We have many strong bearish signals developing on the Tesla (TSLA) weekly chart.
The SPX and NDX also bearish.
Bitcoin (BTC) also bearish...
The previous chart (March 15) is available in the 'Related Trade Ideas' below.
Namaste.
- We have a peak Nov. 2021.
- This is followed by lower highs with last week closing with a strong bearish candle.
- The RSI is trending lower but still strong.
- We have a falling gap which is bearish...
The SPX and NDX also bearish.
Bitcoin (BTC) also bearish...
The previous chart (March 15) is available in the 'Related Trade Ideas' below.
Namaste.
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The Elon Musk Twitter/Facebook Play Explained!
People are wondering what is happening with Mr. Musk and his "take over play"...
Please, allow me to explain.
What naturally follows the acquisition of Money is the desire for Power.
Even though Tesla (TSLA) has brought tons and tons of money to Mr. Musk there is no power there other than that which the money can bring.
How can you have power?
We know that a market crash is approaching and Mr. Musk likely know this for sure... TSLA will definitely crash with the rest of the market.
As the economy changes...
As the world shift...
As the crash happens...
The most important tool out there is going to be communication.
What people use the most to communite is Social Media.
What can bring you tons and tons of power is having control over the minds of people or the way they share information/communicate.
Tesla (TSLA) is also near its All-Time-High and ready to crash.
Mr. Musk, now being the richest man in the world, isn't likely to the one left holding the back... So he is surely looking for ways to diversify, ways to sell.
For the Tesla investors, those complaining and whinning about Musk's decisions and telling what he should you...
You are better off reading the signals and start to make your own moves.
"Elon is Tesla; Tesla is Elon" they say...
So if he is preparing to sell to fund his take overbid, you should consider doing the same.
He is not going to be left holding the bag, what about you?
Sell Tesla (TSLA) and buy BITCOIN!...
This is not financial advice of course.
Namaste.