brian7683
EssentialDot Com Bubble (2000): Top Order: Russell 2000 (RUT) -> NASDAQ (NDX) -> S&P 500 (SPX) -> TSX Duration: 182 days Financial Crisis (2007-2008): Top Order: Russell 2000 (RUT) -> NASDAQ (NDX) / S&P 500 (SPX) -> TSX Duration: 366 days 2014-2015 Market Events: Top Order: TSX -> Russell 2000 (RUT) -> S&P 500 (SPX) -> NASDAQ (NDX) Duration: 426 days 2018 Market...
For the DOT COM crash + Financial Crisis crash, the market tops happened when US10Y monthly RSI touched 46. Only downhill after. Pay attention!
The Nasdaq tops are indicated with red vertical lines. DJI / NDX reaches a LOW when Nasdaq tops. I think in 2024/2025, we'll have something similar. The RSI reached 18.72. We are at 29 now. Still room to go down. When the Dow Jones starts rising vs Nasdaq, sell your investments! The top in 2000 was in March. Could we have a top in March 2025?
Oct 1998, the Nasdaq broke out of its range and went up 157% over 459 days. I don't think we'll add 157% from here because of diminished returns and we have less time. Maybe 50%? That a Nasdaq at 30,000! It's at 20,000 now. That would be CRAZY! The Top between October and January IMO. What do you think? How high and when is the top?
The Bitcoin top happens when USDT dominance reaches a bottom and hits a resistance. If you look at the top for altcoins (OTHERS), they happened on average 1 month after the Bitcoin top. The altcoin season happens when USDT dominance ranges sideways. IMO, USDT dominance will crash from late July until Oct/Nov 2024. From 5.5% to 2.5%. That will be glorious for...
On Mars 2000, the Nasdaq peaked. That's also when the ratio RUT/NDX fell at it's lowest. The same thing is happening today. The ratio RUT/NDX is falling quickly! I suspect we reach the lowest in September. Maybe a good time to sell some investments!
It's a clean break of the trendline in the RSI. On the monthly and it's almost over so that candle will be final. Bullish on Ethereum vs Bitcoin.
ARK will break out from the resistance line at $55. It'll reach maybe $90 or $100 before crashing hard (like the rest of the stock market). Rebuy in 2026 IMO.
I'm very conservative saying I'm expecting a 2x from here. 279B$ to 800B$.
Diminishing returns so I'm thinking of instead of a 20x, we get a 10x. From 50c to 5$. ATH Oct-Nov 2024.
When Canada's unemployment rate starts increasing, the TSX is generally at an all-time high and starts crashing as the unemployment rate goes up. When will the top be in 2024? August? The unemployment rate has risen by 1% in the last year. Every time that happened, a recession followed. How bad will the crash be?
An interesting chart appears when you divide the Consumer Staples Index XLP by SPX. In 2000, XLP/SPX reached the bottom, the top in SPX was 153 days later. IMO, same thing will happen in 2024. Feb 1, 2024 XLP/SPX reached its bottom. 153 days later is in July 2024. Will July 2024 be the top in US + Crypto markets?
Could it go higher than 20,000? That's we 10% higher than today price. Melt up not done.
If you think this chart looks bullish and a bounce could happen here, then that means altseason could start soon! This chart shows the SMALL ALTCOIN DOMINANCE. I exclude all the big coins. (CRYPTOCAP:TOTAL3-CRYPTOCAP:BNB-CRYPTOCAP:XRP-CRYPTOCAP:USDT-CRYPTOCAP:ADA-CRYPTOCAP:DOGE-CRYPTOCAP:SOL-CRYPTOCAP:DOT-CRYPTOCAP:USDC)/CRYPTOCAP:BTC
1981 to 2020 - 39 years! the US10Y has been going down! In 2020 it's start reversing like crazy! What is going on!
IMO we top at $750B around August 2024 for the OTHERS marketcap. 165% increase from here. Don't be too greedy taking profits on your coins. Be happy with a 2-5x. Don't aim for 10x or more! Not realistic for most big coins IMO.
In 2007, the commodities index started rising sharply just after the market top. You should have sold your stocks just before that last increase in the commodity index. When there's a bubble brewing in commodities, you should sell. Markets crash when commodities sharply rise then fall.
Bitcoin dominance still has room to grow another 3-4% to 58% before it reaches its top and the altcoins season can finally start. Aim for June / July and convert your BTC to alts at that time. How low will BTC dominance go? I'm hoping 30-40%.