This INDEX:BTCUSD Bitcoin ETF is over-speculated at this time and heading toward resistance at the M top highs of 2021. Interesting that smaller funds have been dumping recently. Best to wait for a correction if this is something you are interested in for long term.
First, this stock is a total disaster for every retail holder, including myself. Secondly, this stock is unpredictable since as it seems to my eyes VCs control the game and can do whatever they want... burn it to 0, sell it for $5,$10,$20 etc... or raise capital and dilute. Here are some points to consider though:
1. Descending Broadening Wedge Pattern target...
Sam is gone, forced liquidated and hood made the right shoulder?
Don't think this stock is going to survive on its own, nor if their is going to be a buyout that is going to be higher than $20
Not investment advice, do your own due research.
Look First / Then Leap
Just speculating...
Honestly, BCH is about to see a "jump" so to speak. Following this "jump", it'll crash but if you look at the long term support line which is the long blue line I laid out, you can see why the red line makes sense. I mean to me, it's kind of obvious but this is simply speculation. don't take my word for it, it's just a feeling.
KLAC weekly chart view shows the extreme Angle of Ascent™ on speculation at a new all time high. Professional Traders are likely to start taking profits due to the technical resistance level.
The Confections Industry has had an unusually strong year thus far, with some companies’ stock in speculation mode. HSY shifted briefly to a sideways pattern after a gap. It is now back in speculation mode.
