So, I have been doing a bunch of reading and watching all sorts of online videos (I'm sure like you all) about the current state of the broader markets and it seems like most are signaling out worrisome forecasts.. What many are mentioning is the correlation between the dot.com event as well as the last BTC parabolic bull-run at end of 2013 that lead to a year long bear market, and don't forget the Tether uncertainty. They say to Buy when others are Fearful, but wow that just seems like a cascade of FEAR! I am no professional trader here, which is why I hope others can give a better viewpoint on this scenario considering the vast similarities I have displayed in these chart comparisons. My expectation is, of course, a bounce (maybe happening now) to somewhere around the $6,000 and hopefully recover 70% as it did the previous time - this would reach around the resistance of $10,000. So is this possible? Well, I am bullish to say yes, but would it more than likely follow another sell-off, and we are traveling again to lower lows?
Once again, this is my junior outlook and I know many are expecting a bounce, but could this market-wide correction be something GREATER we haven't seen before...
P.S. I left a helpful link to remind us all about the last great depression and what was it that got us there, and I'll give you a hint.. it had to do with Inches.