SOS UPDATE 3/29/2021We are in a choppy market due to many Macro Global Economic Factors. The Cargo Ship Stuck in the canals causing the global economy Billions. Rising Bond Yields. And the ominous feeling of rising global inflation.
I am still holding LONG. If hyper-inflation becomes very real. My theory is that the any crypto business/fin tech business will survive and expand. Crypto Markets simply because fiat is becoming less valuable, and Bitcoin (Wealth) is becoming a hedge for many investors.
SOS trade ideas
Part 3 of the 1 hour chart and what im seeingWe see we have strong resistance at the $5.20 mark. Good to see we broke through the $6 with ease which is good. That $6.55 is showing strong resistance but if we break through it we should see $7 again.
Im not a professional and open to your thoughts and ideas.
Updated SOS quick analysis Yesterdays chat was exactly how i predicted lucky I took my full 100% profit at $7. I did buy in at $6 but we could be going down lower from this point, not because of the stock itself but the volatile market at the moment. I will be watching pre market closely before making any rash decisions. would like to end this week above $6.80 to give me some indication we are still safe.
I did put a stop sale on my chart but i might not use it only because I am ready with cash to buy dips if required.
I am not a professional just learning as I go and open to your opinion.
Bitcoin mining playMight break triangle pattern in the short term to the upside. Possible better entry point at around $7.50 but personally wouldn't wait for it.
One of the few listed Bitcoin miners that retaliate strongly against short attack and news releases
Has actual video evidence of Bitcoin mining facility
Undervalued at the current price compared to MARA and RIOT due to short sellers attack
Potentially going in crypto insurance space in future which could be huge.
Price target: $40
SOS clear H&SLooks to me SOS will gap down on Monday to finish head and shoulder.
I believe this will be last drop before taking off back to $9, where it most likly create C&H and shoot to 10.
Bitcoin weekend pullback supports this idea.
Note bitcoin is in pennant so most likely SOS will reach $9 by Wednesday and will follow BTC on the way down once more (C&H), if it holds $8 by then it will be nice.
Good luck !
SOS 3/22/2021Bit of a slow day in the markets today. + BTC down 5%
The trend still follows and we have yet to hear news on the 3rd set of mining rigs.
Oversold today (-10%) so expect there to be a bit of a rebound tomorrow if everything is perfect. I'm still holding long on this stock. We can't expect crazy things to happen within the next month but we sure as heck seeing an upside but look at this as an opportunity for an options swing trade.
SOS Crazy Gains AheadWith Morgan Stanley accepting bitcoin payments under certain requirements, bitcoin will see many green candles. With SOS being a sympathy play I see huge potential with this stock. Also the short float on this stock is very high, able resulting in a possible short squeeze. This stock is very volatile so be careful, but I see a huge upside.