Head and Shoulders formation on Nasdaq
NDQ and BTCUSD both have a head and shoulders. BTCUSD is correlated with NDQ and big tech stocks currently. I wonder what happens a recession in 2022-2023 or more upside to come? I am personally bearish considering all the macroeconomic factors such as central banks aggressive rate hikes, cost of living all time high, supply chain issues, russia/ukraine tensions, China locking down country, inverted yield curve, consumer confidence index levels historically low etc.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.