Nasdaq dotcom bubble 2022. Bottom may be around mid 2023/2024
This is 1 year chart.
The Nasdaq has been overbought in term of RSI and upper Bollinger overshoot
Short until 1 year mid bollinger around 5.8k to 6.3k
We now have crypto bubble burst (Bitcoin won't vanish but the price will go down significantly), tech bubble burst, unprofitable company bubble burst
The Fed may start being dovish, but the focus should shift to recession fear and deceleration of growth of big tech companies in US
There is also FTX contagion (in crypto universe) and soon to be Lehman Brother of 2022, Credit Suisse.
The Nasdaq has been overbought in term of RSI and upper Bollinger overshoot
Short until 1 year mid bollinger around 5.8k to 6.3k
We now have crypto bubble burst (Bitcoin won't vanish but the price will go down significantly), tech bubble burst, unprofitable company bubble burst
The Fed may start being dovish, but the focus should shift to recession fear and deceleration of growth of big tech companies in US
There is also FTX contagion (in crypto universe) and soon to be Lehman Brother of 2022, Credit Suisse.
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