short squeeze to 255 then consolidate.
edit: please, thank you.
edit: please, thank you.
bullshit. If we're going to $255 then we're going to $350, but I think we might be going down first. Time will tell.
Fake breakout?
It's a real breakout, but we don't know yet if it has legs. Just like that little bump to $$248 on Feb 3rd, there's money to be made trading these little swings, but I don't have the balls to do it for fear I'll miss out on the short squeeze to $350 that's coming. The CB pump and dump to $315 was a no-brainer. I trade the no-brainers and leave the smaller swings to people smarter/luckier/more ballsy than me.
As I said weeks ago, I buy a little every day until the short squeeze or for three months, whichever happens first. Gotmilk was right. MACD is a trailing indicator. It is not useless but its utility is limited. There is no crystal ball. The closest thing we have is the Four Punch Pattern, market momentum and the order book.
Oh, there's definitely money to be made if you don't let your emotions guide you. Everyone was expecting a move outside the triangle so here it is. This mini rally could have been orchestrated before the actual breakout. Yet there are no shorts available at a decent rate.