SP-500

The market is very overheated. In the last few months, we have seen a very large number of IPOs. For the next month, I don't see any worthy IPOs. I observe a pattern. When the last time this happened, the market corrected.
The printing press works. There is a lot of money. This correction will be bought, especially promising stocks. I will write about them in the next post.
The market needs some pause(rest).
I communicate with many traders and most of them have such problems:
- they sold early;
- they are all in fiat and it looks like a loss.
FOMO (missed opportunity) effect. If we talk about the long-term perspective, you need to buy out the correction, and not enter the market at the top.

Most likely this correction is in the short-term. Cryptocurrencies will also fall, but Bitcoin will recover faster.
Causes:
1.the last year, a large number of Bitcoins were withdrawn from the exchanges - exchange's order books is weak;
2. many funds and public companies want to buy Bitcoin and now have the FOMO effect;
3. BTC supply has decreased.

Do not use leverage, take care of your deposit, and be ready to buy a correction

Best regards EXCAVO

Komentar:

More than 90% of the SP500 stocks fell yesterday, the highest since October 2020.