nVidia | Shorting the Bubble?

NVidia closely resembles the Bitcoin chart! The manufacturer closely supplies digital infrastructure companies (crypto miners), many of whom are currently contending with low digital asset prices, regulatory clampdowns, and expensive hardware prices. Consolidations are imminent. And the secondary market for GPUs will likely slam retail prices and orders with the manufacturer. I already have the intel on the manu side ;)

So, ideal place to short was $254.71, which will have stops placed just above it. The BO level is $219.72 for a momentum short. Targets are marked according for profit taking. All this market need is a catalyst and we're off! If we trade above invalidation level I will update.

トレード稼働中

ノート

Ok. We are at the first support line. Let's see if this breaks down, which may bring us to the BO level and a break of the second support line. RSI has a bearish divergence ;)

ノート

Attention! We are at the BO level.

ノート

Candle close below BO level will validate our plan :)

ノート

We're trading back in the bullish channel. Its kissed the pivot, let's see if we breakdown again (fingers crossed).

ノート

We are back at the resistance level and, by the looks of it, are re-entering the bull channel. Time is running out for the bulls, but just in case we have our stop-loss pending just above the recent swing.