I charted the daily and this jumped out at me. Possible parabolic move coming for TSLA to 780 with a 30% pullback to 550?
It's reasonable considering that would take us to a 2.25 trillion market cap thereabouts which is still reasonable considering the likes of apple, msft, and others.
I see a nice bullish wedge pattern that we will range in until we top it for a new high on December 24th and hopefully break up out of the wedge to continue the parabolic move I charted previously. Merry Christmas Tesla Hodlers.
If you take a look at a monthly chart, to expect bitcoin to come back some 40-50% wouldn't be a surprise to many as it has given up as much as 80% of past bull rallies. It would be a great opportunity for the market makers to create themselves a whale of an opportunity. I would approach this market with caution and setting stops. Not financial advice.
I am of the opinion that Bitcoin is overbought and the crypto whales will bring us down to the level shown on chart. IF that level breaks, then I predict a possible final move to 56,000 with an instantaneous flash correction up 15% following arriving us at a consolidated price of about 72,000...
I am novice in charting. Please share your thoughts on this idea. NASDAQ:TSLA eventual short squeeze to $540 with a correction to the mean approximate $380/share. I hand drew these markers so these are approximate values but i think pretty close. These are the values i intend to play. Perhaps I will sell the majority of shares prior to $500 when there would...
