BBBY was the 3rd most shorted stock as reported by marketwatch 1 month ago, I believe it may be the most shorted stock now when the totals get updated: www.marketwatch.com Also yes Ryan Cohen sold, but Jake Freeman also sold $100 Million: www.dailymail.co.uk this is money and profit that's now sitting on the sidelines. Freeman said : "'I certainly did not expect...
you can see from my chart the MACD is about to cross again price is resting on the moving averages SHIB is also moving and performing better than other cryptos at the moment.
DOGE is lagging behind but certainly following SHIB I called out SHIB before it launched another 35% yesterday we might see the same today with DOGE following
Remember the addage "the longer the base, the bigger the boost?" SHIB and other cryptos have fallen along with tech and now tech is making a return NVDA is seeing new investment and we appear to be seeing a recovery in cryptos there's been a long flat base for the last 4 months and a doji on the monthly indicating a reversal
Bitcoin and tech have been down in the dumps for a while SHIB and other cryptos have sold off and have slowed down and consolidated now that a bottom has been found it may rise again for a couple weeks
This might be a great buying opp Nancy and Paul Pelosi are buying Nvidia is low on their chart since January
Bitcoin and tech have sold off since January many are tired of the selling there may be some short term buying as relief
you can see the downtrend and attempt to break recent support
you can see my past predictions tech and bitcoin are still tied together and you can see bitcoin has capitulated for a while but is due for its next drop
You can see the most recent trendline up as a relief after the big drops from 60k Breaking this trendline to the downside indicates further downside and a continued larger downtrend. US tech has also been on the decline.
you can clearly see the double top on the daily chart also MACD recently crossed down on the monthly chart so this is a continuation back down
Bitcoin escaped the downtrend from before and went side ways for a little while, like the stock market it is likely affected by CPI and inflation numbers and will drop from here again
after this latest earnings and buying it appears to have upside and potentially a reversal
You can see the red doji at the end of the recovery trend, then when it touches the downward trend line the volatility resumes downward I'm reposting this to link to my past predictions
Looking at the chart you can see the large trend that was started from 65,000 this trend is continuing on the daily and the monthly chart has recently crossed on the MACD which could indicate further downside below $30,000 Current price is $37,000
Cryptos have been down really hard but they all show the same pattern like they hit a wall on the bottom These lows may be a temporary bottom They may try to turn them around and make an uptrend
This might be the end of the bull run that was started 2 years ago We might see Bitcoin back around $10,000 or below in the next year.
Looking at the monthly chart there's clearly more downside for NFLX Don't trust a single thing Jim Cramer says he's been wrong 90% of his career