There are several possibilities here. Including a dip down to a lower upward trend line that has been touched momentarily before, and then a resumption up. There will likely be buyers again down here, and probably the same buyers who are selling the swing.
GBTC is testing a resistance level here. Will we see a FOMO push up to $42? Still plenty of people buying in low and selling high in the near-term. Long term bullish but had you sold at last high, bought at last low, you would have had yourself an extra 1,000 shares. Trade safely!
I don't hold UGA but track it as a bellwether on the overall economy. Up 42% since Nov it has seen strong gains since Nov.
BLOK is a peanut-butter spread of an ETF with money spread out amongst a group of companies focused on eCommerce. The name would imply 'blockchain' focus but it is not - there is some Amazon and Baidu in there. It has been a solid gainer for some time and has been reasonably resistant to severe fluctuation. But who knows. I keep ETFs like this around to get ideas...
BTC broke strong today taking many of the crypto-youtube-fanboys by surprise.Will Bitcoin continue to impress? Or are we going to fail to break the near-term resistance and then resume the downward trend? Or will we re-test on the upward trend line and head back up? Stay tuned!
It will be interesting to see what pattern is created here. The last time we started this pattern (sell-off), ARKG (and frankly the rest of the market) sagged lower before touching the lower trend line and then from there moved higher. If we move lower then I will be re-buying the shares I sold higher up.
Higher lows, but hitting resistance at the upward trend line.
Precision Biosciences (and Crispr as well) both recovered into an area of resistance - but have not yet proved they are back on track. I am long on both and if we strike further down will be accumulating. FWIW, I am looking at both being very strong in the spring - but at this point there is high risk.
From what I can tell, we have some more downward pressure until we begin our big leg up. Watching to determine another entry on Bitcoin. Almost time to lean in.
I had a stop set that never hit after my last posts. This morning we're going to pull back past my stop, so I removed it before market opens. Still plenty buyers to bring the stock back up after the dip to consider my exit point.
I let go of a 1/3 of my holding here as ARKG has at least in the near-term broken below its upward channel. I will move back in later when we resume.
Note that there may be a way of reducing the number of comments (either show none, or only show following)... And this is a very obvious idea that I know a few of you have already started doing... But there are times where I don't want to see what other people think. I just want to chart on my own in a more 'quiet' setting. I use Tesla 1h interval shown here is...
OK so Jim Cramer thank you - though we still have a ways to go to build trust. :-) My mom's happy however that I told her about PLUG before Jim plugged it. Anyways, we continue moving up and my stop as well I've reset to 63. This is a highly speculative play at this point, and the stock is due for some reality.
A decidedly down move has touched both a horizontal area of support and a lower upward trend line that I've drawn out. For now it appears that we will break downwards into a broadening formation. TBD.
Not anything spectacular here. I've updated my BTC chart focused on this area of support and resistance. Looking for BTC to consolidate in this narrow channel for now. So much noise around Bitcoin right now. So many other coins to invest in. Of course, all investing has risk. Chart accordingly.
Overlaying BTC (orange) with GBTC and at the moment we are seeing a tepid response to BTC positive action. I'm assuming that there is some 'sentiment' affecting BTC and GBTC right now given all the negative press. I've drawn out a consolidation triangle to the right for a few days. So far that is holding true.
I've learned the hard way that when Jim Cramer calls a stock, watch out! I am setting a tight stop right below the current channel. What you do with your stock and Jim Cramer's advice is your own business obviously.
Time to update my Ethereum chart. Are we forming a new upward channel and levels of support and resistance? 'Risk comes from not knowing what you're doing.' - Warren Buffett. Luckily Warren also said, 'You only have to do a very few things right in your life so long as you don't do too many things wrong.''