a 2.5x from here. That would make sense.
IMO, yes! How low will it go. That is the question. My feeling is that we should go lower than the last record low of 35% end of 2017. Then we see a mega bounce back up in Bitcoin dominance when a recession hits the US.
Look at the consolidation from 1987 to 1992, when it broke out, markets went up for 7 years! It's safe to expect another 20% on the SPX from here.
Look at this beautiful RSI! It just broke out and retested the support line. Perfect pattern before takeoff. How high will TSLA go? $280 or more?