Upper part of an Gramophone Pattern
if the prices start to move down it could crash 50%.
Reason to go Shorts:
Upper part of the big picture Gramophone Pattern
Prices are into Weekly Supply zone
May Form the Head and Shoulder Pattern.
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Technical Reason :
Head & Shoulder is forming in Nifty. A topping pattern
so nifty will crash really hard,
T Trail it
Fundamental Reason :
Horrible Budget, Nifty will likely To crash.
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As we consider the money printing than the new all time high of bitcoin will be 27k to 29k Range.
Bitcoin will likely to crash upto 60% at the range of 9k to 11K ( Reload Zone)
In addition to that we are observing this strange pattern when the prices mooning consequences three month. 2nd candle is bigger than 1st.3rd candle is bigger than 2nd candle.
Why Market will 60% crash Till Dec 2021 ?! 😯
1. Overvalued ,High PE ratio🙄
2. Real Economy is down to toilet but Financial Economy is booming 🤔
3. Unsustainable Debt to GDP😫
4. Covid is spreading faster with mutated Virus 😨
What to do??!
1. Hold Cash ( that's what warren buffet is doing right now)🤔
2. Buy Gold and Silver ( Buffet hate Gold but first time in...