This Tesla bubble looks a lot like Bitcoin did before it burst!
Updated
TSLA looks like it's in for the same sell of that BTC experienced in the midst of such irrationality.
It will be interesting to follow the impending drop in TSLA shares to see how closely it follows.
I understand that comparing the two is irrelevant in terms of value, but I posted this based on price action and psychology around greed in markets in general.
In that sense they very much the same and will likely have the same outcome. I love TSLA, don't get me wrong... especially the new truck + 4 wheeler combo!
It will be interesting to follow the impending drop in TSLA shares to see how closely it follows.
I understand that comparing the two is irrelevant in terms of value, but I posted this based on price action and psychology around greed in markets in general.
In that sense they very much the same and will likely have the same outcome. I love TSLA, don't get me wrong... especially the new truck + 4 wheeler combo!
Note
Can she squeeze one more pump out of this wedge before the rug pull?
Note
She can't get through this tough resistance... rightfully so!
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