might be too short if we are experiencing a correction to the raging bull market of the last 2-3 years. i wouldn't be surprised if the market corrects for a year or two.
Yep. We have been bullish since 2016 leading to the build up of a huge pump that nobody really expected in 2017.
To say that this current bear market is able to end at just a few months seems unbelievable for me. 2014, even though in a completely different context, can provide some guidelines. The markets after 2013, which was obviously a shorter and less prolonged pump, took around 3 years to fully consolidate for the next pump.
it's hard to say how things will pan out. the post-2013 action provides some guidance, but it should be stressed that charts
never play out the same way twice. history rhymes (doesn't repeat), but it's also a really small data set we have. so we shouldn't be biased too much based on the previous bubbles.
but, i think it's still possible this correction will look more like summer 2013 than 2014. we really won't know until there is a confirmed lower high on the long term charts, which will confirm the long term downtrend.
