I think we know where this is headed...The chart speaks for itself.
Tesla is a great company, to the moon or whatever, but realistically economic growth is going to slow over the next year and into early 2023. The whole market runs in cycles, we cannot expect TSLA to climb in a straight line forever. It had a good run over the past month (AND 2 YEARS) but now it's time to regress. Selling now and buying back later is a good idea, you can't time the market of course but you can definitely buy it at a discount price than todays one. It's going to drop more. Retail Investors have been paying a huge premium and arguing the fact that it's because of "huge future growth" while they could consider averaging down or waiting till it reverts back to the 200EMA or nearest.
Entry - $1080-1150
TP - $600-700
Consider long around $400-500
Not financial advise, just NASDAQ:TSLA common sense...
Logical
Theory of Bitcoin fallHello Beautiful person!
I have been thinking about reasons of bitcoin fall and been watching "experts" on stock market, to see if there are correlations.
To set the stage a little, let me just summarize the reality we are hitting now:
Most of us are aware that the stock market is overpriced/overvalued and possible a large bubble
Some of us have foreseen that this bubble will not hold.
The Covid-19 acted as a catalyst to the above mentioned points, and then some
We are only in the beginning phase of whatever you can call this: strong correction or recession.
Many people thought BTC to be digital gold, and why is it falling
Gold and other precious metals are also seeing a drop.
So what I have learned is that during a market crash or strong correction, investor usually follow one core principle: Protect your asset/money.
In order to protect your assets:,
the first to be sold is volatile assets.
Then sell off assets that you "know" are over valued (tech stocks)
Then you need to cover your losses by selling assets that have yielded great results, aka book profits.
The 2 last steps are perhaps the major steps that throws us off when it comes to logic :)
Why sell off assets that are strong and still have a good future? To book profits and protect your assets so you can stay in the market for longer time.
Bitcoin, sadly, covers perhaps all the above bullet points: Volatile, tech and performed great.
It is only logical that BTC will be hit hard, given above mentioned arguments are valid.
All I am trying to tell you, my fellow traders and BTC fan is this: Think twice if you believe that this fall of BTC price is a result in no belief in BTC.
There is a logical reason behind this fall, that is not necessarily connected to the end of BTC or lack of belief in the asset.
PS
Looking at the chart, it might look like we are heading into a sideway trading between the support and resistant line.
DS
Stay safe out there and in these times: be sensible!
Using Logic and simple Arithmetics. Just imagine. It is said that investors don't have enough time to study about
every Cryptographic Co. Out there on the Market.
There are too many of those, you might find over 2.000 "projects".
Due to the fact that Zilliqa is one of those "projects" which claims to be
100% complete, tested and operative, together with its comparatively
low Token emission and high percentage of Circulating Supply.
Just imagine: Riple has 100.000.000.000? -Tokens it has been worth over $ 2.00 each one.
Compared with Zilliqa 12.000.000- -Using Logic and simple Arithmetics. Just imagine.
Once serious investors find out all they need to know about this massive Project and they
decide to jump on board, there is no "if" ... only "when".
BITCOIN WILL NEVER EVER EVER!!!!!!!!!!!!!!!!!!!! GO BELOW 5700 I literally created this chart well over 5 weeks ago you can even see previous examples from as early as 2 or 3 weeks ago so far its been following the path I layed out well ahead of time although not 100% precisely as laid out pretty damn close and as long as we hold above 5700 this pattern has yet to be broken and we will soon see another rally up to the 8500-9900 range within the next few weeks.... also weeks ago I also did menchion in a previous post that a lot of bouncing between the 6k-6500 range for a while before we see a bullish outbreak is to be expected just be patient and stick to the game plan