💾 Bank of America Corporation Worst Since 2008 | Major Crash

12 Mar 2023

Number two is Bank of America, this one looks even worst than JP Morgan Chase.

No introduction needed as I already did it with JPM but if you missed the other article let me just say that we are likely entering a "Bank Holiday" period.

Bank Holiday refers to the process of the bankers celebrating as the wealth of 20-40% of the worlds population vanishes.

Ok, the chart:

✔️ Bank of America peaked February 2022 and last month produced a year long lower high.
✔️ This week BAC produced the highest selling volume since June 2020.
✔️ BAC closed Friday below MA200 and EMA300 in a single candle.
✔️ It was already trading below EMA50, EMA100, etc.
✔️ The MACD did a bearish cross while moving below zero... Double whammy.
✔️ The RSI is already weak and gaining bearish momentum.

While everything burns, the executives will pay themselves millions and millions and millions of dollars in bonuses... People will lose everything.

We will see if Crypto will save the day or if it will also go down together with the whale banks.

Or maybe they will decide to print 5 Trillion USD to bailout the banks out and everything...

Namaste.