Switching up from #crypto, this is the S&P 500 since 1980. Would you buy this?
If we apply Elliott Waves over SPX historical data, we are due to another crash. The reverse zone should be around SM300 if it follows previous tendencies. US Government Debt to GDP ratio confirms the problem. The first two crashes are similar because Govt Debt/GDP was similar. Now Govt Debt/GDP is 80% bigger. BTC and USD should increase value during this crash.
I am taking example of up move from 1987 to 2000. High made at end of 2007 was near 1.27% of base impulse move. Fibonacci extension of 1.27% or 1.23% is extremely important. Currently high made by price is at exact 1.27% extension of up move from 2009 bottom to 2015 top. That means we are at important price point in long term trend as we are analyzing the...
Salut readers/followers, As seen in the chart, DASH has had a fantastic run breaking amazing new all-time highs in a very short period of time. The growth has been beyond most expectations- showing exponential movement on the upside. As noted; the crash cycle is absolutely perfect. A double top resulting in a drop, with a denial yet to come. Be aware! Trade...