Assuming this is the #Bitcoin peak, and it doesn't mirror the previous cycle, expect different chart patterns.
However, some patterns may repeat:
- Price gets volatile at creates wicks at the peak
- Bearish divergence at the top
- Price retests the blue line
- Price retests the 5th target box
- Bullish divergence at the bottom
Cathie Wood did it again.
She bought $32.8M of $CBRS at $310, one day after the IPO closed at $311.
The stock now trades at $207. Down 33% in 3 weeks.
ARKK is still one of the worst performing funds in the entire market.
Capital preservation > 10x gains chasing
Half these BTC moon boys that bought Saylors bags and BTC treasury’s down -90% need 10x to break even
Simply avoid massive drawdowns and you’ll be outperforming almost all people chasing unrealistic gains
@BURNERACCNT256@TheShortBear Buyer of SpaceX IPO? I won’t be, no.
I had offers to invest in SpaceX in 2022 at $30b valuation and passed on it since Biden hated Elon
Massive regrets