What we're seeing is a formation of something called a bear trap. It's a bullish sign for reversal. Previously, we're thinking it's a bubble. But apparently, the market tells us otherwise. We'll consider this as a monster stock when it breaches at the all time high of 29.20 with strength. However, we need to monitor any signs of weakness. For example, a...
Tesla is now forming an H&S shoulder pattern. It is also breaking below MA200. It also needs to be highlighted that they only reached their profit target last quarter only due to Bitcoin. It was mentioned that Bitcoin income provided 20% of the profit target. Now that BITSTAMP:BTCUSD is bearish. We expect that it will have an effect on Tesla
Bitcoin just had a flush down. Its price reached as low as 50% of its valuation. But then, there was hope. Some big whale bought starting from 30K USD. Then, yesterday, market bounced up. Indeed, bounce is actually something expected if we really had that strong market crash. But what happens after the bounce? That's the more interesting question for...
Any thoughts? I am leaning towards B Odds: C = 1 B = 4 A = 1
We are breaking out of 4250 (3.618 Fib Retracement) Based on past history, we are entering a bubble similar to 2013. I am expecting a more parabolic movement soon.
0.618 fib retracement is a confirmed good support. Bounced off around three times. We should go back to 0.01 soon. But, I will be cautious if we stay or go below this level.