It seems like we will crash on the evening sunday to monday. Also, if this prediction ends up being true, I'm calling shenanigans. Edit: And also, shorting from saturday into sunday is a pretty risk free bet as well.
It starts out high from friday and then just collapses into sunday.
People don't care about made up money on the internet when the real world is falling apart.
No strategy, just an observation that I found interesting. They have been extremely synced lately, since May 2021 to be specific. P.S This charts measures percentual gain since 17/8/17.
The market priced it as dead, looks like it's having 2nd thoughts. Expect big jump when short-sellers calls it quits.
This is a stock and company that might pull off a reversal. Analyst price target; 3.43 (100.58%)
The CPI numbers adding a lot of pressure during the re-test. If 6 USD holds the earlier idea is still valid.
Possible reversal in progress. By the looks of it 6 is the resistance and 5 is the support.
High insider buying lately, currently "39.51% of Shares Held by All Insider". If the management team is willing to bet a few 100k on their company in these market conditions, I am willing to bet a few thousand.
Might be turning back up. Not necessarily a full on reversal, but turning back to the upside.
The news from the Fed could either have broken my earlier idea and the green scenario is what's going to play out. Or we continue with the red path.
Is this the top? Nobody knows Will this implode? Yes
Shiba Inu's parabolic rise is another indicator that supports this idea. Memecoins like Shib and Doge might be indicators of the market overheating.
Non technical indicators that might support this idea; - ETH gas prices continues to be unreasonably high and ETH 2.0 won't be rolled out until 2022 - Shiba Inu might be a sign of the market overheating (We all remember what happened the last time a memecoin entered the top 10...right?)
Crypto needs new money to get past this roof. (New investors)
I might be overestimating the importance of yesterdays trading session but I think this symmetrical triangle signals an important reversal. The way I see it, yesterday the market made up it's mind for Tesla and now there was a reversal in the 4 month long uptrend.
I see two possible outcomes with two vastly different futures for the stock.
The pump is losing power. My guess would be it drops within the next few days. Might see another attempt at breaking 50k.