This is not the S&P500 blowoff top that everyone is expecting to lead into a recession. Only a correction due to the fear of fed tightening. If you take a look at the fed tightening chart over the S&P, the beginning is not what triggers a recession.
That being said, we will most likely have a correction either down to 4300 or bounce off the 200MA. Still around a 3% move down which will probably effect the bitcoin price. But after that we’ll see an explosive move in risk-on assets. Low market cap stocks and BTC.
Crypto in general. Right now I’m seeing the actual blow off top around the 3rd or 4th quarter of 2022. A recession worse than the great depression and will most likely take a decade or longer to recover. Play your cards right.
I see bitcoin topping out over $230k. But bitcoin has never experienced a recession before and this upcoming crash is going to be devestating. Bitcoin will most likely bottom out below $8000. It will be the buy of a life time. Play your cards right.
In this fed tightening chart from a video by @GameofTrades_ you can see that when the fed began tightening and it led to small corrections but the s&p still noved higher. Recession didnt occur until the fed tightening started to flatline. Big moved ahead
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