TradingView
Acel
Apr 7, 2018 11:06 PM

NVIDIA - "Bitcoin is a bubble" Short

NASDAQ:NVDA1D
NVIDIA CorporationNASDAQ

Description

⋅
I dont think there is something to add on a chart like this. Best case scenario its gonna have an irregular ABC.

Farewell greens.

Comment

⋅

Comment

⋅

Comment

⋅
Chances for a small bounce in the short term.

Comment

⋅
Should have expected an extended flat here since its pretty common after an extended 5th. At least there is a better R:R setup now.

Trade closed: stop reached

⋅
Elliott WaveFibonacciOscillatorsnvidiawaveanalisis
Comments
hrmcardle
⋅
You really think NVDA goes to 100? Good idea at the top, I agree, but no way in hell this thing goes back to 100 just because Elliot wave says it should. NVDA is a monster, has been upgraded multiple times and a leader in it's industry.
Acel
⋅
@hrmcardle, its not going to 100 with current data, unless the correction is extended ( more sideways with no new ATH), but i will retest those low 200s levels again, i believe.
Dex4Sure
⋅
Someone has no clue about NVDA haha. AMD is definitely tied a lot to cryptocurrency mining, but NVIDIA not really... It doesn't play any meaningful role in their earnings, especially in the long term. Growth in datacenter easily patches up whatever crypto revenue drop there might be.
Acel
⋅
@Dex4Sure, how is that related with the idea exactly?
TradingStatistics
⋅
Nice setup
Acel
⋅
@TradingStatistics, thank you! Sorry, i just saw the comment. :)
Giovi6969
⋅
Should we talk about Amazon stock situation sir? lol.
Acel
⋅
@Giorgioversace, i didnt bother to check the internal waves on AMZN but it should see some retracement here also.
Giovi6969
⋅
@Acel,
it created a raising parabolic bubble pattern start since a few years
Acel
⋅
@Giorgioversace, its "natural" after a very deep retracement on the second wave.
More