Stock Market Crash Prediction: Worst 70% Crash before 2022 Feb?
Hi all. While Bitcoin is not performing well, the stock market is doing very well these days. Me also invest in the Vanguard VTI stock, and I see a massive gain on the portfolio.
But as everyone concerns, until when this uptrend movement will keep up to? Here's one of the many ways to think the problem.
Here I used the trend based fibonacci time and the fibonacci channel technical analysis tools. They are based on the fibonacci numbers and tell us a rough measure for possible supports and resistances.
Now as the chart, the market crash is coming, right in front of us. From my analysis I think it would be roughly between 2021 October to 2022 February. And as the 2008 crash, it would be 50 to 60% throwback. But to be very honest, it may not enough dump on the other hand. From the past crash data, it says 57%, but from seeing the chart, the -60% support zone is a little too thin. And, just returning back to the 1.618 fibonacci zone, where the same level to the 2020 April COVID flash crash is apparently not enough, to me at least.
So, here's my analysis. I don't TA usually on stock charts, so I'm curious your opinion on this analysis. Share your idea on the comment.
Also, as always, this is not a financial advice. Have a nice trade.
But as everyone concerns, until when this uptrend movement will keep up to? Here's one of the many ways to think the problem.
Here I used the trend based fibonacci time and the fibonacci channel technical analysis tools. They are based on the fibonacci numbers and tell us a rough measure for possible supports and resistances.
Now as the chart, the market crash is coming, right in front of us. From my analysis I think it would be roughly between 2021 October to 2022 February. And as the 2008 crash, it would be 50 to 60% throwback. But to be very honest, it may not enough dump on the other hand. From the past crash data, it says 57%, but from seeing the chart, the -60% support zone is a little too thin. And, just returning back to the 1.618 fibonacci zone, where the same level to the 2020 April COVID flash crash is apparently not enough, to me at least.
So, here's my analysis. I don't TA usually on stock charts, so I'm curious your opinion on this analysis. Share your idea on the comment.
Also, as always, this is not a financial advice. Have a nice trade.