Drop coming in before next ATH coming due to stock market crash
The current situation in the "pandemic" world is on the edge of a collapse.
When we look at the stockmarkets charts we may conclude there is a parabolic situation for a while now. Parabolic rises have it in them that they will not last forever, and that the return is quite intense. Collapses occur often after the summerbreak; september, october. IMO governments will hit hard with the corona stick in the fall which will result in this crash.
Bitcoin, and most of the financial markets, will come down along. Bitcoin is working on a falling wedge which misses another touch before making it's way up out of the pattern. Since there still is a CME GAP at 24k, it is not very unlikely that the GAP will be filled during this crash.
When we look at the stockmarkets charts we may conclude there is a parabolic situation for a while now. Parabolic rises have it in them that they will not last forever, and that the return is quite intense. Collapses occur often after the summerbreak; september, october. IMO governments will hit hard with the corona stick in the fall which will result in this crash.
Bitcoin, and most of the financial markets, will come down along. Bitcoin is working on a falling wedge which misses another touch before making it's way up out of the pattern. Since there still is a CME GAP at 24k, it is not very unlikely that the GAP will be filled during this crash.