To see what will happen in the economic world, we must look more broadly at what has happened, but in this analysis I will use technical analysis patterns to predict what will happen.
What happened?/b]
1. Gold is clearly visible in the cup and handle pattern
An uptrend followed by a cup and handle pattern in technical analysis means that the price will continue to rise at least it will touch the height according to the cup height.
2. The S&P 500 is already too high
After the COVID-19 pandemic which caused a severe crash on the stock market, it turned out not to be as bad as I imagined, the market was actually getting faster to an all time high level. It has gone too high and needs to be restarted again.
3. Bitcoin is still too high and needs a little correction
In the 10x rally that occurred in bitcoin in 2020 and then followed by a crash with a decline of more than 50%. But it turned out that bitcoin touched its all-time high again and fell again, but when I saw the bitcoin chart, it seems that bitcoin should need a long correction before rallying again.
Conclusion
By looking at some of the factors above and supported by various fundamental factors such as inflation that is too high, world wars are everywhere and several other factors, investors will move their money to safe heaven assets, namely gold which is supported by cup and handle patterns. At that time bitcoin and other cryptocurrencies will be slightly corrected, when gold has surpassed the all time high, bitcoin and other cryptocurrencies will immediately crawl up and touch their all time high.
I don't care about your laughing at this nonsense analysis. But this is my personal analysis that I share with you.
I am not a financial advisor. Thank you
What happened?/b]
1. Gold is clearly visible in the cup and handle pattern
An uptrend followed by a cup and handle pattern in technical analysis means that the price will continue to rise at least it will touch the height according to the cup height.
2. The S&P 500 is already too high
After the COVID-19 pandemic which caused a severe crash on the stock market, it turned out not to be as bad as I imagined, the market was actually getting faster to an all time high level. It has gone too high and needs to be restarted again.
3. Bitcoin is still too high and needs a little correction
In the 10x rally that occurred in bitcoin in 2020 and then followed by a crash with a decline of more than 50%. But it turned out that bitcoin touched its all-time high again and fell again, but when I saw the bitcoin chart, it seems that bitcoin should need a long correction before rallying again.
Conclusion
By looking at some of the factors above and supported by various fundamental factors such as inflation that is too high, world wars are everywhere and several other factors, investors will move their money to safe heaven assets, namely gold which is supported by cup and handle patterns. At that time bitcoin and other cryptocurrencies will be slightly corrected, when gold has surpassed the all time high, bitcoin and other cryptocurrencies will immediately crawl up and touch their all time high.
I don't care about your laughing at this nonsense analysis. But this is my personal analysis that I share with you.
I am not a financial advisor. Thank you