Crisis has become opportunity for Tesla (TSLA).
After gapping from about $202 to a low of $172.41, the electric vehicle has become ridiculously oversold. It’s also over-extended on RSI, MACD, and Williams’ %R. From its last traded price of $178.54, we’d like to see it initially refill its gap around $202 again shortly.
Better, as you can see in the chart, every time TSLA gets this oversold using RSI, MACD, and Williams’ %R, it bounces back shortly after. We saw Tesla (TSLA) bounce back in February, in late October, in August, and in May. And that’s just going back about a year.
Using that strategy, we can play the same stock over and over again, when the indicators align.
Even MarketWatch just said, “While the chart indicates that Tesla’s stock is still firmly in a longer-term downtrend, it has also been flashing a bullish technical divergence that suggests the shorter-term tide may be changing. It could now be safer to buy on the next dip than to sell on the next rally.”
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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