Black Swan or Buying Opportunity?
As I see it, it's always a shake out.
This wider market reaction to the Deepseek startup, in my view, is just another opportunity to find a buy. There will still be demand on the inference side of LLMs for NVIDIA chips, regardless, and the current data centres can be used for other tasks than model training.
On Bitcoin, what interests me is seeing where the support is and how price reacts at those levels. It would be great if that finished in 5 with another move to the 618, maybe giving the termination point of a 2nd wave decline. However, I'm not yet convinced the 4th wave at the larger degree is actually finished. It's possible another move down to the bigger 236 comes to complete a flat, with the brief move above the previous all time high the termination point of a B wave of that flat.
Again though, these are the day to day fluctuations in an overall upwardly valued asset.
This wider market reaction to the Deepseek startup, in my view, is just another opportunity to find a buy. There will still be demand on the inference side of LLMs for NVIDIA chips, regardless, and the current data centres can be used for other tasks than model training.
On Bitcoin, what interests me is seeing where the support is and how price reacts at those levels. It would be great if that finished in 5 with another move to the 618, maybe giving the termination point of a 2nd wave decline. However, I'm not yet convinced the 4th wave at the larger degree is actually finished. It's possible another move down to the bigger 236 comes to complete a flat, with the brief move above the previous all time high the termination point of a B wave of that flat.
Again though, these are the day to day fluctuations in an overall upwardly valued asset.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.