Bank Of America: 2008 All Over Again

By traderview2
Rising wedge has formed on BAC. The same pattern it had formed from 1996-2008.

BAC is testing its bottom trend line. This could get ugly fast.

Fed cuts rates the most since 2008 to promote more artificial economic growth. It definitely helps the fact people are scared of a virus.

This was just the pin that popped the bubble. They will blame it on the virus if markets tank.

People seem to forget Bitcoin was created exactly after our last financial crisis. For the reason, we don't trust our banks. BTC has risen in value of more than 2 million percent!! It's got to be on to something.

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2020recessionBACbankofamericaChart PatternsTechnical IndicatorsTrend Analysis
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