A selection of charts of what is going on and let's face it even the king of the jungle can get in trouble.
...“NEVER BUY A STOCK BECAUSE IT HAS HAD A BIG DECLINE FROM ITS PREVIOUS HIGH”... - Jesse Livermore
Dow Gann Angle Chart: A pause is expected around $20,000 - $22,000. but below $18,000 no one is safe. After such a rapid and steep decline stock charts are broken everywhere. The repair will take 6 to 12 months (if economics improve), the next three months will be filled with margin selling and portfolio adjustments. The main point is the lows have not been found, and of course, if the C19 virus disruption continues beyond 3 to 6 months then world GDP will be strangled down to deep recession levels and the stock markets will reflect this shock. In truth, NO ONE KNOWS!
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Stocks like Starbucks made fortunes for some, but now, massive run-ups, have massive corrections.
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Gold is acting as it should, nice 5 up, now a decent correction as expected.
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Like gold, margin selling is hurting bitcoin, gold, silver, and related stocks. A bottom will be found in the next 3 months and the new trends will begin in bitcoin gold, silver, and related stocks. Of course, this depends on how low the wider risk on markets go and how fast.
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Great change brings great opportunities for those with deep pockets.
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