Auction to $16

21 Dis 2023

Since publishing the long idea in late August at $4.29 (orange circle) price action has zoomed up 1000%. Not bad. A number of reasons now exist to be short. They include:

1) Price action has arrived at significant support and resistance, $41.

2) RSI is @ 95 on the 5-day, 97 on the weekly chart. The highest in the history of this chart.

3) Price action is four sigmas from the Bollinger Band mean. Four! (see 5-day chart below). How significant is this? If you’re a probability nerd like myself, you’ll know. If you should take away anything from this it is, Price action will ALWAYS interact with the Mean 90% of the time (the orange middle line). Right now that price is $11.

4) Some other reasons said elsewhere.

Is it possible price action keeps going up? Sure.
Is it probable? No.

Ww

Type: trade
Risk: 2-3%
Timeframe for short: Couldn’t say




5-day Bollinger Band

29 Dis 2023

Dagangan aktif

3 Jan 2024

Nota

At this rate the target shall be accomplished in the days ahead.

16 Jan 2024

Dagangan ditutup: sasaran tercapai

Touched 17.30, good enough.

25 Feb 2024

Dagangan aktif

Although the target was already achieved it is about to happen again. Thought you all should know because there is a ridiculous number of long ideas out there.

2-day

1 Mac 2024

Dagangan aktif

(again).

2 Apr 2024

Dagangan aktif

GRM resistance confirmed.

15 Apr 2024

Dagangan ditutup: sasaran tercapai

Wait for price action to fall below $8 before entering the consolidation area as shown below.

5 day

17 Mei 2024

Nota

Had a few folks asking if this one is now a long.

no no no

11 Jun 2024

Nota

Price action has entered the Gaussian channel and rejected the ceiling on the 5 day chart. in other words broken market structure confirms resistance. It is now highly likely price action continues the downward channel to test the lower side of the channel, which is between 8-9 dollars.

5 day