i have been waiting for this for a long time. we had to go down one last time. the sideways movement, could never get us anywhere. you always have a last panic down. to get out the weak hands. i have said for a long time i wanted this. and it will surprise sooo many people. when we suddenly boom like crazy. they will think it dead now. we are going down far, but then it will suddenly turn, and boom like crazy. i expect us to still be following pattern. this means we will go up to almost all time high again in one swoop.
the world has proven to me, that i cant do the timing properly. its why i am a passive investor. but lets say this last 1 week. this will come perfectly matched with the legacy markets going over the cliff. when they all understand that the party is over. they will flee, they will flee in to crypto. just watched cnbc talk about buying this crypto dip. its that mainstream. not all of them ofc, but there are people there that know what they are doing. and people that have no idea. this particular guy, is one that seem to understand how markets work. (not saying this because he was buying crypto, he is realistic about the markets in general. first time i heard him talk crypto)
lets give a number for the final low. just for fun. il use ltc. i want us down to 42. this number will be reached just as the brexit deal falls apart, and american markets go in to official bear. technical traders do know what happen then. they are just refusing to believe that it will happen,right now. il give two different options here for timing. we either go a bit up again now, before we fall next weak, and reach the turn on the 21st. or we go down there tomorrow, markets in general go in to bear on Friday, and it all starts true this weekend. you cant trust me on timing, this is just how it is. but i do like to try anyway. if fun to make educated guesses