Hi guys I'd like to share a chart that is indirectly related to cripto currency

This is the smp 500, one of the American indices, as you now the economy of the world follow the US economy, this is easy to appreciate if you check the chart of the indices of other countries and compare to the American indices. To be brief, this chart is extremely overbought and divergente on a monthly scale, in my opinion we probably are 15 to 30 days away from the top, that could potencially be 3180/3250, targeting around 2100 in a 2 yrs period, this means a global economic resesion, and this is not necessarily bad, they are just cicles, the are other emergent markets that should strongly rise as the economy decline, the most volatile are are Gold, Silver and Cripto

Gold: trading at $1464 should reach at least $1680/$1700

Silver: is trading at $16,7 and should easily reach around $24 per oz if not higher

Bitcoin: is been tracking gold, I'm also bullish on bitcoin which should be the most volatile asset of these and reach $20k most likely to break it to the upside and make new ath
all these targets I estimate around a 6 to 8 month period around

Short term bitcoin look, 4 hour bullish divergence, sitting right at the support $8660/$8700 I'm expecting a quick move up towards $9400 at anytime before the weekly candle closes on Sunday

Very similar situation than in the previous cycle, however for this to happen bitcoin needs to maintain $8288 level, which I think is the most likely scenario but things can alway go wrong, in other words breaking $8288 support with a weekly close I will expect $6800/$7000 as next target.

I just double checked the levels and corrected the previous message. It's $8288 not $8400 on a bitstamp chart

Another reason why I'm bullish is those huge two daily candles, if you combine them that's almost 40% in just 2 days and now seems to be forming a bull flag that retraced to the 0.618 of fibonacci zone, is very tight and ready to breakout soon.

another sign of support and bullishness, the price is right above of the gaussian channel, just like in the last cycle.

Hi guys, dispite this bitcoin drop still not dead yet and have chance to recover, I'm waiting until this weekly close on sunday must close above the critical Level $8288

Like I explained in this message

How many profits you did since last year?
anonymous poll

Lost more than 20% – 120
👍👍👍👍👍👍👍 52%

No profits 0% – 23
👍 10%

From 20 to 50% – 18
👍 8%

From 10 to 20% – 14
👍 6%

More than 300% – 14
👍 6%

Lost 10 to 20% – 12
👍 5%

From 50 to 100% – 11
👍 5%

from 200% to 300% – 9
👍 4%

from 100 to 200% – 8
▫️ 3%

👥 229 people voted so far.

On BTCUSD for short-term
anonymous poll

I am Bullish – 123
👍👍👍👍👍👍👍 44%

I am Bearish – 105
👍👍👍👍👍👍 38%

I am Neutral – 49
👍👍👍 18%

👥 277 people voted so far.

Bitcoin Update — link
A few more things which I found on the chart.
Liquidity zones on the levels
7400-7300
7100-7000
6800-6700
All of this zones are quite good for longs, please, don't fuckup with margin x!
Keep you position size, leverage and liquidation levels in safe areas. It is a high volatile zone!

Questions — @arshevelev

https://www.tradingview.com/chart/XBTUSD/iZJUTRhK-Bitcoin-Update-Important-Hint/