The Collapse of Everything (Except Crypto)

The End is Nigh…

If you have been reading my research over the years. You would know that I have been seeing all of the signs loud and clear that something BIG is not only coming, but it has actively been delayed over the years too. At least, the powers that be have been trying to stave off what is coming.

I have stated before in past posts, that from a political standpoint, government leaders really have 3 choices:

Print more money – QE that will cause inflation and eventually hyper inflation and the inevitable collapse of the monetary system.

Raise the interest rates – But for this to work it has to be raised to the point where it will stop and reverse inflation, but this amount would bankrupt the government.

Tyranny – Governments may just end up going full tyranny and turn against it’s citizens when they realize that there is no stopping what it’s coming, this could and most likely include outward wars too.

I have stated these things in many past posts. And here we are today in 2024 where we fully witnessed world governments test out tyranny over covid, we seen them attempt to raise the rates but they did not dare rase them enough to stop inflation. So that did not work. We have watched them desperately try and distract the masses with countless media ops and we have watched drum up wars in Ukraine and now, we see what people are claiming the start of WW3 in Israel and Iran.

But what do the charts say?

The S&P 500

The S&P looks horrible, it is clear to see the manipulation on this chart. The local formation is in a steep rising wedge. There is also clear divergence on the weekly time frame.

The divergence continues on the monthly time frame. This chart is propped up by printed money and we all know that this is not sustainable. Eventually the inflation of those dollars will lose it’s momentum and it will collapse under it’s own weight. It’s just simple as simple as that.

Of course as this is an index, the report of this chart will reflect on all of it’s indexed charts…

The DXY

The US Dollar index also looks bad. The chart initially broke out of it’s resistance point but it was a fake out. I reported on this back in 2022. The chart has since fell back into the previous formation and because of this is seeming bearish. Again, I do believe we are witnessing the “powers that be” try to prop it up. There are a few things that geo politically prop this up, the petro dollar being one of those things. However, the petro dollar is arguably done or coming to an end soon. With the advent of BRICS, the petro dollar will get dumped eventually.

I could write a whole blog or start a whole YouTube channel on what things could look like if the DXY gets to the bottom of the larger formation on this chart.

Let us also note the divergence of the RSI where the red arrows are.

What About Crypto?

USDT.D

First let us examine the USDT.Dominance. It also has been going up only but there is also divergence in the RSI as it has steady been going downward. What this tells me is that sooner or later, USDT will start to flow heavy back into BTC and ALTS.

TOTAL

The TOTAL chart looks much more healthy then it’s traditional market counterparts. We are in a clear bull flag continuation pattern.

This pattern repeats in the TOTAL2 and TOTAL3 charts. Which to me indicates that as the traditional markets begin to fail, crypto will start to shine again. This will be a result of the FED going back to money printing after it’s failure to fight inflation with raising the rates, wars, BRICS and the general failure of western countries.

Total2

TOTAL3

BTC.Dominance

Clearly in a rising wedge. It will come down and this means ALT Season. Which brings us to the next chart.

OTHERS.D

If you are in my Telegram group, you would of seen my last post with this chart. It is a head and shoulders pattern that is in the process of invalidating which is very bullish. If it makes it back over that orange bar, it’s off to the races.

Conclusion

Now I am by no means claiming that all of the worlds money is going to flow into ALT coins. But what I am saying is that the economies of the west are not looking too good. After all of the money printing during covid, the failed attempts to fight inflation and the return of QE, with more wars and more conflict, more government overreach and tyranny coming. The stage is set for a clear and distinct incentive for the flow of funds to change as these charts show by their patterns.

It makes sense for funds to flow into BTC as gold, as I have stated is not the best choice of a store of value when you need to be on the move. When money flows into BTC, money will flow into ALTs and we may finally start to see the proper ALT season we have been waiting for and in turn, we could start to see innovation and growth flourish in this market once again.

Categorised in: Cryptocurrency Markets, Cryptocurrency Trading, Fundamental Analysis, Technical Analysis

This post was written by BlockAdvisor