Just a fun thought experiment. What if you superimposed the 2001 and 2008 crashes on the graph today? Turns out it would land squarely on some very important resistance lines.
MACD on weekly looks absolutely terrible, which is what led me to believe we have passed the "euphoria stage" and are now heading towards a market cool-down.
MACD on weekly looks absolutely terrible, which is what led me to believe we have passed the "euphoria stage" and are now heading towards a market cool-down.
Commento:
Forgot to mention that the support/resistance lines, are also the peaks before each crash as well.