Bitcoin Massive Bear Structure?
Following VWMA on 6 hr time-trame, the bearish structure follows the George Lindsay 3 Peaks & Domed House.
While this is not a daily chart, the framing is strikingly similar.
Serious divergence in overall market, resulting in likely major macro-economic correction impacting all markets in 2022.
Macro factors likely driving plunge further past long-term center channel:
- All assets since 2003 valuation +1,100%
- PPI (all commodities) has doubled since 2000
- S&P500 +300% since 2011
- M1 money supply +7,300% from 1976
- M2 velocity down about 50% from 2000
- DJIA +180% from 2011
- DXY (USD index) down 23% from 1986
While this is not a daily chart, the framing is strikingly similar.
Serious divergence in overall market, resulting in likely major macro-economic correction impacting all markets in 2022.
Macro factors likely driving plunge further past long-term center channel:
- All assets since 2003 valuation +1,100%
- PPI (all commodities) has doubled since 2000
- S&P500 +300% since 2011
- M1 money supply +7,300% from 1976
- M2 velocity down about 50% from 2000
- DJIA +180% from 2011
- DXY (USD index) down 23% from 1986
Feragatname
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