Do not get triggered - this is only an idea to show the similarities.
Bitcoin is following SPX on a larger timeframe.. We literally had a housing bubble crash in 2008 and hence the melt down. While i don't expect that to happen in near term. Dont get me wrong, i strongly believe we will enter a long bear market in mid 2022 to early 2023 for everything. Having said that i am expecting one final parabolic move in everything from metals to equities to crypto before its all doom.
I don't expect bitcoin to end its journey before one last push up(significant push)
there is nothing guaranteed in the world and I don't think bitcoin is any exception. if we start closing near $46500 and have issues regaining upper trend I will reevaluate and close positions. wont be the most perfect move but that's what I see.
good luck and hope bitcoin makes it.!
Bitcoin is following SPX on a larger timeframe.. We literally had a housing bubble crash in 2008 and hence the melt down. While i don't expect that to happen in near term. Dont get me wrong, i strongly believe we will enter a long bear market in mid 2022 to early 2023 for everything. Having said that i am expecting one final parabolic move in everything from metals to equities to crypto before its all doom.
I don't expect bitcoin to end its journey before one last push up(significant push)
there is nothing guaranteed in the world and I don't think bitcoin is any exception. if we start closing near $46500 and have issues regaining upper trend I will reevaluate and close positions. wont be the most perfect move but that's what I see.
good luck and hope bitcoin makes it.!