My observation, when Price falls through 1W 12ma (pink ma), it's extremely likely Price will hit 50ma (blue ma) or get within 2% of it.
I went short 1/26/21. Might've nailed shorting the ATH, but it's very possible we bounce off 1W 12ma and make a slightly ATH and then dump hard just we've done in 2018/2019. I'm not closing until I see some fear, might even just skip the 1st buy target. I have to think about it. This could all take 1-2 months. But with so many peoples eyes on the news and on stocks becasue of GME, ATC, TSLA... and so many new traders, so much euphoria in the market, this seems like the top. Just like bitcoin in 2017. The general population is always too late. If we're going down hard in 2021 for whatever reason (there's always something to blame) this is a solid game plan that's hard to mess up. I haven't decided how much to buy and how much short to cover at each target but I'll do the math later.
Buy Targets:
1) 3D 50ma = ~3500 blue horizontal 9% Drop
2a) 3D 100ma = 3300 bright green 14% Drop
2b) 1W 100ma = 3200 dark green 18% Drop (Nearly guaranteed a solid bounce here)
3) 1W 200ma = 2900 Unless things go fucking crazy, this should be the last one. Orange line 24% Drop 2-3x leveraged Tech ETF like QLD or TQQQ.
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4) 2200 - 2400 area would scare the shit out of a lot of people, but I would go all in here, 2-3x leveraged Tech ETF like QLD or TQQQ.
Likely won't get here.
I went short 1/26/21. Might've nailed shorting the ATH, but it's very possible we bounce off 1W 12ma and make a slightly ATH and then dump hard just we've done in 2018/2019. I'm not closing until I see some fear, might even just skip the 1st buy target. I have to think about it. This could all take 1-2 months. But with so many peoples eyes on the news and on stocks becasue of GME, ATC, TSLA... and so many new traders, so much euphoria in the market, this seems like the top. Just like bitcoin in 2017. The general population is always too late. If we're going down hard in 2021 for whatever reason (there's always something to blame) this is a solid game plan that's hard to mess up. I haven't decided how much to buy and how much short to cover at each target but I'll do the math later.
Buy Targets:
1) 3D 50ma = ~3500 blue horizontal 9% Drop
2a) 3D 100ma = 3300 bright green 14% Drop
2b) 1W 100ma = 3200 dark green 18% Drop (Nearly guaranteed a solid bounce here)
3) 1W 200ma = 2900 Unless things go fucking crazy, this should be the last one. Orange line 24% Drop 2-3x leveraged Tech ETF like QLD or TQQQ.
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4) 2200 - 2400 area would scare the shit out of a lot of people, but I would go all in here, 2-3x leveraged Tech ETF like QLD or TQQQ.
Likely won't get here.