The beginning of 2020-2021 has seen a great recession which must people in many ways thought it would have ended months back but every time there are hopes of the recession ending, a greater recession comes to play.
There are numerous people on the net expressing their thoughts that the recession might be over by the end of October 2021, but is this the truth, is it what it is, has the recession given a reason for a stop, will the bulls be taking over the market anytime soon. Don't be in a rash to conclude, let's use this analysis to see where we are headed.
Most people are saying the recession might be over because: taking the S&P500 for instance, it can be seen that price has retested its lows at 3500 and moved back to its trend lin so an uptrend is expected.
Also, considering bitcoin trading at a very strong resistance at its previous highs with its 24h change being below 500 and showing signs of an uptrend
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All this not withstanding, The President of the United States of America made it clear that inflation is still rising and this will mean stocks and cryptos will continue to fall despite their resistant points. The dollar is gaining strength each and every passing day and the Fed Has given their duly unsatisfactory comments about this. Use the below meme to chill it down
Also, it's crystal clear that history has it that most deadly drops in the markets happens in the month of 'November' and as we approach that month, it will be good one still stays calm. Don't be served as a bite for others.
I advice you, don't listen so much to people but rather focus on what the market is saying
I will close by saying that,
- Do not Buy any crypto or Stock at the moment if you are a long time trader
- Do not Sell your holdings too because the market has it's ways
The Bulls Are Near But Not Here Yet, So I Encourage We Wait For Their Arrival First. Most probably in December this year or January next year. Watch out for a greater R is pending.
Catch Y'all Next Time, {will be updating on How to beat the Recession soon}. I'm OUT!!!
3 things Newbies should do in their first week on Hive.Hello, @mindklonk! This is @traciyork from the @ocd (Original Content Decentralized) curation team. We noticed you shared your first post here on Hive - congratulations and welcome! It would also be awesome if you could do an introduction post, so our community can get to know you better. For information on how to write an intro post, please check out the SELF INTRODUCTION section of the post
Speaking of community, we have many different ones here on the blockchain, devoted to all kinds of interests. Here's a link so you can check them all out - Hive Communities. I think you'll find the LeoFinance community interesting to start off with.
Also, as Hive can sometimes be quite confusing, the newly launched Newbies Guide should be helpful to you, as it is a growing repository of useful and easy to understand posts about how the Hive ecosystem works.
Please be aware that Hive is a bit different from other social media platforms since you are monetizing your blog, so it is important not to include content that you don't own without sources (and it shouldn't exceed 50% of the post). For more information, check this post - Why and How People Abuse and Plagiarise by hivewatchers.
OCD Discord server if you have any questions!For now, @lovesniper will follow your account and we are looking forward to seeing your intro post. Also, please mention (also known as tagging) @traciyork & @lovesniper in your intro post in order for us to be notified, so we can consider your post for OCD curation. Lastly, feel free to hop into the
Thank You @lovesniper, I will kindly do that