wordsforthewise

wordsforthewise Updated 

An unsustainable rally is just that. As numbers come out in the next 2 quarters, tsla may get demolished. Especially over the next few years. The fib levels look to be aligned with previous consolidation levels. I will be laughing my ass off if all the 'professional' analysts like adam jonas change their price targets down just as fast as up. It looks like...

wordsforthewise Updated 

Expecting a 0.5 fib retrace to 284 in the next week or two. These moves are going to get very fast due to gamma and delta at record levels and put/call skew at record levels (same thing basically). In other words, tons of retail baggies have been buying call options with stimulus checks, and the check is coming due.

wordsforthewise

same idea as with apple, 5-wave fib retracement pattern to the lows of march in next feb

wordsforthewise

random idea for a downward trend to $50 PT next Feb. Almost certainly wrong but we'll see. Would be max pain for retail since retail baggies are all in at this point, and leveraged too

wordsforthewise

Real numbers for tesla don't look good. Sales down in Europe in July (I think 1 or 2 of every 50 EVs sold in Europe in July was a tesla), revenue flat and maybe even declining, whistleblower lawsuits, strange A/R accounting and ZEV credits soon evaporating, and on and on. But tesla's price has charged ahead regardless based on the story. As some in the VC space...

wordsforthewise

We don't have a weekly reversal or trend exhaustion candle yet, but we do on the daily I think. The big bearish div here (RSI / price) and vol decreasing signal trouble ahead. Since AAPL is a large fraction of SPY and QQQ, when AAPL and TSLA reverse course for some sort of correction (seems imminent at this point) the whole market should reverse course as well. ...

wordsforthewise Updated 

I'd guess tezzler is nearing a reversal soon. A massive bearish div on the daily and weekly RSI. Stoch and MACD on daily don't have bearish divs. Candlestick patterns show no trend reversal or stopping signs yet. Could be a few more days before we get a candlestick signal that looks like a trend reversal. Then again, Elon will probably pull some other tricks...

wordsforthewise

Seen this one before, but the weekly QQQ chart has a nasty bearish divergence with RSI. I would expect a correction down near the 200-period MA line as before. Liquidity crisis 2.0. Not sure what will trigger it. Maybe just buyers running out of steam and money to borrow. Maybe some political thing. Who knows. My impression right now is a bunch of rich...

wordsforthewise

Bull flag with EW in a few timescales. Not sure if I'm properly following the EW rules yet.

wordsforthewise

Looking like BTC is retracing Fib levels, and I'd guess the next big support/battle will be at 8.6k. Breaking this support, I'd guess for price back down in the 7k's.

wordsforthewise

Not perfect, but looks like we could still be in a downward channel. I'd hope for one more correction down to around 7.2k, then a breakout of the longer-term bull flag.

wordsforthewise

Suggesting down 1.5% within another 6H

wordsforthewise

H+S on the daily seems to be playing out, I'd expect it to go down ~8% judging from the HS height, meaning we still have a bit to go down. Expecting a long-term bottom around 7k at the Fib retracement level.

wordsforthewise

Possible head-and-shoulders appearing in BTC daily bars; would expect it to take price down to around 7.1k. This should be the expected bottom in the longer-term from Fib retracement (61.8 retracement).

wordsforthewise

The idea is in the text caption.