Multi-Timeframe Analysis of $TSLA — August 7th, 2022In this video we analyze Tesla ($TSLA) from various timeframes, utilizing technical analysis, chart patterns, indicators, and maco-economic discourse. By and large, I challenge the perma-bull thesis and give downside targets for the next 2 years that I see on the horizon.
ELON
Tesla to Reclaim $1000?This is an idea to trade and identify intraday levels off of. Volume has been present in the market. today price ran out of steam a bit after the open... overall good momentum to the upside on a strong parabolic rally. A small bearish turn here would not surprise me as one could argue that price is due for a correction while traders re load and take profits.
my 2 key levels are based on pretty apparent levels where money either flowed into or out of the market. they are in confluence with a 61.8% retracement from each respective swing low and swing high. if price fails below the neckline of our most recent parabolic rally, this will show me that buyers are not totally in control yet.
With most recent price action and volume and i am looking for price to break above that $950 level and rally into 1000 where i expect price to be met with bearish pressure.
Tesla showing signs of a possible bullish breakout
TSLA has been consolidating in a very slightly ascending wedge (possibly triangle) after a decent run up & is now currently looking at breaking out & heading for another rally towards a new high, possibly towards that 1k mark before losing steam
Watch for a successful close above the descending resistance for confirmation of successful breakout!
I've added 2 major areas of resistance to be aware of to consider profit taking
Will update as more data is available
*Symbol tags below*
Will be checking the crypto pairs for Tesla soon too ( BTC / USD / USDT / DOGE ) for further breakout signs
NASDAQ:TSLA
CAPITALCOM:TSLA
FTX:TSLAUSD
BITTREX:TSLAUSD
BITTREX:TSLABTC
FTX:TSLABTC
BITTREX:TSLAUSDT
FTX:TSLADOGE
COINBASE:BTCUSD BINANCE:BTCUSD INDEX:BTCUSD
BINANCE:DOGEUSDT
$TSLA Tesla Head & Shoulder c'mon Elon!$TSLA TELSA
I have been waiting so patiently for TESLA to meltdown and it just keeps showing strength and pulling through.
Elon fans are still strong while Elon is out frolicking on a boat shirtless with skin that hasn't seen sunlight since the pandemic looking for baby mama number 5.
As you can see above, TESLA has formed a head & shoulder pattern on the larger time frames, the monthly shows it best.
Head and shoulder criteria:
1. Buying volume is diminishing and showed most strength on the left shoulder.
2. The head is much higher then the left shoulder.
3. The neckline fits the description of a proper head and shoulder pattern.
4. We are beginning to form the right shoulder currently as Tesla broke out of the pennant to the upside after printing solid earnings and sharing its sale of BITCOIN.
Tesla hasn't even shown signs that it is breaking down yet, it hasn't capitulated or showed strong signs of weakness in this bear market.
I will be waiting patiently like a snake in the grass for my buying target near the Gap (red bar).
TESLA sold $936 million dollars worth of BTC, End of the rally?NASDAQ:TSLA reportedly sold $936 million dollars, 75% of their BINANCE:BTCUSDT Position.
What does this mean for the Crypto market...
It's still too early to tell if this news will be the catalyst that sends BTC back down, however here are some key levels to watch.
BTC has taken support after rejecting from a strong supply level on the daily timeframe which was found back in December of 2020. BTC has returned to our recent supply level which is now acting as demand.
This level at 22,550 is very important in the fact that it has market a change of character or trend for the previous impulses. Candles opening below this level is quite bearish.
Now it is still very likely we rise from here, BTC still looks healthy sitting above this demand zone, I'm just analyzing the downside after the recent news.
A break through the resistance at 24,300 would indicate a continuation of this rally and I'm still bullish as long as we stay above the levels I previously stated.
Tesla - Earnings in two days! What will happen with priceEvent:
On Wednesday we have earnings report from TSLA. Since it's one of the biggest companies on the stock market and it's market cap is 1/3 of all cryptocurrency market, it will be interesting to see what news will bring us
Technical analysis
From technical Point of View we are trading in a range, shown on the chart with bold lines. On top we have local trendline that keeps the price bearish and will act as additional resistance.
What are the expectations?
As we seen global wellfare downturn and China's lockdown which made TSLA factories pause it's production, it's fair to say that expectations are quite low.
If earnings will be good we will squeeze to the trendline and break throught it, likely with a follow up of breaking out of the range.
What will happen?
