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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.