REPORT ABUSIVE REPLY
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Message Subject
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Crypto bottoms when we have our next "world event" similar to covid pandemic
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Poster Handle
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Anonymous Coward |
Post Content
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i haven't been tracking the dow jones lately but i have been tracking the s&p500. S&P is currently at 3829. I really want to see the S&P at 2500$ and i hope it's a bloody painful/fast crash. Reason i want to see 2500 is that is a bullish bat harmonic (also old weekly support). The quicker we get to 2500, the faster we can actually start a bullrun.
This point i'm making here is a point that most people don't understand. The sooner you go down, the sooner you can go up. The S&P500 looks like a bag of dog shit soaked in gasoline just waiting for someone to light a cigarette.
The only thing i'm having a problem with... is again... time. Time is always the hard part. If we come down to 2500$ in one wave down? That can be the end of the bear market.
If we come down to 3000$ and hold as support for a while? It's going to take even longer to make that final wave down to 2500$ to be the bottom. I don't see the s&p bottoming before 2500. It might go lower, but that's the moment i will start to begin to be potentially bullish.
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