A crash is coming
$Bitcoin(BTC.CC$ I’d think that BTC is a leading indicator of a crash and that the flash crash which happened on 8 September is the smart money cashing out. Everybody is making the call that BTC will go to 100k this year. It’s possible, but i just don’t think its possible in the short term, especially before 2021 ends. For those who are not blind, i’m pretty sure you can 1️⃣ see the huge divergence on the daily chart, 2️⃣ see the rejection to go higher, 3️⃣ holding onto 45k support for its dear life.
Plus, $SPDR S&P 500 ETF(SPY.US$ is likely to start a downtrend(at least for the short term), VIX is spiking higher, tapering is long overdue, the global housing crisis is looming, China crackdown on everything(which may soon affect US stocks), rise of Delta….the list goes on you know what I mean.
Hence, i think majority of the market will be turning bloody red in the coming weeks/months.
Plus, $SPDR S&P 500 ETF(SPY.US$ is likely to start a downtrend(at least for the short term), VIX is spiking higher, tapering is long overdue, the global housing crisis is looming, China crackdown on everything(which may soon affect US stocks), rise of Delta….the list goes on you know what I mean.
Hence, i think majority of the market will be turning bloody red in the coming weeks/months.
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