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NVDA SHORT TO 620 BECAUSE BEARS PARTY WITH GOOD GPU'SHere's a neat little POTENTIAL setup. I added a projection line. I probably shouldn't have added a projection line. It will probably make me look stupid in a few months to a year. Or maybe even right now. Depends if you like my charts or not. Or have just recently followed. This chart is a little more longer term. Do I think NVDA crashes some 32% to $620 overnight? No. Sorry, but even bears gotta be realistic. There will be stops along the way. There are some levels of support heading down. But ultimately. There are a lot of rejection areas stacked in a small window of time. Weekly RSI is crossed down. Daily RSI still technically bullish. That can change quickly. Monthly RSI still technically bullish. But also, pretty much maxed out. 4 hour is on the chart 55.41 to 55.17, still technically Bullish until crossing. Price targets are marked, which include but are limited to only 4 (I normally include a lot more but I want to keep this chart clean), as the patterns and major trends are well defined. You'll see. RED HORIZONTAL rejection line at 1200. PINK TREND LINES, ALL currently rejection trends, all of which can breakout in future. GREEN TREND LINE, It's a superman strong trendline. IF PRICE CONFIRMS, YOU WANT IN. WHITE GREEN HORIZTONAL, IDEAL bottom from the drop. 617.21?? GREEN HORIZONTAL, potential BOTTOM. (this number projects out some 2 years or so, and I'm not sure we see it until we see upside targets of ridiculous numbers, like 1200 or even 1800 per share. I could then see NVDA taking down the market. Which would bring price to 230. That move is very possible. 620 to 800 buy nets 2 to 3x profit at those 1200 and 1800 price targets. A drop from those price targets to 230 is just around 80%. If you don't think a stock can lose 80% of its value and run to 5000, SEE META. Too lazy to look? Got ya covered. Does it happening to META mean it will happen to NVDA?? NOT ONE BIT. My point with that is that an 80% drop followed by a 600% run isn't totally out of reality. Because it literally happened. Multiple times, but I only used META as the example. This chart covers TECHNICALS only. Mostly Trends, Price targets. But also, put/call. check the ratio's heading into AUG thru NOV. They look a little high to you? Maybe it's just me because it's near 4/20. www.barchart.com Alright, I think that covers everything. I'll add more when I see via updates to this chart. IDK where the entry would be, but somewhere between now and 890. I'm WRONG often, don't take my word for any of this chart. Look everything up, pull from a lot of sources, do YOUR analysis and then make a decision. GOOD LUCK.
NASDAQ:NVDAShort
by nicktussing77
16
The Housing Market is About to Pop. How Does This Affect Crypto?The US Census Bureau recently published population numbers for cities across the US, and the numbers don't look too good: most large urban centers in the country have taken significant population losses in 2020-2021. Politicians and media pundits typically blame COVID and supply chain woes, though these trends were already happening even before the pandemic - the lockdown only accelerated what was already there. Los Angeles lost around 1% of its total population - which is already significant - but San Francisco and New York lost a staggering 6.7% and 6.9%, respectively. Most US urban centers have been struggling with a housing shortage crisis in the last few decades as housing costs, rents, and costs of living have been outpacing both inflation and wage growth exponentially since the financial crisis "recovery" in 2008. (This was around the time Bitcoin was invented, coincidentally.) In addition to rising crime, homelessness, and loss of quality of life, the well-paying jobs are also leaving the state citing high taxes and unfavorable business policies - giving people less reason to be there as well. The housing market is no different than other markets in that it operates on supply and demand . Housing advocates typically propose building more housing units (increase the supply) to bring costs down, but most cities have opted for the other "solution" - which is to bring costs down by decreasing the desirability of the city itself. (It's an unfortunate series of events, but it is what it is.) Nominal vs real pricing charts of US housing shows that listed prices are vastly inflated compared to its "real" value, which is contributing both to the bubble and the loss of quality in housing construction itself. San Francisco's Case-Shiller Index was chosen since it's objectively the most housing-inflated area right now, objectively speaking. The housing bubble is most likely to pop there, then cascade downwards onto other markets as people's faith in its growth starts to stagger. The reasons above (combined with the Fed's interest rate hikes this year) are why even Wall Street and big companies have taken an interest in crypto, NFTs, and metaverse assets lately, since they see it as a hedge against a weakened dollar and a recession (potentially a depression) looming in the horizon. At this point it's not a matter of "if", but "when". For crypto/metaverse investors, the thing to keep an eye on is the level of trust that the general public has in the banking system right now. When the housing bubble pops, it could potentially lead to a liquidity event of a magnitude never before seen, since technically there would be a lot cash sitting in people's hands, looking for places to invest. - The pessimistic outcome for crypto investors is the "money running scared" scenario - where panicked money runs back to the banks and other "conservative" investments assets (bonds, cash) that are seen to have less volatility overall. This may lead people to cash out and leave the crypto ecosystem altogether, causing a downturn in the asset class overall. Keep in mind, though, that housing, cash, and bonds have *traditionally* been seen as "reliable" investment choices, but in recent years those are the exact assets that have been inflating - which has lead many experts to question if they are functioning in the way it was originally intended overall. If that perception becomes shattered, a lot could change overnight. - The optimistic outcome for crypto investors is if the money that was intended for buying housing or other related assets becomes "free", potentially going into alternative assets, which includes crypto. Since a major housing bubble at this scale hasn't happened here there's not much data to show one way or another but we do know that the Evergrande crisis in China has had basically no (arguably inverse) effects on the crypto market as a whole. Panicked money may flow into crypto in ways never before if it's seen as a safe-haven against the turbulence of the housing market and the USD as a whole. Realistically, there will probably be a little bit of both going on, but being that the size of the US housing market is much bigger than the size of the crypto market cap, crypto needs much less of a % of money flowing inwards in order for it to grow. The housing market, on the other hand, has nowhere to go but down. Time will tell, but it would be advisable for people to be prudent about where to put their money this year, because a lot could happen very quickly as the United States faces its biggest financial crisis in decades in the near future.
