Possible Crypto Market Idea
We are nearing the May ATH market top. Likely a lot of resistance here. Once breached, and if the market stays on course with no black swan events or other intentional manipulation, it’s likely blue skies.
‘Possible’ scenario for the end of this bull run IF (BIG “IF”) the fractals repeat from 2017/2018. Some are calling for a top the end of this month. Others are calling for it in 2-3 months. Other analysts think this cycle will break from prior tradition/cycles and run an entirely different course. This idea is if the market were to run from now through the first of 2022, like the last cycle. From a macro perspective, the market is in an obvious different scenario compared to prior cycles. Will it play out differently this time? That’s the million $$ question.
No one knows where the market will top. This is just one of my ideas. The total market cap might fall far shorter than this projection. We appear to be entering the latter stages of this cycle, which traditionally have been the most euphoric with breathtaking and gravity-defying, parabolic increases in prices.
I’m anticipating extreme volatility swings in the coming days/weeks/months. Might want to buckle up, just in case. It could get a little bumpy. :)
‘Possible’ scenario for the end of this bull run IF (BIG “IF”) the fractals repeat from 2017/2018. Some are calling for a top the end of this month. Others are calling for it in 2-3 months. Other analysts think this cycle will break from prior tradition/cycles and run an entirely different course. This idea is if the market were to run from now through the first of 2022, like the last cycle. From a macro perspective, the market is in an obvious different scenario compared to prior cycles. Will it play out differently this time? That’s the million $$ question.
No one knows where the market will top. This is just one of my ideas. The total market cap might fall far shorter than this projection. We appear to be entering the latter stages of this cycle, which traditionally have been the most euphoric with breathtaking and gravity-defying, parabolic increases in prices.
I’m anticipating extreme volatility swings in the coming days/weeks/months. Might want to buckle up, just in case. It could get a little bumpy. :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.