Hi everyone,
This is my first ever analysis in Trading View. I am starting with something that has the most importance from my point of view.
I have done this analysis on Nasdaq composite index, but pretty much all the share markets look similar. I have been n Crypto for about 6 years and have seen 3 cycles of creation and bursting the bubble. You might have seen the classic bubble chart, and you will notice it exactly looks like this. The part of the chart related to Dot com boom time also shows what is most likely to happen within coming weeks/months.
These days the good news about negotiations on China-US trade war has thrown some positivity to the market, but I believe when something is about to happen, it will happen and the media and market will find some matching news. I don't know what news will change the sentiment of the market to flip to downtrend, but I think 45 percent loss on the value of most of the share markets is unavoidable. I suggest if the market turns to downtrend, do not try to double your bets on lower amounts as this nightmare is not going to end very soon.
I don't claim to be an expert and this analysis is in no way suggesting to trade in any way. I am just trying to raise some flags and make you think and do more research.
Have fun and play safe!
- Mohandes -
This is my first ever analysis in Trading View. I am starting with something that has the most importance from my point of view.
I have done this analysis on Nasdaq composite index, but pretty much all the share markets look similar. I have been n Crypto for about 6 years and have seen 3 cycles of creation and bursting the bubble. You might have seen the classic bubble chart, and you will notice it exactly looks like this. The part of the chart related to Dot com boom time also shows what is most likely to happen within coming weeks/months.
These days the good news about negotiations on China-US trade war has thrown some positivity to the market, but I believe when something is about to happen, it will happen and the media and market will find some matching news. I don't know what news will change the sentiment of the market to flip to downtrend, but I think 45 percent loss on the value of most of the share markets is unavoidable. I suggest if the market turns to downtrend, do not try to double your bets on lower amounts as this nightmare is not going to end very soon.
I don't claim to be an expert and this analysis is in no way suggesting to trade in any way. I am just trying to raise some flags and make you think and do more research.
Have fun and play safe!
- Mohandes -