This doesn't look like 2000 and 2008 at all
Updated
There are too many people expecting a crash nowadays, because there are some indicators showing a similarity to the 2000 and 2008 stock market crashes.
I am convinced however, that if too many people expect something, it will not happen. Quite the contrary will happen.
I am not a stockmarket shill, I don't even own any stocks. I started learning TA when I started with bitcoin 6 years ago. So I might not be an expert on stocks, I fully admit that.
It just is very interesting to make some observations. And it really was noteworthy how this time everyone expected a crash.
The difference is, that in 2000 and 2008, almost nobody was expecting a crash of this magnitued.
Such stuff always takes people by surprise.
I see the situation now more like in the 80s. Nasdaq had some two strong dips back then, where it immediately recovered and made new highs.
I see a similar situation now.
The yearly picture is bullish anyways, see my other chart here:
And the motnhly picture as you can see also looks very healthy.
And this bounce here directly goes on making new all time highs.
Quite different from 2000 and 2008.
We soon shall see, but I just don't see a crash happening when everyone is shorting and expecting it. Market psychology is truly fascinating.
I am convinced however, that if too many people expect something, it will not happen. Quite the contrary will happen.
I am not a stockmarket shill, I don't even own any stocks. I started learning TA when I started with bitcoin 6 years ago. So I might not be an expert on stocks, I fully admit that.
It just is very interesting to make some observations. And it really was noteworthy how this time everyone expected a crash.
The difference is, that in 2000 and 2008, almost nobody was expecting a crash of this magnitued.
Such stuff always takes people by surprise.
I see the situation now more like in the 80s. Nasdaq had some two strong dips back then, where it immediately recovered and made new highs.
I see a similar situation now.
The yearly picture is bullish anyways, see my other chart here:
And the motnhly picture as you can see also looks very healthy.
And this bounce here directly goes on making new all time highs.
Quite different from 2000 and 2008.
We soon shall see, but I just don't see a crash happening when everyone is shorting and expecting it. Market psychology is truly fascinating.
Comment
Everyone waiting for the crash...crash not coming, instead new ATHs are coming, hehe.Well well well, that is classic inverse psychology. If too many people expect something to happen, it won't happen.
Comment
Wow, it appears as SURPRISE! No crash is coming, instead new all time highs! Who would have thought?!
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