What if it crashes like in the past?
Updated
Just a fun thought experiment. What if you superimposed the 2001 and 2008 crashes on the graph today? Turns out it would land squarely on some very important resistance lines.
MACD on weekly looks absolutely terrible, which is what led me to believe we have passed the "euphoria stage" and are now heading towards a market cool-down.
MACD on weekly looks absolutely terrible, which is what led me to believe we have passed the "euphoria stage" and are now heading towards a market cool-down.
Note
Forgot to mention that the support/resistance lines, are also the peaks before each crash as well.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.