As you can see we are only in correction territory, in the stock market at the moment across the indices, however, it could be reasonable to possibly see a bounce here before seeing the final leg downwards, as it breaks out of the theoretical head and shoulders.
I feel the biggest crash in history is coming and we will be set in for a multi year bear market, I've been saying this for months (you can look at my previous trading view ideas), the government has printed 80% of all dollar bills since the first 2020 lockdown. They then sent out $1000 stimulus checks across the country, creating the greatest bull run in history - and what comes up, must come down.
Bitcoin is already down 50% since November. That should be enough said. I believe crypto will follow a similar path to the dotcom crash in 2000 and see up to a 90% retracement.
However, time will tell and it is still early and we could just see a large correction, however, I thoroughly believe the is the crash of the century.
@joonwon1 it’s because it’s showing my levels and all the prices of the levels are stacked on top of each other
joonwon01
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I don’t know how you did it but the prices on the y axis of your chart are not accurate. The top of the shoulders is around 380, not 370 like your chart suggests.