Distribution time is upon us. Bear market starts if below 250.
Diupdate
Hey guys are you feeling the overbought market? I surely do.
We broke through the channel! Volumes are dropping, volume increase on drops.
Sure sign that something ain't right.
We are in a bloody ascending Wedge. Short term time-frames telling us A-E pattern is in play.
Unless resistance trend line is broke we are in the bear and volatility!
Once the upper channel is broken we are heading to 202, best 230!
Or about 30% markdown from the top.
There is hope we might bounce quickly out of it, but whatever is going to cause the market to drop 30% is going to be a nasty surprise, but probably manageable enough that the printing press of the FED will save the day.
What is becoming clear that no matter how high the stock valuations go the drop will have to be that much more proportional.
Possible causes besides the basic economic cycles:
Europe can spark some financial uncertainty from Italy, Spain and Britain. Leadership switch in Germany.
China is going to start losing foreign investment,as it will become more and more apparent that Chinese government is loosing control of the trade war. Since Most of their corporations are in debt and government owned.
As China will try to save face, they will be more hostile and aggressive cause more volatility and uncertainty in the market.
Emerging markets are in a crapper. As Fed increasing Interest rates, and tightening and strengthening dollars. Short term no good for emerging markets. This will favor crypto markets.
Either way, no matter how i look at, unless this resistance trend not broken. We have just entered out first bear cycle.
We still going to have AB pattern, just so we can trap all the bulls and put them through the slaughter house that they haven;t seen for a while!
The question of corporate debts will probably again be raised as a concern. And god knows. Tesla still burning millions everyday!
Multiple charts will attached for bigger picture and what not.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
We broke through the channel! Volumes are dropping, volume increase on drops.
Sure sign that something ain't right.
We are in a bloody ascending Wedge. Short term time-frames telling us A-E pattern is in play.
Unless resistance trend line is broke we are in the bear and volatility!
Once the upper channel is broken we are heading to 202, best 230!
Or about 30% markdown from the top.
There is hope we might bounce quickly out of it, but whatever is going to cause the market to drop 30% is going to be a nasty surprise, but probably manageable enough that the printing press of the FED will save the day.
What is becoming clear that no matter how high the stock valuations go the drop will have to be that much more proportional.
Possible causes besides the basic economic cycles:
Europe can spark some financial uncertainty from Italy, Spain and Britain. Leadership switch in Germany.
China is going to start losing foreign investment,as it will become more and more apparent that Chinese government is loosing control of the trade war. Since Most of their corporations are in debt and government owned.
As China will try to save face, they will be more hostile and aggressive cause more volatility and uncertainty in the market.
Emerging markets are in a crapper. As Fed increasing Interest rates, and tightening and strengthening dollars. Short term no good for emerging markets. This will favor crypto markets.
Either way, no matter how i look at, unless this resistance trend not broken. We have just entered out first bear cycle.
We still going to have AB pattern, just so we can trap all the bulls and put them through the slaughter house that they haven;t seen for a while!
The question of corporate debts will probably again be raised as a concern. And god knows. Tesla still burning millions everyday!
Multiple charts will attached for bigger picture and what not.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
Catatan
Zoomed out
Catatan
Cleaner
Catatan
harmonic pattern
Catatan
Just a closer look of this distribution
Catatan
Simplified
Catatan
Party like it is 2008?
Catatan
IF we end June on a Inverted hammer. We are all screwed
Catatan
Just a reminder for everyone where we all stand in the long picture
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
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