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Manipulation of Tesla Stock and Bitcoin - Wyckoff Distribution Method - YouTube
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Hey friends, Chicken Leader reporting!
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What the hell man, another dumb ass report
on Tesla China deliveries.
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Tesla ships their cars in batches to various
markets all over the world.
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It鈥檚 stupid to ship a few cars at a time.
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So month to month delivery numbers are very inaccurate.
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A little sick of fighting this same shit over
and over again.
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This video, we鈥檙e gonna talk about stock
market and crypto market outlook.
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Covering a little less on fundamentals and
more technical analysis.
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Something interesting is happening.
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This guy on YT, this video blew up talking
about the Wyckoff Distribution.
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I鈥檒l link his video in the description.
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First the fundamentals.
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Inflation have been one of the biggest fears
hurting growth stocks.
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Cost of commodities like lumber & oil shooting
up.
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I told you it鈥檚 temporary because factories
will start to ramp up and things will normalise.
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Lumber already dropping.
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Hear it from Cathie Wood:
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Look there is no way to keep selling lumber
at that price.
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Just like gold and oil, if price surges too
much, gold miners and oil companies will ramp
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up to suck in all that profits.
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For me, I'm bullish stocks, most dangers are
out of the way.
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I believe my portfolio will quadruple over
the next 5 years.
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Just need time to do it鈥檚 job.
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Hear it from Cathie Wood again:
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Look I鈥檓 sorry I鈥檓 sometimes I鈥檓 too
early.
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I bought Tesla at $300+ presplit to watch it
drop to $100+ then surged to a few thousand.
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I bought long term bonds in 2017 to see it
drop only to get it right 3 years later.
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I鈥檓 right eventually but it takes time.
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Because I鈥檓 very fundamentals based approach,
it keeps me saint during down days.
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To the technicals of Tesla stock, previously
I shown you the support zone, nothing changed,
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it鈥檚 still holding strong after bouncing
off this support.
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I鈥檒l link the old video below.
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I believe the bottom of Tesla is here.
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Let鈥檚 talk about that Wyckoff video that
went viral.
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Yup, the big boys are playing you.
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I鈥檓 using the 4 hr time frame because assets
usually don鈥檛 remain down for a long time.
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In fact stocks drop 20% of the time.
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Taking a screenshot, I鈥檒l import this into
canva.
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I鈥檒l overlay the chart with Wyckoff Distribution
and wa laa.
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Look at the uncanny resemblance.
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Looks like the big boys shaking the paper
hands away.
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I do believe Tesla stock will rise as the
roll out of FSD subscription and deliveries
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of the Plaid coming in 2 weeks.
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There will be tons of videos showing the Plaid
destroying every car out there.
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Let鈥檚 talk bitcoin.
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Like it or not, green or not, bitcoin is like
the SP500.
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It goes down, everything goes down.
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It goes up, everything goes up.
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That鈥檚 why I鈥檓 charting with bitcoin.
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To be frank, after investing in Nano Coin,
I鈥檓 beginning to question the fundamentals
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of bitcoin and how will it look like 10 years
from now.
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This is Cathie Wood on bitcoin:
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Going to the chart of bitcoin, 4 hour time
frame again because assets don鈥檛 usually
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remain down for long.
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Took a screenshot, imported into Canva.
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Overlay with Wyckoff Distribution, and waaa
laaaa.
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It looks like the big whales are taking us
for a ride.
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If you draw your fibonacci retracement levels,
tops, to bottoms and retracements, $30,000
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is a strong rejection point.
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Wrapping up, all signs points to a bullish
markets in both Tesla and Bitcoin.
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I'm more certain than ever in 5 years
how my portfolio will look like.
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I鈥檓 a more fundamental analysis person,
I pay more attention to that.
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I hope this market outlook helps, best way
to invest to dollar cost average into strong
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fundamentals, hard to go wrong long term.
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Appreciate a thumbs up and invest safe.
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