Publishing this chart to add detail to previous tech bubble 2.0 ideas I've shared over the past couple of years. If the HTF diagonal resistance is finally broken through, it should open the opportunity for an acceleration in the pace of price appreciation in the market which should culminate into a blow-off top.
This was a requested chart. Everything you need to know is on the chart, thus I will not explain anything else here, but TV is making me type some shit out so this is just me typing some shit out so I can publish the idea. You're welcome.
In Tech Bubble 2.0, anything is possible.
On a serious note though - assuming interest rates stay low, money continues to be printed, etc. and the threat of the delta variant(s) continue to rise around the globe, ZM probably has one last leg up left in it before people realize how in the F did we give a video chat / conference call service a $300B Mcap Valuation
I think ETH will lag to begin w/ when BTC breaks out of this range.
Current structure just looks too toppy.
I'll wait to ape in until a break above ~ .07.
(yes obviously USD price will still go up so don't freak out)
Also I still think ETH/BTC will make a higher high before the end of the bull run.
Haven't shared a chart for this since June, but it's finally time.
- Biden presidency = continued demand for masks for the foreseeable future
- Premiums are still surprisingly cheap
- Only $250MM market cap, so a move to $100 isn't crazy at all (would barely put it over $1B)
- Clear trend break
- Makes vertical moves out of accumulation