Realistically, this Bull Market is OVER
Im also a moonbois,but hear me out moonbois,
Technically over from :
- Market Structure Break (40K-> september 21 low)
- Trade below 20W SMA, 21W EMA or bull market support band over 6 weeks, usually we bounce in 1/2 weeks in previous bullrun
- Degrading volume since early November 21, signalling big player is pulling out
Fundamentally :
- Growing geopolitical tension at ukraine and south china sea -> investors afraid of potential war
- US inflation is at all time high and feds gonna raise interest rates
- S&P, Dow, and Nasdaq is going on a downturn, which drag crypto market down
- The stimulus check/free money for covid support that retail use to trade can't be issued forever
Technically over from :
- Market Structure Break (40K-> september 21 low)
- Trade below 20W SMA, 21W EMA or bull market support band over 6 weeks, usually we bounce in 1/2 weeks in previous bullrun
- Degrading volume since early November 21, signalling big player is pulling out
Fundamentally :
- Growing geopolitical tension at ukraine and south china sea -> investors afraid of potential war
- US inflation is at all time high and feds gonna raise interest rates
- S&P, Dow, and Nasdaq is going on a downturn, which drag crypto market down
- The stimulus check/free money for covid support that retail use to trade can't be issued forever
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