I hope this thing won't go down too deep Bitcoin is cooling off too. But Riot had a great up trend , incredible. The question is really when bitcoin can go over 20K?
So I missed the boat by 1 day. But I did jump in on HCAC and Bitcoins. There are a lot of moving trend and timing similarities. For U it can drop back to those lines of supports after this FOMO, which would be more securer to buy the dip.
It could very likely to settle around 5.30 range before take off if bitcoin is going to take off.
If selloff continue, it can go to 11.80. An excellent area to buy. Or should we just watch?
Selling off / profit taking could drive NIO further down to 46/47. Which can be a cheap entry point. It will continue its uptrend afterward. Clearly less buying volumes now given its current expensive price. Robin accounts prefer 2/3 $ cheap speculative stuff. So probably not 100 by Xmas .
It looks Mara is out of steam to go to 10. It needs a cool off.
This is the current state of Riot, it is a Rocket ready to launch. Yesterday was to buy the low, now it is closed and ready for take off. Incredible...
For Riot and Mara, they might have a small retracement as a result of Bitcoin thanksgiving selloff, which might forming a W double-down consolidation this week. Hopefully for Riot, it would stop at 6.20 or 5.30 if so, otherwise it could be + - 4.70. Frankly speaking the bull is running out of steams, maybe I am wrong, this week we might see 8 but I doubt...
The chart shows obviously if we have patience, CCL is uptrend heading to 25 and 29. And the big volume is there. The question is when? But it has to overcome 22 line of resistance first, and if nothing goes wrong, with the world or the management, inshala it goes up and no sells because it is a risky business right now... So be patient. It could be next month...
I am holding Mara since 2. The sell off could stop at around 4.90. So be ready to reload. Afterword it could be heading to a new TOP before Xmas. Keep it for 2021.