Currently watching this expanding megaphone pattern, should this break down, then a 20-30% drop would be on the table.
the recent drop in NVDA despite strong earnings signals cracks in the AI trade, concern over extending the depreciation of GPUs may also cause cracks as further financial investigation may find.
I am currently short QQQ, with some hedged long positions, but with a strong overall cash position.
should equities fall, then i expect crypto to follow suit, this would all equate to a tremendous buy opportunity in the next 6-12 months.
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For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.