So Tesla owns 1.5 billion usd worth of Bitcoin which is going parabolic. What do you think may happen to Tesla? Well just look at microstrategy MSTR which is a in a similar situation although too pricey for me to enter.
Tesla has more value here.
From a TA perspective we saw a failed breakout to the downside recently this normally means highs will be tested again. Good chance Tesla will burst through that and use the high as support for a move up to test $1000.
Stop loss at the swing low of the failed breakout.
Press the follow button above if you want updates to this trade an follow me on twitter ;)
Tesla has more value here.
From a TA perspective we saw a failed breakout to the downside recently this normally means highs will be tested again. Good chance Tesla will burst through that and use the high as support for a move up to test $1000.
Stop loss at the swing low of the failed breakout.
Press the follow button above if you want updates to this trade an follow me on twitter ;)
Trade closed manually:
The last 24 hrs has seen no buying volume at all come into TESLA so I don't want be in a party all on my own. I actually think we may now be seeing a diamond top formation which I will make a separate post about to go short again
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.
Telegram coming soon.
Telegram coming soon.