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ELON

Does Elon Musk Have Superpowers?For the question in the graph, if you choose any answer that doesn't include Elon, congratulations! your IQ is more than 0. Many of the Crypto traders idolize Elon Musk to the point of laughing at his jokes on SNL. They like to think of him as Tony Stark of sorts and some kind of a modern redeemer who is sent into the "simulation" in order to take humanity to Mars. Lately, even many "professional" analysts have jumpen on that wagon, attributing to him the super power of single-handedly bringing the Crypto market to new lows, making it lose 20% of its value just because the "real" Iron Man's climate conscience has just woke up to the fact the Bitcoin's mining is a big consumer of power. Now, even many of his worshipers after finding that their wallet were getting slimmer by the second, have made him into a Marvel villain. Reality is more boring, unfortunately. In order to prove this, I offer you a simple check: momentum. Here are the steps: Draw a curve across all the high points in the trend and and another across the low points. If they are both curving downwards, then the momentum is definitely downwards. This would also give you a rather simplistic projection (channel) of where the price should move, as long as the trend would continue, of course. Check the volume. Tipping points are usually surrounded by a surge in volumes. RSI is an important measure of momentum. When less than 30 or more than 70. the momentum is at its highest and a turnover may come at any time (one must be careful about this duality). In between those numbers, a turn over is likely more if we are inside a range. Based on these simple checks, the said tweets had 0 effect, since the decline is perfectly fitting to the continuum of the trend. In addition, recent stock market correlation also had a major effect, given that the stock market is currently going down. These are simple checks; there are other ones involving more precise mathematics and better visuals, and Elon Musk is not any equation. BTC is no DOGE in term of volumes, and if Mr. Musk was so godly, he should have saved TSLA's prices from tanking instead.
COINBASE:BTCUSD
by MontyMacht
3
Bitcoin Bouncing from Tesla Buy AreaOn this simple chart I have outlayed the 1 Month timeframe Support & Resistance levels, aswell as important Buy Events & News Events in Red & Green. Notice how we are currently resting on the average buy price of Teslas Bitcoin investment back in the start of the year. www.theguardian.com If we dont fall underneath this area I would say its a pretty good sign for Bitcoin to continue moving upwards. See my linked idea below, where I compare similarities to the Coronavirus dump. Invalidation in the short term is if price falls underneath $28000, goodluck.
Long
by Worth_The_Ri5k
5
ETHUSDT What's next? Please see the call and put options!Hi All So there seems to be a LOT of bullish sentiment about a market recovery RN So lets look at the charts... Focusing on the DAILY chart here. *Ok main thing here is, we broke the daily EMA for the first time since March 2020 market crash, we are still technically in a bullish upside channel, but the thing is the MACD is still below the EMA ribbon and the RSI should ideally hit below 30, as with all crashes have gone below this level. *Looking at the resistance an support level we have clear support and resistances at *1550* AND *2450* we came down to 1760 and didnt break below this. * We have a VERTICAL TRIANGLE FORMED we use this to dictate our trades next... .. if we close above the current green candlestick we are one, and close higher, we could potentially see it up to 2450 straight BUT most likely we will see it close down, heading down to 1630 as shown. ... From 1630 it will test this level, if it close above we know we can long call option to 2450. This is my most likely scenario. You can set longs and puts as ive indicated on the chart background. Thanks Marlene
BYBIT:ETHUSD.P
by marlenri
Can we get together and go SHORT on Tesla ? 🦈🐬🐟🐠🐡🍣We probably cannot but it would be fun to see all 'small fish' retail investors/traders go short on Elon's Tesla right on support.... A nice push OFF THE CLIFF, exactly how Elon did with Bitcoin (and all the rest off course) pushing the price lower at the PERFECT time! Yes, technically speaking these crucial support levels are a cliff.. an inch lower and you go scuba diving 🤿, or bungee jumping if you don't like getting wet the wrong way. So, at the same time that Elon ambushed BTC and sent all cryptos lower, his 🐋TESLA IS FINDING BUYERS 🐋RIGHT ON SUPPORT 🐋and rising higher🐋. Is Elon swimming with the whales? (Probably is.. until they eat him). That has to be great news for Elon and we all hope he is happier and in a good mood now so he can focus on changing the world and conquer the outer space. Unless off course we all go short on TESLA (AND PUSH IT OFF THE CLIFF).. But then we might not got o Mars and Jupiter for holidays one day and I get stuck on a beach here in Cyprus. so let it be, let's give Elon a break. He is happy in the arms of the big whales. He helped them buy Bitcoin a bit lower.. it's ok, forgiven. 1.😂😂 twitter.com CHECK THE 'TESLA FORMATION' ON THE BITCOIN CHART HERE! 😂😂 2. I am not closing my short positions on Tesla motors.. I am only increasing them now 🦈 3. 🦈🐬🐟🐠🐡🍣 no matter what fish you are, you will end up being sushi if you use more synthetic (leverage) and less holdings (assets, stocks, crypto spot etc). Play with some leverage but understand the risks involved. the FXPROFESSOR 🐬
NASDAQ:TSLAShort
by FX_Professor
13