MarkStrachan
@t_MarkStrachan
What symbols does the trader recommend buying?
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Pepe looks to have dropped to a 0.78 fib level from start to top so it may well bounce. RSI is low and should turn up soon to confirm. Wix indicator is showing a green uptrend signal also confirmed by a low but rising stochastic RSI. Fib levels are on the chart as are the other indicators. Id say it will bounce from 14 upto the high 19 a nice 33% ish gain. Id also ladder out before that to get out safely as whales can and will sink the price by selling large amounts at this level.Also the next bit of negative news be it bank goverments or world events will make all assets shed and rebalance as i think its well overdue a 20% to 30% dump across all assets.
My 4 yr cycle projection for next bull cycle ending q4 2025. I see a mid cycle rally leading to september but for now i see macd rsi and wt cross all pointing down for a possible 30 - drawdown. A final shakeout is occuring. Mid cycle rally towards september may be null if the worlds economy doesnt recover faster. Liquidity in world markets are decreasing just look at FANG stocks that hold the most wealth. Stocks drop everything drops.upto 2 months worth of steady decline as previous signals from the indicators on NOV15th to JAN15 had a 44% drop and this pattern looks identical to whats happening now.NOV15 2021 all indicators where in same position as now and the drop was around 44%. If this plays out the same i will be buying drinks as ive got a short on BTC lol.
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