How to filter for breakout stocks:
52-week highs
All-time highs
Rate of change
Increased volume
Low float
Market cap
Above 200 MA
Volatility contraction
Remember to adapt to changing markets, yesterday's big $DIA $SPY $QQQ drop along with every other momentum play caught a lot of newbies/over-aggressive traders off-guard. Look at the calendar, this is not May/June craziness, THIS IS AUGUST! Typically the slowest month of the year
Now $MVIS & $RVP are cracking, $IZEA & $APDN morning spikes look to have failed, $FLDM & $KLXE squeezes look done & $TGHI is up from .01 last week to .175 so I need a big https://t.co/4lKUY5SH24 pattern to rebuy...only $CODX with its boiler room connections keeps squeezing LOL
While the world binge watches Netflix series, I’ve been binge watching @timothysykes video lessons. I’ve been given the gift of time! Definitely not wasting it.
1/ Watching #btc volatility & thinking about current use cases, I finally appreciate why @VitalikButerin says it's important to make a StableCoin. Ppl should be able to store value w/o taking on all this currency risk.
Can I make a few objective observations & we keep it fact based?
1) for many people who use crypto daily, fees are a huge issue -- they don't care about Roger or Blockstream or Twitter they just want cheaper fees and will switch to whatever gives them cheaper fees
The total aggregate market cap of cryptocurrencies now $570 Billion, meaning slightly higher than Amazon. If you are one of the individuals who think this will all crash to $0 one day, think about the economic effects of $570 Billion just disappearing out of the global economy.
Typically VCs invest in emerging tech expecting 1000x over 5yrs. To the public markets that would be called a bubble. Crypto = emerging tech that institutional money never got access to (yet the public did). Public market people therefore call it a bubble. /1