Bo Polyn: “the faster the rise, the sharper the fall.”

Global forecast 2020 analyst Bo Polyn argues that the US and global stock markets are on the verge of imminent collapse, contributing to the widespread adoption of Bitcoin and crypto currencies.

Bo Polyn: “the faster the rise, the sharper the fall.”

Bo Polyn says that the 1929, 1987 and 2008 crises also have a “rising wedge” formation. Markets sold heavily as a result of a collapse after breaking the bottom band of the wedges. The big crisis in 1987 had the same model and caused the market to decline by 37% in just 760 days.

1929 markets have risen rapidly in more than 600 days. Then, prices crossed the wedge sub-band and markets fell by 49%. Given these observations, Bo Polyn said, “the faster the rise, the sharper the fall.”

China and the United States (Dow) 2007 | Source: CNBC

China and the United States (Dow) 2007 | Source: CNBC

Global forecast 2020 analyst: “China has historically pioneered the world market.”

Most importantly, the devastating crisis of 2008, which led to the collapse of the global financial markets. Based on the chart above, Bo Polyn notes that Chinese markets have reached a peak in October 2007 and eventually broken support in January 2008. However, U.S. markets broke the support of Chinese markets five months later and the crisis was experienced. Polyn adds::

The five-month spread basically says that China has historically pioneered the world market.

“Next November, U.S. markets will fall with China,” says Polyn, who broke his support of Chinese markets four months ago, July 2018.

U.S. collapse of Dow 2018 / Source: CNBC

“The Bitcoin does not rise until the trust in the stock market or stock markets is lost.”

Finally, the pair formed on the Dow chart, where U.S. markets reached their peak in January 2018 and subsequently dropped to support. This was followed by a second summit at the same level on October 3, 2018, so that a double top formation was completed. A crash cycle started and markets dropped 1.600 points in Dow. Polyn says::

If the markets don’t collide enough, nobody buys Bitcoin. Bitcoin does not rise until you lose confidence in the stock market or stock markets.

He says bitcoin is in a “declining wedge” formation, which is the opposite of a “rising wedge”in which the stock markets are located. The fall in U.S. stock markets will cause a “big financial shift” and the money will flow into the crypto monetary sector, analysts say.

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