First of all I have to mention that what im going to write below is messed up,but you all will understand. My writing its not going to have any price analysis. Its going to flowing ideas about THE BATTLE IN THE CHANNEL.
The last few weeks we have seen a crazy volatility in the price action. We all have to agree with that this Battle is different than the others. We expect crazy volatility.If you are lucky you can profit out of this. I talk about GME. this volatility created THE CHANELL. So, people jump in and expecting to profit out of this volatility. I say,hold a second. As i said you trade this volatility,you lucky,you make money.If you are not lucky,you no money no honey. So after the break out of the 3.5 years FALLING WEDGE the price went BBRRRRRR,AND THEN BOOM 17.72$. I bought one more time the dip. Volatility kicks away the loosers.
The price is in an uptrend chanell. We call it THE CHANNEL. 10$ UP TREND CHANNEL.
I put out of conversation the parabolic movement to the 80$.
Back on THE CHANNEL again. After of a few good news last week we saw the volume going down.But thats ok. The price is at a good potision at the moment. I feel that the price action after the break out its normal for the size of the money as at the size of the time on this HUGE falling wedge. I believe that whoever reads this knows how a falling wedge works. But this kind of approach to find out what the price is going to be in the future its very basic. In this play THE BATTLE for the Bulls and the Bears is back again vol2 at this nice up trend CHANNEL.
Its goin to be very intresting in the month of June.
Lay back get your bananas and enjoy THE BATTLE. iTHINK BULLS HAVE THE UPPER HAND IN THIS ONE. LETS SEE...
Ofcource none of this above are financial advise. How can it be?
PS: If the MOASS theory comes true, then this play is going to have a long way up trend inside THE CHANNEL with the upside downs also.
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