1 minute ago
I think I'm onto something that shows a clear map of what could possibly happen in the Equity and Crypto Markets.
We are at a pivotal point for the stock market and crypto and the writing is on the wall.
Currently, BTC is losing steam and broke a major support line in the last couple of days.
Equity markets have bounced but could be in a B wave for a C potential leg lower
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On the Horizon-
We have 2 realistic negative catalysts in the near term to close out the year which could be narratives for markets to go lower.
*COVID 2.0
*Inflation Taper from the Fed on the 13th December (This could cause a sudden reaction or this could already be baked into the price)
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-Now we can clearly see that there is a correlation between the US equity market and the total cryptocurrency market along with the US dollar .
- Retail investors in the stock market are expecting a Xmas rally and the Retail crowd in the Crypto community are expecting a 100k Bitcoin by year-end...
-I personally think that this sheep psychology has been too predictable for retail investors and this possibly could be a bull trap. The financial elites are indirectly using sentiment and Youtubers and Influencers are simply puppets to influence retail to buy the dip and HODL.
-You can tell that the big players and smart money have been exiting high growth equities and crypto as the US dollar has been gaining superior strength lately...
-This could be a huge opportunity for the institutions and big players to dump their bags on retail with all the liquidity that is created. They can close out the financial year with insane profits from 2021 and create tax-loss harvesting offsets by selling their risky investments. They could rock the entire markets changing the whole sentiment to be bearish then re-buy back into equities and crypto at cheaper prices in the new year for a great run to head start to the year in 2022. Not to mention Chinese New Year in Feb 1st 2022
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One reason I know why crypto hasn't run out of steam just yet...
-There hasn't been an ALTCOIN season yet. BTC .D needs to drop
-US dollar has to eventually reverse
-BTC hasn't made a parabolic advance yet after long periods of consolidation. We are almost missing the last 5th way in the Eliott wave cycle
I think I'm onto something that shows a clear map of what could possibly happen in the Equity and Crypto Markets.
We are at a pivotal point for the stock market and crypto and the writing is on the wall.
Currently, BTC is losing steam and broke a major support line in the last couple of days.
Equity markets have bounced but could be in a B wave for a C potential leg lower
--------------------------------------------------------------------------------------------------------------------------------------------------
On the Horizon-
We have 2 realistic negative catalysts in the near term to close out the year which could be narratives for markets to go lower.
*COVID 2.0
*Inflation Taper from the Fed on the 13th December (This could cause a sudden reaction or this could already be baked into the price)
--------------------------------------------------------------------------------------------------------------------------------------------------
-Now we can clearly see that there is a correlation between the US equity market and the total cryptocurrency market along with the US dollar .
- Retail investors in the stock market are expecting a Xmas rally and the Retail crowd in the Crypto community are expecting a 100k Bitcoin by year-end...
-I personally think that this sheep psychology has been too predictable for retail investors and this possibly could be a bull trap. The financial elites are indirectly using sentiment and Youtubers and Influencers are simply puppets to influence retail to buy the dip and HODL.
-You can tell that the big players and smart money have been exiting high growth equities and crypto as the US dollar has been gaining superior strength lately...
-This could be a huge opportunity for the institutions and big players to dump their bags on retail with all the liquidity that is created. They can close out the financial year with insane profits from 2021 and create tax-loss harvesting offsets by selling their risky investments. They could rock the entire markets changing the whole sentiment to be bearish then re-buy back into equities and crypto at cheaper prices in the new year for a great run to head start to the year in 2022. Not to mention Chinese New Year in Feb 1st 2022
-------------------------------------------------------------------------------------------------------------------------------------------------
One reason I know why crypto hasn't run out of steam just yet...
-There hasn't been an ALTCOIN season yet. BTC .D needs to drop
-US dollar has to eventually reverse
-BTC hasn't made a parabolic advance yet after long periods of consolidation. We are almost missing the last 5th way in the Eliott wave cycle
