Following a massive 2200% rally and multiple overbought conditions (green columns), the above 10-day chart is now indicating a ‘great sell’ opportunity.
Why now?
1) On the above 10-day chart RSI breaks through support. (highlighted in blue).
2) The 2-month chart (below) printed a new candle with the close of February. A gravestone DOJI candle was printed following the oversold condition. This is a strong indication a trend reversal is very probable in the months ahead.
When to sell?
Price action on the daily is considerably oversold, a bounce back to the $850 region would be unsurprising.
1st target $507
2nd target $190
Why now?
1) On the above 10-day chart RSI breaks through support. (highlighted in blue).
2) The 2-month chart (below) printed a new candle with the close of February. A gravestone DOJI candle was printed following the oversold condition. This is a strong indication a trend reversal is very probable in the months ahead.
When to sell?
Price action on the daily is considerably oversold, a bounce back to the $850 region would be unsurprising.
1st target $507
2nd target $190
Trade active:
Spinning top 3-month candle printed recently with confirmation undetermined from previous quarter. Neither buyers or sellers want to make a move. Does either have an edge?
Yes, the bears. Why? Price action is up 30,000% in 10 years.
Good moment to take a PUT.
Yes, the bears. Why? Price action is up 30,000% in 10 years.
Good moment to take a PUT.
Trade closed: stop reached:
The bearish structure is broken, can't ignore that.
Price action now targeting $1400.
Price action now targeting $1400.
Comment:
Making steady progress to above target. Look for short opportunities once at $1362
Trade active:
A 'incredible sell' signal prints on the 2-day chart after price action reaches the above target.
Is it possible price action moves higher? Sure.
Is it probable? No.
Is it possible price action moves higher? Sure.
Is it probable? No.
Trade active:
This ‘short’ idea on Tesla was posted around $700 (today that would be $230 if the share split never occurred in August). Price action now down around 60% since the idea was published.
A strong bounce will be probable @ $80
A strong bounce will be probable @ $80
Comment:
Seems probable the bear market rally continues until the past upward channel support is tested as resistance. Once confirmed the downtrend shall continue. Currently down around 50% since publication.
Comment:
** 25-30% correction is now highly probable **
Comment:
there goes the first -10%...
BTC
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR