D4rkEnergY is here to spread more wisdom to you. Not a lot of people talk about it, but I'm gonna show you, why a New Market Crash is more likely to happen now than you think.
Let's therefore take a look at the Weekly Dow Jones Index.
We need to make a higher high now - if we don't we will be trapped in a big head and shoulder formation. Is that so bad? In fact it is - the reason for that is, that we will most likely drop even more. We will drop -16 % from our A.T.H., which means that we will enter a bear market.
According to an article posted in Dow theory historical data shows us, that -16 % is where a bear market starts (Not -20 % as many think).
IF we drop -16 % more than 100 years of historical data shows us, that we 80 % of the times also will drop at least to -24 %. 73 % of the time we will go into a recession!! Yes.. Did you know that?
Data also shows us that an average bear market last around 1,5 years and that we will see a -34 decline in the market.
When that is said I believe, that we will postpone a bear market to 2019-2020, but nothing is sure as you can see on the chart.
D4 Loves You - I will keep you updated!
PS. And please leave a LIKE - really appreciate it <3
Interesting, as there has been much talk of Black Monday like market crashes heading into the end of 2019-early 2020. That is why Gold prices are seeing buoyancy right now. And why I believe Cryptocurrency will see it's boom again. Your pattern makes perfect sense due to the Trump government propping up and many analysts are tipping a flash crash of up to 40% like 1987, towards the end of 2019. As banks tighten their lending and a world wide housing market crash is looming, people will start to look for alternate markets as a store of value.
IMO what you are talking about will be the start of the new monetary system being implemented. A system that is based on trust and not promises. Right now the current financial system is nothing more than a broken promise.
asgcorp
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heard it before - stocks will crash and BTCUSD will hit 1 mln USD. Sounds legit!
Meanwhile, back to reality - here's a list of alt coins that have 40-80% upside next few weeks.
Check the comments section below this BTCUSD chart.
mikeeee5
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Nice predictions. Not so nice for our retirements though
thehoplite
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Go back to bitcoin. Stay out of the real markets. We know it’s crashing, so you’re not adding value. Your TA is nothing to reason why.
m5b11
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I have to say i agree with ya on this one
MrRenev
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More likely than 100%? Damn.
mattgetsbarreled
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nice bro I have similar analysis for SPX. I think we break 3,000 on SPX to 3,050-3,080 though next summer (2019) then down down down
IMO what you are talking about will be the start of the new monetary system being implemented. A system that is based on trust and not promises. Right now the current financial system is nothing more than a broken promise.