BTC vs TLRY Market Cycle - Chart Update
A cleaner and clearer version of the linked idea.
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Looks like we'll get a wick of that low on a weekly close, unless markets dump. Things are looking good for a rally. The red vertical is earnings, something to keep in mind. I don't think there will be any massive surprises in this sector. Still on track but remember, it rhymes but may not repeat. This could be bottom but right now I wouldn't ape in. That's $10 business. I've got end of April calls and end of May puts that I'm eyeing.
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Looks like pump to $20 is locked in
Doing some research found that the dotcom bubble had the exact same structure, ETH did too but that went a little deeper.
Doing some research found that the dotcom bubble had the exact same structure, ETH did too but that went a little deeper.
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Moving nicely, puts paid well. Blue is line is invalidation for now, orange likely paths and red is the "Oh shit it's happening quicker" line.
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The fact that the last weeks candle closed above support makes me quite bullish short term for a pump. I'd much prefer to see it go lower (means less people still in) but we may not get that now. Feeling 50/50, need to check again if we reach a 2b of a high.
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Followed the red path this week, might get that opportunity soon across weed stocks. Probably earnings or start of June
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I want people to be aware of what I alluded to with the ETH/LTC versions.
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Been an interesting few weeks. Hard to tell what's going to happen here but I do believe we get a counterwave off the AVWAP fom top. Need to see TLRY hold $19 to confirm an uptrend imo.
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Hope y'all still paying attention
