THREAD: (1/6) Two days after posting this, the US stimulus package was passed, and it may have changed the game imo. I made this video for my Discord group on March 27th with an argument for the bottom being in on equities. It was made rather https://twitter.com/crediblecrypto/status/1242721670831452160
(2/6) informally and without any prep, so I do ramble on a bit and make some generalized statements, but I think the message gets across and figured I would share it here for those interested. The link will be at the end of this thread. In the immediate short-mid term
(3/6) we are facing the most important S/R on the chart for the current situation, and I expect we don’t break through it on the first go. So regardless of if the bottom really is in or not, I expect a pullback on equities across the board here shortly. Furthermore,
(4/6) it’s important to note that now that we have had a couple of weeks of time with the new stimulus bill, it isn’t (thus far) as easy to get the aid from the government as it originally seemed it would be. As a small business owner, getting the aforementioned forgivable loan
(5/6) has been a challenge, and the government grants offered have also had some unforeseen caveats as well. I hope that in the coming weeks these issues get sorted out as I do believe the federal stimulus is vital to get the ball rolling on our economy again, even if it may take
(6/6) 6-12 months. That all being said, here is the video link: https://www.loom.com/share/38c004c79fbe4e6782325a7a0de010fd
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