Pullbacks buying strategy after a breakout with example
• 1st pullback is a great buy.
• 2nd pullback is still fine
• 3rd pullback should be avoided.
• 4th pullback never buy it.
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#AllCargo
🎯Setting up nicely in 10EMA
🎯 Excellent base formation with numerous squats, shakeout and pocket pivots
🎯EPS rate 90, RS rating 80
More detail in thread
@swing_ka_sultan
@Accuracy_Invst @YTA_School @Capt_Kaushaljha @Jitendra_stock @ https://t.co/CRbRYT5feV
🎯Setting up nicely in 10EMA
🎯 Excellent base formation with numerous squats, shakeout and pocket pivots
🎯EPS rate 90, RS rating 80
More detail in thread
@swing_ka_sultan
@Accuracy_Invst @YTA_School @Capt_Kaushaljha @Jitendra_stock @ https://t.co/CRbRYT5feV
#AllCargo
— VCP Charts\U0001f4c8 (@vcpcharts) April 17, 2022
\U0001f3afGood accumulation from base bottom
\U0001f3af Pocket pivots and shakeout will give strength for breakout
\U0001f3af RS strength-81
\U0001f3af EPS strength-90
\U0001f3af Expecting more tightness near pivot point for entry@Accuracy_Invst @swing_ka_sultan @StocksNerd @VVVStockAnalyst @charts_zone pic.twitter.com/yb6pX4Kro5
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.