Rigetti Computing, Inc. to print a 70% market crash ??

Dec 11, 2024

** short trade - weeks ahead **

On the above 2 day chart price action has rocketed up 800% in the last 60 days. Now is a good moment to be “short”, why?

1) Price action meets flag forecast.

2) The forecast area is also monthly resistance.

3) Price action is multiple sigmas from the Bollinger Band Mean. Do not forget, 95% of all price action trades around the mean.

4) First support is around $2.35

5) Everyone else on tradingview is long. WW is a contrarian, that means he opposes popular opinion.

RRGTI/SKYLP

Is it possible price action continues going vertical? Sure.
Is it probable? No

Ww

Type: Short trade
Timeframe for short entry: 48 hours
Risk: You decide
Return: 70%

Dec 12, 2024

Trade active

Down -19% so far....

Dec 17, 2024

Note

up 40% since publishing, possible short squeeze. Price action on monthly is now at resistance and outside Bollinger Band on monthly, not something you often see.

Dec 19, 2024

Note

up 40% one day down the same the next!

** Trade very active **

Dec 30, 2024

Note

Full exit now recommended.

Jan 3

Trade closed: stop reached

Full on melt up.

Jan 3

Note

Exercise caution during a melt up, only use for exiting positions.

On the Bollinger Band weekly chart below price action 3 standard deviations away from the mean, well outside the band.

Jan 8

Note

Wallop.