Nobody knows what's going to happen, and if they did they wouldn't be posting it on Tradingview.
Here is my long term view of the Nas, I think we are due for monumental profit taking and the start of a multi year descent followed by a colossal Bull market post 2027.
It's been a good run, but once again i think there's a high likelihood we are tremendously overleveraged and a lot of the rallies are due to speculation on a new world driven by AI. (which I think is possible, but will take time)
The thing is, who is holding at these levels? let along buying... from a technical analysis perspective there are many indicators pointing towards a trend reversal, bearish divergence, long term trend lines being hit, possible double top and Extreme greed on the fear and greed index.
I could be completely wrong, there is a theory we are in the middle of hyperbolic growth and this thing just keeps going up... personally I find that somewhat unlikely without massive profit taking. this isn't financial advice.. more of a note to myself in the future.
Take care and thanks for reading!
Here is my long term view of the Nas, I think we are due for monumental profit taking and the start of a multi year descent followed by a colossal Bull market post 2027.
It's been a good run, but once again i think there's a high likelihood we are tremendously overleveraged and a lot of the rallies are due to speculation on a new world driven by AI. (which I think is possible, but will take time)
The thing is, who is holding at these levels? let along buying... from a technical analysis perspective there are many indicators pointing towards a trend reversal, bearish divergence, long term trend lines being hit, possible double top and Extreme greed on the fear and greed index.
I could be completely wrong, there is a theory we are in the middle of hyperbolic growth and this thing just keeps going up... personally I find that somewhat unlikely without massive profit taking. this isn't financial advice.. more of a note to myself in the future.
Take care and thanks for reading!