Dow Jones Industrial Average Index (November 2nd 2020 through January 12th 2021)
Low: 20,889.1 points
High: 26,164.5-26,501.6 points
Well, it's election week, and there's a ridiculous amount of uncertainty floating around right now. My forecast is that Trump will win the 2020 US election, but markets may flash out beforehand, or just after. My projection for the DJI bottom over the next month sits around 20,889 points. It doesn't seem like this will have a profound effect on bitcoin, but alternative cryptocurrencies may feel a bit of the burn too. If it flashes, we could see a recovery to near 26,164 points range by about mid January 2021. It looks like we are VERY close to a quick and temporary flash crash.
Related ideas below covered a bit of the bearish nature I was seeing back in July, but I think both of those forecasts might not be as accurate based on my investigation into a different set of details this time. I originally thought that it could flash out to around ~15k points but I don't think that's in the books just yet. 2022-2023 could be extremely significant years to come, especially with a Trump presidency still active.
Happy Halloween! This week could get very spooky just a few days delayed from today :)
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Low: 20,889.1 points
High: 26,164.5-26,501.6 points
Well, it's election week, and there's a ridiculous amount of uncertainty floating around right now. My forecast is that Trump will win the 2020 US election, but markets may flash out beforehand, or just after. My projection for the DJI bottom over the next month sits around 20,889 points. It doesn't seem like this will have a profound effect on bitcoin, but alternative cryptocurrencies may feel a bit of the burn too. If it flashes, we could see a recovery to near 26,164 points range by about mid January 2021. It looks like we are VERY close to a quick and temporary flash crash.
Related ideas below covered a bit of the bearish nature I was seeing back in July, but I think both of those forecasts might not be as accurate based on my investigation into a different set of details this time. I originally thought that it could flash out to around ~15k points but I don't think that's in the books just yet. 2022-2023 could be extremely significant years to come, especially with a Trump presidency still active.
Happy Halloween! This week could get very spooky just a few days delayed from today :)
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
