Tracing a classic accumulation pattern, but would need catalyst and volume to break out of selling pressure.
Look at >40 RSI indicator over the last 20 years. Look at our current macro environment. This is all expectation and no substance. The CPI basket isn't going to move, only yacht prices and select real property markets. Bull run continues.
Just one way it may play out, if it follows a classic Wyckoff accumulation phase. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀
Temporary failure to launch. Landing pad approaching on either of the lines below, today marks a great entry if you're not aboard. I like a large opening position here at the 66-70 range. Save dry powder for a potential 58 blip or below to lower triangle and/or 200-smma. Lock and load!
Short term power failure on E beat because your bags are too heavy. Upgraded to bigger rocket. 💎🤲 = 🚀🌙
1. Estimating if this were a 6-7 bln market cap company 6 months out. 2. Estimating if this were a ~10 bln market cap company 1 year out. Not entirely impossible.
Still long this into 2022, but better pickups almost certainly possible, purely behavioral trade at this point. What goes up unexpectedly must come down catastrophically. Have spare ammunition to add and to play another day.
Ramp back up into earnings 2/24? Q4 '20 should be a blowout quarter, but better than expected? The trend seems likely, but what about after? Long floor because of more confidence in t+0 trading platform and blockchain, or sell the news event? Or some combination of both? Disclosure: I've been holding longs since 2019-2020.
I'm retarded don't listen to me. I like this stock. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 . . . 🌕 💎🙌
Two short term trend lines pointing to a post-earnings / crypto-frenzy run. Will we see a new ATH?
likely bottom @ 1.78, great entry and adding point here.
Hugging lower channel towards 6k (range before Nov/Dec 2017 fomo-hype). Likely to go lower before higher.
would watch the channel for a better entry on a long
Relatively safe bet going into main net launch, at least 35% upside as it will likely break near term high as well as all time high -- going into mainnet launch on 1/24, followed by annual summit.
$17k resistance is critical, may fall out back and breach $10k resistance before further settling.