Another Textbook Market Cycle: Short CRM

After an asset goes on an exponential run-up, it has a major correction. CRM looks poised to plummet over the next few months, as it has formed a very nice short opportunity here at $142. This chart is very similar to Bitcoin, in January of 2018.

CRM looks to be stopped out by the 100MA (white line) as well. It looks very similar to the S&P in early December, before its major plunge.