Will be here in November. Why and how this happens?
Source:
Analyst Global Forecast 2020 Beau Pauline explains that the global stock market and the U.S. markets are on the verge of imminent collapse. This will lead to widespread adoption of Bitcoin and cryptocurrencies. Analyzing past crises, Beau Pauline noticed an interesting feature: the faster the rise the faster the fall will be.
The Crises of 1929, 1987 and 2008 also was not sudden. All of them preceded by a “rising wedge”. The strong crisis of 1987 was the same pattern that led to the fall of the markets by 37 percent in just 760 days. In 1929, the markets have shown rapid growth for 600 days, after which the price broke the lower limit of the wedge, and the markets collapsed by 49 percent.
China vs. The U.S. in 2007. Source: CNBC
The Most important is the crash of 2008, which led to the collapse of financial markets around the world. Referring to the graph above, Pauline noted that the Chinese markets peaked in October 2007 and eventually broke through the support level in January 2008. However, the U.S. markets broke through the support level after only five months after the Chinese. And in June 2008 was a crisis. Morality.
The five-month Analysis of the spread as it indicates to us that from a historical point of view, China led the market.
Next Ambcrypto reasoning leads Bo Pauline that the Chinese markets just crossed the levels of support four months ago, in July 2018. This means that next month the U.S. markets could collapse together with the Chinese.
the Great collapse of the DOW will happen in 2018? Source: CNBC
It also drew attention to education «double top» chart of the Dow. It is seen that the U.S. markets have reached a first peak in January 2018, and then sequentially returned to the support level. 3 Oct 2018 was recorded the second top. Started the cycle of collapse and the market fell to 1600 points. Finishing the thought, Bo added:
If you do not have a strong collapse of the markets, no one will run to buy bitcoins. Bitcoin starts to grow, until people lose confidence in stock markets.
It Should be noted that Bitcoin draws now «falling wedge», that is the complete opposite of what is happening in the stock markets. Another drop in the U.S. stock markets will provoke a massive financial shift. Only in this case the money will start to flow into bitcoin and altcoins. More data to search for .
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