Are we maximum FUD yet?
Baba has become sort of a meme at this point with it's never ending dips..
However It's important to ask yourself how likely is it that china completely sinks this company?
Are we really at such a risk that it should be traded at levels seen in 2019?
I personally feel comfortable nibbling at this point..
"Right now, Alibaba is trading...
Shares jumped almost 20% on news of two hydrogen fueling stations being created.. Yea you read that right, two glorified non-binding agreement fuel stations pumped a stock almost 20% (Market cap over 5B).. Don't fall for this crap.. insider share lock up ends April 30th.
I personally think this company isn't even close to the level of EA (Market cap of 37.53B) or Activsion/Blizzard (Market cap of 70.14B). It does have a little bit of a meme following so we could see surprise movements, although I doubt it.
BTC is in a very strange spot, there's a lot of indictors showing we're over due for a correction (RSI & MACD).. however the general news for BTC has been very bullish.
The way I see it sooner or later we're gonna be retesting the 62k area. However the charts don't lie, if we fall into a correction scenario it's important to have a plan.
News has never been better for BTC!
Between banks and hedge funds adding it to their portfolios, many digital payment services adding it, credit/debit cards planning to transact with it, companies adding it to their asset sheet, Kevin O'Leary & Elon Musk (+ other celebs) tweeting about it, and of course more stimulus money.
I'm guessing we'll see some major...