How's That Great Depression Fractal Lookin'? (Dow Jones)
업데이트됨
It's looking pretty good. Although I was thinking markets could see one final blow-off top, this is looking like less of a possibility at the moment. The bearish narrative has pretty much set in. Although shorts can be squeezed, I think it's likely the market will fail to find buyers at higher prices and get heavily rejected.
Will it play out exactly like this? Most likely not, but the similarity in structure is striking. We also have some similarities in global issues - pandemic, inflation, war....it just continues, only about a century later. This makes sense, because 90-100 years is enough time for many to accumulate generational wealth, and for massive inequalities and inequities to increase due to runaway capitalism. The Dow Jones seems to be confirming a longer term top - the monthly MACD was completely overextended and has just flipped read. Stoch is at bottom and the Ultimate Oscillator keeps printing bearish divergences month after month.
What would happen to crypto if stock indexes declined by a magnitude similar to the Great Depression? I think Bitcoin would probably test levels not seen in years, and perhaps it would bounce more quickly than the rest of the market once the bottom is reached. Things would be insanely volatile. Something like this:
Seems unlikely, and it probably is. But this is all meant as speculation. Let's see what the future brings! There could be some seriously amazing opportunities out there during this turbulent time.
-Victor Cobra
Will it play out exactly like this? Most likely not, but the similarity in structure is striking. We also have some similarities in global issues - pandemic, inflation, war....it just continues, only about a century later. This makes sense, because 90-100 years is enough time for many to accumulate generational wealth, and for massive inequalities and inequities to increase due to runaway capitalism. The Dow Jones seems to be confirming a longer term top - the monthly MACD was completely overextended and has just flipped read. Stoch is at bottom and the Ultimate Oscillator keeps printing bearish divergences month after month.
What would happen to crypto if stock indexes declined by a magnitude similar to the Great Depression? I think Bitcoin would probably test levels not seen in years, and perhaps it would bounce more quickly than the rest of the market once the bottom is reached. Things would be insanely volatile. Something like this:
Seems unlikely, and it probably is. But this is all meant as speculation. Let's see what the future brings! There could be some seriously amazing opportunities out there during this turbulent time.
-Victor Cobra
노트
Monthly MACD flipping RED not READ. Alas, I seemingly can't fix typos before TradingView locks me out from editing.노트
I also want to note - I've been following this idea for years, and the yellow trajectory was drawn in 2020.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.