I will reference the 1973 crash as proof that this is what is happening today. Similarities: 8% between the 200sma and the all time High Daily Pennant/ Triangle Formation Bear Market Rally breaking above the 200sma, formed a double top 45% crash in prices in 232 trading days 50% crash from all time highs 1973 went 3 full range expansions 2023 potentially go...
Ok hear me out, I believe that today's price action in the year 2023 is eerily similar to what has happened in November 1973. I am not saying that is what will happen today but I can't shake the feeling that this is what will likely happen.
Eyeing a move to $4000 and subsequent decline. Notice the similarities with 1969-1973: first ≈35% sell-off, ≈80% move up within upsloping channel, throw over and the trading range. Will update the post as it unfolds.