Trading in the era everyone buy tickets to the Moon..!
“Insanity is doing the same thing over and over and expecting different results.” (Albert Einstein)
The importance of Price Pattern Recognition
I do not care if Ark invest buys HOOD and keeps buying more and more!
As you see Hood is 82% lower than its ATH..! A clear downtrend that could go lower. options data in the next 3 months indicate it could go down to 10 or even lower in the next 3 months!
why?
Because it does not profitable and will not be in near future!
Similarities between RIVN and HOOD
-38% in one month
Rivian price pattern is a replica of the HOOD price pattern and so far you see it went down 58% from its ATH and it could go down to 35(-80% from ATH)
On December 9th, I published my analysis about this similarity and it went down 38% since then!
This clearly shows you can do accurate analysis without having lots of data!
I have done an analysis about the price pattern COIN before it became tradeable..!
How?
Reviewing the chart of more than 900 IPOs and opening days in the past 3 years will give you a clue that in 80% of the cases price will go down more than 80% in the next few months after the IPO or the opening date! Some went down more than 95%..!
Amazing story of Madness:
A few days ago, one of my friends shared a link about a reality show star selling her farts in the mason jar for 1000 USD/Jar. It seems she had made 200K so far(in a couple of weeks) and she is ready to release the NFT version as well..!
I remembered the famous Einstein's quote:
“Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.”
You may think this story is irrelevant, but looking at the new investor's behavior in the market, you see it happens on a very larger scale every day, hour, minute..!
YouTube, Twitter, Reddit, and ... etc are full of people that invite you to Moon and Mars, and they usually sugar coat their titles by launching rockets..! and they have hundreds of thousands of followers!
I have a piece of very good news for them and their followers, 2022 will not be 2021, 2020..!
2022 will be the year that the tide goes out and you discover who's been swimming naked in the past 2 years!
6 day has been passed and major indexes closed lower 5 out of 6 and 250 trading days are left..! Most Mooners have already felt the punch of Mr.Market..!
I have a very sincere recommendation to all traders:
Watch one of the greatest movies of all time "12 Angry Men" (1957) IMDB score:9..!
This movie will help you make better decisions in your life and your trading!
I do not want to spoil it..!
Best,
Moshkelgosha
The importance of Price Pattern Recognition
I do not care if Ark invest buys HOOD and keeps buying more and more!
As you see Hood is 82% lower than its ATH..! A clear downtrend that could go lower. options data in the next 3 months indicate it could go down to 10 or even lower in the next 3 months!
why?
Because it does not profitable and will not be in near future!
Similarities between RIVN and HOOD
-38% in one month
Rivian price pattern is a replica of the HOOD price pattern and so far you see it went down 58% from its ATH and it could go down to 35(-80% from ATH)
On December 9th, I published my analysis about this similarity and it went down 38% since then!
This clearly shows you can do accurate analysis without having lots of data!
I have done an analysis about the price pattern COIN before it became tradeable..!
How?
Reviewing the chart of more than 900 IPOs and opening days in the past 3 years will give you a clue that in 80% of the cases price will go down more than 80% in the next few months after the IPO or the opening date! Some went down more than 95%..!
Amazing story of Madness:
A few days ago, one of my friends shared a link about a reality show star selling her farts in the mason jar for 1000 USD/Jar. It seems she had made 200K so far(in a couple of weeks) and she is ready to release the NFT version as well..!
I remembered the famous Einstein's quote:
“Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.”
You may think this story is irrelevant, but looking at the new investor's behavior in the market, you see it happens on a very larger scale every day, hour, minute..!
YouTube, Twitter, Reddit, and ... etc are full of people that invite you to Moon and Mars, and they usually sugar coat their titles by launching rockets..! and they have hundreds of thousands of followers!
I have a piece of very good news for them and their followers, 2022 will not be 2021, 2020..!
2022 will be the year that the tide goes out and you discover who's been swimming naked in the past 2 years!
6 day has been passed and major indexes closed lower 5 out of 6 and 250 trading days are left..! Most Mooners have already felt the punch of Mr.Market..!
I have a very sincere recommendation to all traders:
Watch one of the greatest movies of all time "12 Angry Men" (1957) IMDB score:9..!
This movie will help you make better decisions in your life and your trading!
I do not want to spoil it..!
Best,
Moshkelgosha