Diminishing returns so I'm thinking of instead of a 20x, we get a 10x. From 50c to 5$. ATH Oct-Nov 2024.
When Canada's unemployment rate starts increasing, the TSX is generally at an all-time high and starts crashing as the unemployment rate goes up. When will the top be in 2024? August? The unemployment rate has risen by 1% in the last year. Every time that happened, a recession followed. How bad will the crash be?
An interesting chart appears when you divide the Consumer Staples Index XLP by SPX. In 2000, XLP/SPX reached the bottom, the top in SPX was 153 days later. IMO, same thing will happen in 2024. Feb 1, 2024 XLP/SPX reached its bottom. 153 days later is in July 2024. Will July 2024 be the top in US + Crypto markets?
Could it go higher than 20,000? That's we 10% higher than today price. Melt up not done.
If you think this chart looks bullish and a bounce could happen here, then that means altseason could start soon! This chart shows the SMALL ALTCOIN DOMINANCE. I exclude all the big coins. (CRYPTOCAP:TOTAL3-CRYPTOCAP:BNB-CRYPTOCAP:XRP-CRYPTOCAP:USDT-CRYPTOCAP:ADA-CRYPTOCAP:DOGE-CRYPTOCAP:SOL-CRYPTOCAP:DOT-CRYPTOCAP:USDC)/CRYPTOCAP:BTC
1981 to 2020 - 39 years! the US10Y has been going down! In 2020 it's start reversing like crazy! What is going on!
IMO we top at $750B around August 2024 for the OTHERS marketcap. 165% increase from here. Don't be too greedy taking profits on your coins. Be happy with a 2-5x. Don't aim for 10x or more! Not realistic for most big coins IMO.
In 2007, the commodities index started rising sharply just after the market top. You should have sold your stocks just before that last increase in the commodity index. When there's a bubble brewing in commodities, you should sell. Markets crash when commodities sharply rise then fall.
Bitcoin dominance still has room to grow another 3-4% to 58% before it reaches its top and the altcoins season can finally start. Aim for June / July and convert your BTC to alts at that time. How low will BTC dominance go? I'm hoping 30-40%.
Nice explosion upcoming on Microstrategy. $1300 by mid 2024. Mark my words
Last time the RSI for weekly Tether dominance reached 30, it took 119 days before the Bitcoin bull run took a pause and had a big crash. 119 days from dec 4th , is April 1st. Could that be a local top?
According to US ISM Purchasing Managers Index PMI, we still have some time before a market crash. Are we in April 2007? See what happened at that time. The PMI looks very similar also. If this is the case, we still have a couple of months of a bull market before a crash. Also, pay attention to the SPX MACD. In 2000 and 2007, the MACD was already in a downward...
When the yield curve (US10Y-US02Y) started going back up and uninverted, that's when markets reached their TOPS and started going back down. This happened in 2000 and 2007. I feel like this will happen again in 2024. The yield curve went from -1% to -0.3% in the last year. It is going back up. Will SPX top in 2024 and go down for the next 1-3 years?
How long do we have before the unemployment rate truly starts rising? A couple of months in my opinion. Every time it starts going up, the SPX starts crashing. June 2024 could be the market top? As the FED starts reducing interest rates.
How long do we have before the next crash? How many months until we've reached the market top? Hopefully not yet! My estimate is a top in June 2024, when the FED starts cutting rates.
Every time the yield curve has gone negative, a market crash follows eventually. The trick is knowing when that happens. Nobody knows. When the yield inversion starts rising again, that's a sign it's about to pop. Better start selling out of markets into USD. DXY will start rising again eventually. Looking at the charts, my guess is 3-6 months tops before we...
This is real good news! People are selling their stablecoins for coins
In the past, when xlp/spx wicks down and touches the channel lows, the markets have hit a top. Keep an eye on this one!