Two wedges/triangles being retestet after a breakout.
The one in 2019/2020 was more like a triangle as it had a steeper upper line down slope and was way shorter then this current one.
However August 2020 S&P500 was not going down like it does now.
Note that BTC nearly never goes up when S&P goes down.
Could mean that S&P is done going down soon aswell if...
The argument for US Quantitative Easing soon and subsequent pumpamentals in the equity market are often discussed on socialmedia these days.
Let's look at the GFC and see when they announced QE back then.
February 7, 2007 – HSBC’s Subprime Losses
July 31, 2007 – Bear Stearns Hedge Fund Collapse
September 18, 2007 – Fed Begins Rate Cuts
September 15, 2008 -...
