DOW before the Great Depression is a blue-print for today
On the left you see Dow Jones after the Dotcom and Mortgage crises until today and on the right Dow from the late 1800s leading to the 1930-32 Great Depression, both on the 1M time frame. Do you notice any similarities?
The blue line is the 1M MA50 and the green line the 1M MA100. The Megaphone pattern that started the long term rallies on both is evident. Not as a forecast but for keeping some perspective, we added Bitcoin's price action (orange line).
One last 5-6 year mega rally may be in order before a greater market correction.
Follow us, like the idea and leave a comment below!!
The blue line is the 1M MA50 and the green line the 1M MA100. The Megaphone pattern that started the long term rallies on both is evident. Not as a forecast but for keeping some perspective, we added Bitcoin's price action (orange line).
One last 5-6 year mega rally may be in order before a greater market correction.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon