Reddit could be due a major pullback, it has been printing a large bearish divergence for months now, stuggling to make higher highs with a weakness in momentum apparent.
If wider market correct in Jan, plausible that profit taking could bring this down to the .618 fib retracement level, which would see the fair value gap from Oct filled.
AMD currently sitting at key historic support providing a good entry, 48% off of highs, a good short term bounce in the next few weeks should be accompanies by a much larger trend reversal as the fundamentals of the comapany don't seem to warrant its current valuations.
A good TP at Fib 618 and recent high at $220. Beware double top.
Tesla is approaching multiple levels of historical support, it seems oversold on the RSI - I can definitely see it making a move similar to what I have posted.
It's been a difficult time being a Mara/BTC miner holder the past few weeks, as BTC has hit ATH's and the miners have counterintuitively been crashing and burning..
No one was expecting the BTC ETF to have the demand that it did, there just isn't enough BTC out there, post halving this will get even tighter. Historically, once previous cycle ATH's have been...
Broke out nicely from of the falling wedge, has had a good recovery, likely retracement due to bearish divergence followed by next leg up. Buy at 18.50
We are in for a rollercoaster, rampant inflation, quantitative tightening, interest rate hikes, supply chains up-rooted, aggregate demand killed by mortgage rates/energy costs/cost of living crisis (global recession inbound).. don't see how this doesn't go down to 3000 / possibly Covid lows.
Buys: Uraniam, LNG, Solar/Wind, Fertiliser/Potash, Litigation firm
Looks like FTM could make a move soon, obviously very dependent on the rest of the crypto and wider market.
There is good support/resistance on the Fib retracements so I see these as being the key lines to breakthough and hold as support if we break to the upside.
