Crypto users should know that “…History doesn’t always repeat but it often rhymes”. Currently, a technical signal from 2018 – one of the darkest years for Bitcoin has been splash again before our very eyes. If you’re holding a bag, you will need to examine some steps.
The steps are;
- The Rare “4-Red Candle” Curse
In Bitcoin’s entire history, printing four consecutive red monthly candles is an extreme rare and bearish event that need to be looked upon. It’ll interest to know that the last time such pattern happen is 2018.
- The Fed’s “Life Support” is About to Be Pulled
One may ask, if hasn’t the market completely collapsed yet? The answer is, we are still breathing on borrowed oxygen. Under Jerome Powell regime, the Fed has been quietly injecting roughly $40 billion to prop up their balance sheet. But the tide is turning.
- Wall Street is Whispering
This mean someone knows something we don’t know. The big players on the street are starting to get nervous. The rumor going round now is that somebody already knows a major correction is coming. Trump’s decision to tap Warsh (a man who was on the front lines during the 2008 financial crisis) to brace up for a serious economic reset.
- Prepare, Don’t Panic
This is all about survival. Users need to watch their leverage, keep their powders dry and remember that the bear market is actually the ‘easy mode’ of the circle.
“…when the hype dies and prices bottom out, that’s where the real wealth is built for the next run”