If earnings report will be worse than expected, price will plumet and either
1. We see trendline false breakout and then squeeze to the bottom of the range
2. We see squeeze to the bottom of the range straight away.
⭐️DOGEUSDT⭐️SHIBUSDT⭐️ELONUSDTDogecoin is a cryptocurrency that was created on December 6th, 2013 based on the popular "Doge" Internet meme and features a Shiba Inu on its logo.
The codebase of the project was a fork of Litecoin, in which most of the same features such hash hashing algorithm were inherited, with the only difference of branding and large inflationary supply.
Introduced as a "joke currency", Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.
Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.
The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.
Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.000084, that is a 150,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
Dogelon Mars price today is $0.000000330159 with a 24-hour trading volume of $4,469,825. ELON price is up 5.6% in the last 24 hours. It has a circulating supply of 550 Trillion ELON coins and a total supply of 1 Quadrillion. If you are looking to buy or sell Dogelon Mars, Digifinex is currently the most active exchange.
Trading Idea - #TwitterMy trading idea for Twitter - sell/short
Target: 33.00 USD
Stop: 47.50 USD
RRR (Risk/Reward Ratio) is 1 due to high volatility!
It looks like Twitter has become dependent on Elon Musk. The billionaire Tesla CEO recently made a 44 billion offer to buy Twitter. From a shareholder's perspective, that's a tempting offer considering Twitter has only made a profit in 2 of the last 10 years.
The business has stalled or is even at risk. In a company report, Twitter wrote that only less than 5% of its users are fake accounts. Musk wants proof of these claims and has put the deal on hold for now, but continues to express interest in the acquisition.
The technology sector has fallen a lot lately, and the sell-off doesn't seem to be over yet. I guess Musk is planning this move on intention to be able to buy the shares cheaper later on.
If Elon Musk decides to cancel the offer entirely, he will have to pay a sum of 1 billion US dollars.
🚀DOGE: is it the end of the meme coin and meme Lord?Musk is reportedly accused of being part of a "pyramid scheme" related to Dogecoin. He faces a fine of $258B and a ban on DOGE promotion. Hope that everything will be fine to both coin and Elon.
About a month ago❗️, i published the idea about the same strange relationship between Elon and DOGE. Check it out😉
But we traders have to be ready for anything. Now a lot of traders are "locked" in Doge after the accumulation in the $0.8-0.88 value area. They become the fuel for dump and some of them have already been liquidated.
I expect the false breakout of the $0,064-0,066 value area return to the trendline and after some squeeze above it break it down. Preconditions for it we can check at the volume indicator. Some big players sell doge at the rebounce after dump. If at the false breakout the volumes will grow it will be the best confirmation for us to open a short trade according to this scenario.
Targets: return at least to $0,5-0,55 value area. The next targets we can difine when this movement begin depends on BTC mood.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
$CLSK cleaning mining 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team purchased shares of digital mining bitcoin company CleanSpark $CLSK today at $5.35 per share. Our take profit is set at $9
Hello guys! This week a new crypto bill has been the main topic of focus inside of the crypto world. NY has also passed a crypto bill which will ban crypto mining via fossil fuels. $CLSK is way ahead of other bitcoin miners and has been building grids which will allow crypto to be mined without using fossil fuels.
Our entry: $5.35
Target: $9.00
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$ELONGDWETHYou can trade Elongate Deluxe on Uniswap (v2). Popular trading pairs for Elongate Deluxe in the market includes ELONGD/USD, ELONGD/CAD, ELONGD/EUR, ELONGD/PHP, ELONGD/INR, and ELONGD/IDR.
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Dogelon Mars (ELON) formed bullish Butterfly for upto 252% rallyHi dear friends, hope you are well and welcome to the new trade setup of Dogelon Mars (ELON) token.
On a weekly time frame, ELON has formed a huge bullish butterfly pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
$BABYDOGEUSDT Sky High!Where can Baby Doge Coin be traded?
You can trade Baby Doge Coin on OKX, BKEX, and OKX. Popular trading pairs for Baby Doge Coin in the market includes BABYDOGE/USD, BABYDOGE/CAD, BABYDOGE/EUR, BABYDOGE/PHP, BABYDOGE/INR, and BABYDOGE/IDR.
Baby Doge Coin is a meme cryptocurrency designed to be deflationary and more scarce over time. All holders of Baby Doge will earn more baby doge that is automatically sent to your wallet by simply holding Baby Doge coins in your wallet. Watch the amount of baby doge grow in your wallet as baby doge coin holders automatically receive a 5% fee from every on chain transaction that happens on the Baby Doge ecosystem. The community receives more baby doge coins from the fees generated each transaction.
$TSLA Long term PT 1,700 and higher Timeline: Feb 2023Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
$BTC support #2 retest? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney