Last LONG TERM Holders will sell with profit, who went long nowadays will liquidate, and new Smart LONG TERM holders will jump in and make a 'V' structure at around 3.8-4.8k.
I expect the DOW JONES do a similar pattern like the bitcoin. It has just achieved a lower peak, it will continue with a breakdown, than have a throwback, followed by a phase of redistribution, then a crash and ending with a correction. I have made this observing a cheat copy I have for crashes scenarios. Feel free to share.
I selected a lineal scale, not a log scale.
It will be a long way down, with many gambling opportunities. Usually the last leg takes the most time to arrive at his final destination. Don't buy high: buy on little dips if you want to get some 5-10% profit.
Waiting for reduced volatility is the key for a perfect Buy & Hold Scenario.
We see that the volatility is decreasing and the attempts of the bears are sharper and sharper, not pushing the price lower. Here is when I think the smart money is starting to come in.
We have seen that the DOWN JONES reached an altime high in February, and got a first fast pullback. Now it is experiencing a second lower high we're we have a first bearish signal, which everyone's ignoring. We expect that the DOW JONES will continue it's beartrend where smart investors will get out their money.
I have added the %loss and %gains in each trade, bitcoin is in a grand downtrend channel in search of a lower low.
With an ABC pattern I have located the possible correction that can happen when it retraces back to prepump prices.
A crash-pattern market doesn't end with a "hope phase" that turns out bull again. For me we're still in denial phase heading to capitulation: long term holders will slowly release their calls and shorters will get in to create "ilusional phases" were prices seems going up again, but they will fall. It will eventually get to a lower low. We're expecting...
A crash-pattern market doesn't end with a "hope phase" that turns out bull again. For me we're still in denial phase heading to capitulation: long term holders will slowly release their calls and shorters will get in to create "ilusional phases" were prices seems going up again, but they will fall. It will eventually get to a lower low. We're expecting...