The beginning of 2020-2021 has seen a great recession which must people in many ways thought it would have ended months back but every time there are hopes of the recession ending, a greater recession comes to play.
There are numerous people on the net expressing their thoughts that the recession might be over by the end of October 2021, but is this the truth, is it what it is, has the recession given a reason for a stop, will the bulls be taking over the market anytime soon. Don't be in a rash to conclude, let's use this analysis to see where we are headed.
Most people are saying the recession might be over because: taking the S&P500 for instance, it can be seen that price has retested its lows at 3500 and moved back to its trend lin so an uptrend is expected.
Also, considering bitcoin trading at a very strong resistance at its previous highs with its 24h change being below 500 and showing signs of an uptrend
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All this not withstanding, The President of the United States of America made it clear that inflation is still rising and this will mean stocks and cryptos will continue to fall despite their resistant points. The dollar is gaining strength each and every passing day and the Fed Has given their duly unsatisfactory comments about this. Use the below meme to chill it down
Also, it's crystal clear that history has it that most deadly drops in the markets happens in the month of 'November' and as we approach that month, it will be good one still stays calm. Don't be served as a bite for others.
I advice you, don't listen so much to people but rather focus on what the market is saying
I will close by saying that,
- Do not Buy any crypto or Stock at the moment if you are a long time trader
- Do not Sell your holdings too because the market has it's ways
The Bulls Are Near But Not Here Yet, So I Encourage We Wait For Their Arrival First. Most probably in December this year or January next year. Watch out for a greater R is pending.
Catch Y'all Next Time, {will be updating on How to beat the Recession soon}. I'm OUT!!!