Market Afternoon Check In! Just some short thoughts 📈📉📊

in leofinance •  3 years ago  (edited)

Just using Mana & Chainlink as examples. Can use Nasdaq or bitcoin also but these charts are more extreme so using for example. I see many looking at the bear market as over. To me this is 95% likely a dead cat bounce all around. The Fed is going to keep raising rates and some nations are already in riots over food and energy inflation. The markets in my humble opinion haven't bottomed at all yet. I’m hoping to see crypto not keep following the NASDAQ’s direction but for now there’s no reason to

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Added a quick video for the Dtube crew ⬇️

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To me this is 95% likely a dead cat bounce all around.

Very good analysis. You know what you are talking about. I'm always weary of the fed getting into the markets and buying also companies starting up buying back their own shares, then you have the plunge protection team. So I'm weary that will let the overall markets drop much further at least in the very short term. They may stabalize them faking out the people, thinking the coast is clear, then boom mid summer or something everything tanks again. That scenario would not surprise me a bit.