This is a hypothetical scenario, but with a real possibility of happening someday, if not soon or even this month.
Similar patterns don't always repeat, but sometimes they do when circumstances are similar. A 4th wave is sparking a lot of fear around the world at the moment. Germany may even close super markets in the biggest lockdown they've had yet. America's CDC director went on record crying and using the word "scared" yesterday. The market tends to follow emotions, if the emotions are fear, another crash could occur. Let's see where we are in a couple of weeks.
And, if we encounter another crash similar to what occurred in 1929, what happens differently? We have a pause button now, and a federal reserve that can print money. Does it flow into alternative assets like precious metals/resources and/or Bitcoin and the cryptocurrency market, or does everything go down together as usual? Does the fed intervene and make it better or worse? Curious to hear your thoughts.
Similar patterns don't always repeat, but sometimes they do when circumstances are similar. A 4th wave is sparking a lot of fear around the world at the moment. Germany may even close super markets in the biggest lockdown they've had yet. America's CDC director went on record crying and using the word "scared" yesterday. The market tends to follow emotions, if the emotions are fear, another crash could occur. Let's see where we are in a couple of weeks.
And, if we encounter another crash similar to what occurred in 1929, what happens differently? We have a pause button now, and a federal reserve that can print money. Does it flow into alternative assets like precious metals/resources and/or Bitcoin and the cryptocurrency market, or does everything go down together as usual? Does the fed intervene and make it better or worse? Curious to hear your thoughts.
Comment:
Added RSI and MACD for comparison, they are also quite similar (on the 1H chart):