FRED:SFXRSALong
by RyanTanaka
The Housing Market is About to Pop. How Does This Affect Crypto?The US Census Bureau recently published population numbers for cities across the US, and the numbers don't look too good: most large urban centers in the country have taken significant population losses in 2020-2021. Politicians and media pundits typically blame COVID and supply chain woes, though these trends were already happening even before the pandemic - the lockdown only accelerated what was already there. Los Angeles lost around 1% of its total population - which is already significant - but San Francisco and New York lost a staggering 6.7% and 6.9%, respectively. Most US urban centers have been struggling with a housing shortage crisis in the last few decades as housing costs, rents, and costs of living have been outpacing both inflation and wage growth exponentially since the financial crisis "recovery" in 2008. (This was around the time Bitcoin was invented, coincidentally.) In addition to rising crime, homelessness, and loss of quality of life, the well-paying jobs are also leaving the state citing high taxes and unfavorable business policies - giving people less reason to be there as well. The housing market is no different than other markets in that it operates on supply and demand. Housing advocates typically propose building more housing units (increase the supply) to bring costs down, but most cities have opted for the other "solution" - which is to bring costs down by decreasing the desirability of the city itself. (It's an unfortunate series of events, but it is what it is.) Nominal vs real pricing charts of US housing shows that listed prices are vastly inflated compared to its "real" value, which is contributing both to the bubble and the loss of quality in housing construction itself. San Francisco's Case-Shiller Index was chosen since it's objectively the most housing-inflated area right now, objectively speaking. The housing bubble is most likely to pop there, then cascade downwards onto other markets as people's faith in its growth starts to stagger. The reasons above (combined with the Fed's interest rate hikes this year) are why even Wall Street and big companies have taken an interest in crypto, NFTs, and metaverse assets lately, since they see it as a hedge against a weakened dollar and a recession (potentially a depression) looming in the horizon. At this point it's not a matter of "if", but "when". For crypto/metaverse investors, the thing to keep an eye on is the level of trust that the general public has in the banking system right now. When the housing bubble pops, it could potentially lead to a liquidity event of a magnitude never before seen, since technically there would be a lot cash sitting in people's hands, looking for places to invest. - The pessimistic outcome for crypto investors is the "money running scared" scenario - where panicked money runs back to the banks and other "conservative" investments assets (bonds, cash) that are seen to have less volatility overall. This may lead people to cash out and leave the crypto ecosystem altogether, causing a downturn in the asset class overall. Keep in mind, though, that housing, cash, and bonds have *traditionally* been seen as "reliable" investment choices, but in recent years those are the exact assets that have been inflating - which has lead many experts to question if they are functioning in the way it was originally intended overall. If that perception becomes shattered, a lot could change overnight. - The optimistic outcome for crypto investors is if the money that was intended for buying housing or other related assets becomes "free", potentially going into alternative assets, which includes crypto. Since a major housing bubble at this scale hasn't happened here there's not much data to show one way or another but we do know that the Evergrande crisis in China has had basically no (arguably inverse) effects on the crypto market as a whole. Panicked money may flow into crypto in ways never before if it's seen as a safe-haven against the turbulence of the housing market and the USD as a whole. Realistically, there will probably be a little bit of both going on, but being that the size of the US housing market is much bigger than the size of the crypto market cap, crypto needs much less of a % of money flowing inwards in order for it to grow. The housing market, on the other hand, has nowhere to go but down. Time will tell, but it would be advisable for people to be prudent about where to put their money this year, because a lot could happen very quickly as the United States faces its biggest financial crisis in decades in the near future.
FRED:SFXRSALong
by RyanTanaka