As explained previous, I think crypto is in a net bear market and we've been in a correction of that - one which has picked up pace recently.
If we're in a downtrend, we should be looking for parabolic bull trap patterns (And extremely confident bulls).
These are often expressed as harmonic patterns. Because harmonics are corrective patterns and because the D leg of a harmonic is always the strongest move.
This dupes people into being most bearish right before the turn.
Harmonics usually form and complete in spectacular fashion. Big blitz moves. Very often driven by news. If we're in these corrective patterns, that'd be expected fairly soon now.
If we're in a downtrend, we should be looking for parabolic bull trap patterns (And extremely confident bulls).
These are often expressed as harmonic patterns. Because harmonics are corrective patterns and because the D leg of a harmonic is always the strongest move.
This dupes people into being most bearish right before the turn.
Harmonics usually form and complete in spectacular fashion. Big blitz moves. Very often driven by news. If we're in these corrective patterns, that'd be expected fairly soon now.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.