Bitcoin is following the Nikkei225
So in my earlier ideas I hinted that Bitcoin was likely copying XINFIN and BTC previous fractals. Turned out to be correct and here we are at a double top with moonboys screaming for 300k. Yet as earlier forecasted on twitter, months ago in fact, that the stock market was going to go down around the 23rd of November. All this from looking at previous patterns in the market.
I had been following the Nikkei 225 for as a while as eastern economies have got out of Cornavirus lockdown quicker and their autocratic totalitarian have been a big help in getting their virus transmission rates down. In financial terms this would obviously mean their economies would have a leading edge over the west and even be a front runner over Bitcoin, the average of all economies. So this is why the Nikkei 225 could be leading the global markets.
I believe Bitcoin is about to get a 618-786 retrace and then go into a flash crash. I believe chartists like cryptosavvy and opticalartdotcom to be correct in their analysis. Even Cryptowhales calls have been on point depsite all the fun and jokes we have on twitter to the bulls misfortune.
I think the market is going back to or below the July lows of this year and for the most part Bitcoin has been in a much larger irregular ABC correction rather than a WXY correction that could of ended in July.
I don't think the Bull run is over, leading coins like XINFIN, DOGE, LINK and ZAP have showed us the money flow's psychology and movement.
I understand this kind of analysis using fractals across assets offends a lot of people but if it offends you don't read into it. Just go back to Harmonics and Elliot Wave.
From a risk management perspective I think having a cash position is a good idea because a lot of people forget that with hyper inflation you get also get hyper deflation. The sword and wrecking ball swings both ways and if you aren't fluid enough with a good long - short portfolio you about to get rekt.
I had been following the Nikkei 225 for as a while as eastern economies have got out of Cornavirus lockdown quicker and their autocratic totalitarian have been a big help in getting their virus transmission rates down. In financial terms this would obviously mean their economies would have a leading edge over the west and even be a front runner over Bitcoin, the average of all economies. So this is why the Nikkei 225 could be leading the global markets.
I believe Bitcoin is about to get a 618-786 retrace and then go into a flash crash. I believe chartists like cryptosavvy and opticalartdotcom to be correct in their analysis. Even Cryptowhales calls have been on point depsite all the fun and jokes we have on twitter to the bulls misfortune.
I think the market is going back to or below the July lows of this year and for the most part Bitcoin has been in a much larger irregular ABC correction rather than a WXY correction that could of ended in July.
I don't think the Bull run is over, leading coins like XINFIN, DOGE, LINK and ZAP have showed us the money flow's psychology and movement.
I understand this kind of analysis using fractals across assets offends a lot of people but if it offends you don't read into it. Just go back to Harmonics and Elliot Wave.
From a risk management perspective I think having a cash position is a good idea because a lot of people forget that with hyper inflation you get also get hyper deflation. The sword and wrecking ball swings both ways and if you aren't fluid enough with a good long - short portfolio you about to get rekt.
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