MicroStrategyShort
MicroStrategy Long-Term Top Based on Perfect Fib Ratios
Several long-term signals on Bitcoin are indicating a potential top including long-term price and time ratios, long-term momentum indicators, as well as wisemen on weekly and daily charts. This made me look more closely at MSTR, which is also exhibiting significant signs of a potential top.
Some of these on this weekly chart include:
Larger Degree (red boxes)
Smaller Degree (green boxes)
Based on all these factors, the chances of a top here are high. However, if we do make new all time highs it would be a good idea to reverse and go long crypto again, as it would likely mean that all these signals are just a MASSIVE bear trap and there could be significant upside left. For now, as long as we remain directly under these long-term price/time targets on both BTC and MSTR, combined with long-term sell signals, the chances of a trend reversal in crypto is high.
There's also significant bearishness in virtually all global asset markets right now, which could in a worst case scenario last for 1-2 years, and possibly be worse than 2022. It is difficult to say at this point what the trigger for the coming crash could be, possible chaos surrounding the transition to a new administration, high rates putting pressure on commercial real estate and regional banks, some high profile financial failures, a major war, or something else that i can't predict
Some of these on this weekly chart include:
Larger Degree (red boxes)
- Wave-C = 161.8%(B) in price [Perfect Ratio]
- Wave-C = 138.2%(A) in price [Perfect Ratio]
- wave-C = 100%(B) in time [Perfect Ratio]
- wave-A = 25%(B+C) in time [Perfect Ratio]
Smaller Degree (green boxes)
- Wave-c = 50%(a+b) in time [Perfect Ratio]
- wave-c = wave-a in price
- Complex structure potentially ending with a zigzag
Based on all these factors, the chances of a top here are high. However, if we do make new all time highs it would be a good idea to reverse and go long crypto again, as it would likely mean that all these signals are just a MASSIVE bear trap and there could be significant upside left. For now, as long as we remain directly under these long-term price/time targets on both BTC and MSTR, combined with long-term sell signals, the chances of a trend reversal in crypto is high.
There's also significant bearishness in virtually all global asset markets right now, which could in a worst case scenario last for 1-2 years, and possibly be worse than 2022. It is difficult to say at this point what the trigger for the coming crash could be, possible chaos surrounding the transition to a new administration, high rates putting pressure on commercial real estate and regional banks, some high profile financial failures, a major war, or something else that i can't predict
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Go to feels.meme and buy $feels to get the next 10,000x memecoin on TRON
$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
Go to feels.meme and buy $feels to get the next 10,000x memecoin on TRON
$FEELS CONTRACT ADDRESS: TPB97rf5YTuFGBBSGLS1umVzrSvVPHrQ7p
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