Huge position trade available soon, I do not know exactly where, I will probably miss it.
When the crypto ponzi goes down and mining is not profitable anymore (soon) the NVIDIA bubble will go down with it.
That crazy rise is going to be over. This is too much.
Oh and the major MONTHLY bearish divergence is not in favor of the bulls.
Riiiip.
Zooming in might help finding the top with decent precision.
(This is in the long term - several months, not saying it goes down tomorrow)
When the crypto ponzi goes down and mining is not profitable anymore (soon) the NVIDIA bubble will go down with it.
That crazy rise is going to be over. This is too much.
Oh and the major MONTHLY bearish divergence is not in favor of the bulls.
Riiiip.
Zooming in might help finding the top with decent precision.
(This is in the long term - several months, not saying it goes down tomorrow)
Note
Did I actually get the top of NVIDIA?Looks like it is going down already. It could go up thought before down.
This is long term.
Maybe I got the top & NVIDIA started its long long descent into the abyss for months or more to come.
In a few months I am either going to gloat and say how right I was, or I will come back and say I was wrong.
I think the meteoric rise is soon over, sorry guys party's over.
Let's short OR look for the next meteoric rise, what shall it be?
MJ? Some new crypto ICO that actually has a use and works?
Something...else?
I mean, except the US dollar of course :p
Note
Obviously...gadgets.ndtv.com/laptops/news/nvidia-overestimated-bitcoin-mining-demand-stuck-with-excess-gpu-inventory-report-1870690
wink ;)
Bitcoin going to bring Nvidia down with it.
In a looong time if Nvidia really goes down it will probably be an investment for me, I consider it a wonderful company I have bought nvidia gpu's since I was a kid (maybe I am emotionally attached).
I wonder if Nvidia going down will push ATI (AMD) up? :)
If AMD retrace 12$ maybe I'll make an idea
Note
bloomberg.com/news/articles/2018-08-16/nvidia-gives-disappointing-sales-forecast-on-lower-crypto-demandHAHAHAHAHAHAHAHA
You're telling me investors and fund managers did not see this coming? Really?
Well the chart looks bad, so maybe they did. But it has not dropped as it should yet.... So idk they are pretty slow...
Sad stocks take so long to do anything.
I rather focus on commodities FX and crypto, unless there is a bubble (or I want to invest).
Note
Earnings news coming soon.I am going to take a wild guess and say people are not interested in using their lifesavings to buy video cards and mine crypto now that the mining cost is 3 times crypto prices.
Note
TFW you are calmly setting alerts, and notice AMD is the second most traded stock on Nasdaq "ok what is going on?"And then you see this
"Buy the dip". No. Do not buy the dip. Ever. This is not how it works.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.