This market correction was just a tip of the iceberg & Steemit awesome indicator
At the time of correction, volatility index was just at the insane levels. And it can't last. Something is going to break.
What do numbers of VIX index show us?
Well, they show us, how scared the investors are in real time. Higher number means there is something extremly whong with the system, their investments are losing value (but that can be very interesting time to watch pretty closely, when to invest). But If volatility is under 10, it is also very bad sign, as it means there is not enough activity on the market and price movement is very poor.
It shows you the technical indicators of why this is unsustainable (below is 5 days graph)
The way the markets have been going, is totally out of main economy rules. But it's not over yet.
If you take a look at the charts not yet reached the 200-day moving average and everything eventually has to touch its 200-day moving average
So you're going to see a further drop coming sometime soon but what's interesting, is the speed of this drop. It was so rapid and it's because of all the black box trading and all of these funds that are tied to ETFs, where they're mimicking the stock markets. So when the technical indicators turn negative there could be a wave of selling. Therefore we could see a crash like we had, only ten times worse. The higher the market goes the bigger the point drops are going to be. And whenever the market pulls back, gold and silver are showing tremendous strength in the face of market weakness.
The central banks do have control. They can stop the funding of the stock market. They can bring this thing down very easily. They can control it from the basement of the Fed.
Steem awesome indicator, showing steem's future is heading north
What is "awesome" indicator?
It is used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints
source:tradingview
The central banks are making a call to take control of the cryptocurrency market. They want their system in control at the end of the day when the reset hits. They don't care how hard they bring it down. What they've just done is, they just brought it down very very quickly and made everyone afraid. And this is how fast it can come down if they gain the control of the narrative. They will bring it down fast and hard. People will not even know what hit them.
A few sentences are taken from Mike Maloney and X22 Report
sources:
X22
Mike Maloney report
All graphs are taken as a snapshot from Yahoo Finance
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You stated: "The central banks are making a call to take control of the cryptocurrency market."
What do you mean by that? Are you saying that the central bankers are taking control over them entirely? And this means Crytpos are going to be worthless?
What kind of "Reset" are you thinking they want to do? And why would they want to bring it down so hard and fast? And why would they want to give us a teaser...why not just do it?
Great stuff. Loved the article and the work you put in. Thanks
Well, the petro-dollar system is dying pretty fast and central banks need something to hold on to. Cryptocurrency system is where governments without the central banks can basically create their own coin, issue it and say this is the currency of the country and this would be a people's currency. This is what the central bankers don't want. Central bankers are not taking control of cryptocurrencies entirely, but they are pretty much lying to the media how every cryptocurrency is fake, but in reality, they are high trading with most of them. That's their game. Most countries are moving away from the US dollar. The central bankers issue one dollar and people need a dollar 25 to give back to them. The 25 cents doesn't exist yet. The 25 cents represents interest. So the central banks create more currency and the government's borrow it and this game goes on, puts government's the people into debt and the central bankers take control. That's why banks (bankers) don't like cryptocurrencies as they are now. Why would they want to bring it down so hard and fast? Every financial crisis has a lot of reasons, why it happens in first place. It does not just happen out of the blue sky. From 2008 up until today...most stocks on the market were not funded by people any more, but by banks or by company repurchasing its own stocks. Do you think banks and company owners will wait for days or months when 30 year bond bubble bursts, or when hyper-inflation gets to the west? Or when housing bubble bursts (again)... If you ask me, that will happen in few hours max. Bankers in wall street are already making millions in one tenth of a second. Dow Jones was worth half of its price for 2/10 of a second two days ago. And in that time I assume they had high puts...silver/gold and stocks are moving in the same direction many times....Oh yeah, there is a lot of crime in a trade market
What Reset are you thinking? I.E. a different currency, coinage, new USD, Fedcoin, etc?
There are few ideas out there and actually one of them is in beta function. It is called "Treasury dollars". Since then the Fed has been very active on COMEX again. With CB’s and market players buying massive amounts, it’s the only logical explanation for stalling bullion. The fall of COMEX and the fall of the Dollar are basically an evil twin, they will happen simultaneously and because of each other. Jeff Berwick is talking about Special drawing rights currency... https://www.facebook.com/DollarVigilante/videos/1892052247473863/
Treasury Dollars...kind of like US coinage becoming the currency and the Notes being expelled? With an Exec Order?
Right. If there was an exec order, I didn't check. About SDR you can check here SDR (if you want to know where did all the money go in 2008-2009, just watch the video) But you can see, that bonds are really overheated, even more than stocks. Sellof is happening in bond-market and stock-market...at the same time! The only thing that is worth to have at this moment, are real silver or gold, few cryptocurrencies (not altcoins), and maybe a peace of land. Those are things that will keep it's price or even get way higher.
Nice job man!
no problem
What's this? A well written post on cryptocurrency that isn't plagiarized? I am astounded! Take your upvote! You've earned it.
I never plagiarize :) It happened maybe 2-3 times that I forgot to write down the sources of those few paragraphs and I got bot message. Thank you though for upvote ;)
Oh, it wasn't a dig at you. Perish that thought. So many others lift crypto news directly from Coindesk or CCN, and it drives me up the wall.
No,no, I got your message ;) And yes, when I try to read a few things out from the bloggers I follow, I see a lot of news, I already read somewhere.But the thing is, people see that sooner or later. So it's not worth it if you ask me
Agreed. I'd rather upvote and support the people who post their own opinions. The ones who write their own crypto story.
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