Good deals, and may luck be on your side. Good day, dear readers. Today I suggest taking a look at the TruFi token. I'm not recommending buying it, but rather considering it from an investment perspective for the upcoming bull market. In brief, TruFi is a lending protocol (lend/borrow) linked to RWA (real-world asset tokenization). The system even has its own not...
NYSE:BAC The next target is 50 dollars. If you have any questions, feel free to contact me.
Nvidia has been jumping and pumping with the AI that has been thumping. Watch out though, it may get to dumping. With SVB having issues I see a lot of tech worries especially in the crypto and startup space, NVDA gets a big boon from these industries as their products are great for the AI space and crypto space. I think the pump was mostly due to hype that is...
TLDR: I think the price increase we are seeing is not inflation, the economy is going from bad to worse and the FED's actions don't make any sense. At the peak of the great inflation of the 70s in USA while both long and short term interest rates were going up together with inflation, so was the aggregate credit. In fact loans to businesses were growing...
Tesla has been rising high and is about to go even higher Friday 6/9 after GM announces use of Tesla charging stations. Beware this tidal wave will crash eventually but it will be a more subtle correction. We should expect Tesla to drop 2-10% in a single or multi day correction next week. After this correction Tesla should remain stable and continue its steady...
BINANCE:BTCUSDT In my opinion, Bitcoin is in an accumulation phase, and right now everything looks by the book. I'm waiting for trading volume to enter a long position. Note, there may be another drop to the golden area below. If the price reaches there, I will start accumulating as well. Be the smart money. Good luck, be careful and DYOR
So I felt like we had a good shot to go down, today was wild and we managed to regain a lot of the losses but stalled out and formed a head and shoulders pattern. I think buyers are out of gas and we may get a sell off to end the week. Measured move on the channel, Measured move on H&S all point to 4100-4110. This is near max pain 404-405 on a critical options...
So Max pain for 4/21 is 403 currently on SPY which tells me the street would be happy to see some downside in the coming days. Also looks like we rejected the upper trendline and are now testing the bottom of the channel. If we break it the measured move takes us to horizontal support. I am thinking we may have that sell off to close out the week. Good Luck :)...
So I have been watching the Investor day and this was basically the jist: 1) Tesla can lead the world in renewables and by 2050 Tesla will have a great market share of the renewable energy market. 2) AI is the future and so is electric cars, driving your car will be like the riding a horse... some day. 3) No new products coming anytime soon, no new vehicles...
Lets meme it up. Wojak was thinking he could ride Tesla back to all time highs, he saw it was up 100% in just 1 month. Wojak thinks he will double his money easily in the next few months, the bull market is just getting started he says. He thinks to himself, we broke out of the trend line on the SNP500 Covid is Over. The fed is going to pivot. Lets go...
I decided to try looking at the insider buys and sells recently to see if I can get an insight into what may happen in the coming months. I was specifically looking for CFO & COO buys and sells larger than 5% of their portfolio, I figure the CFO and COO have good insight into the company and if they are taking a sizable portion of their holdings it should...
Well here we are again. It was a lot of chop but we are right back up to the old price range of 405-410 leading into an FOMC meeting. Today we had some low volume and a wick on the daily chart. The low volume signals to me that the bears gave up the fight early and are giving the bulls some room to run; however, the wick shows me that bulls are not ready to test...
I feel we are about to experience a serious sell off. I am feeling this because of the divergences on the RSI and McLellan Oscillator. We are also stalling out at critical resistance. I am seeing a large inflow of dumb money which lines up with price corrections in the past. There is also the wallstreetbet sentiment that we must be going positive because an...
I think we may have our short term bottom in for Tesla. Today was terrible for the company and the price hit a new low. We managed to recover back to previous lows which makes me think there could be room for a rebound and we should not really go much lower, it feels like the support is strong. I have drawn a bullish path in green. This could form a bear flag...
I was just dawning and saw some patterns showing up, there are some possible catalysts if there is recessed earnings and a late fed pivot . There are also some people talking about budget concerns and debt ceiling. all over reddit people are saying the bull market is back on. I think it may be a trap. I am watching if we can confidently break above the red line...
TSLA has been absolutely destroyed over the past month breaking support structure much faster than I personally expected. I have a feeling we may be seeing the possibility of a dead cat bounce from this position. We are extremely oversold and the idea of shorting TSLA has become mainstream on the famous WallstreetBets. I think that we are a bit too sold off...
I believe BAT will continue to fall for at least the next 20 days. It still has about 20% to go until we hit the floor on Gemini. What do you think?
I drew this neon blue channel that I felt we were headed down last week. The fed meeting caused us to crash right through it as Powell really laid it on thick with the talk of rate hikes and future demand destruction. We broke the yellow support lines on that news, which to me is bearish since it forecasts that the market is willing to make another leg lower if...