I was bearish on NVDA through earnings because of a couple signals I was monitoring.
1) large head and shoulders (or double top) formed on hourly.
2) Smaller head and shoulder on the 15m played through to the 162% just before earnings.
3) I charted my reasons for being short NVDA. Bitcoin dropped from 48k to 20k since Jan. Less Miners = Less Demand for Video Cards. Higher Dollar = Lower Bottomline
Let me put on my tinfoil hat for a second and tell you what I think about Bitcoin short term outlook.
My thoughts for September can be found here.
In short... I'm leaning to the downslide.
Not Financial Advice. I'm just a punny guy.
1) large head and shoulders (or double top) formed on hourly.
2) Smaller head and shoulder on the 15m played through to the 162% just before earnings.
3) I charted my reasons for being short NVDA. Bitcoin dropped from 48k to 20k since Jan. Less Miners = Less Demand for Video Cards. Higher Dollar = Lower Bottomline
Let me put on my tinfoil hat for a second and tell you what I think about Bitcoin short term outlook.
My thoughts for September can be found here.
In short... I'm leaning to the downslide.
Not Financial Advice. I'm just a punny guy.
