After 70k breaks we probably chop for a while, during which bulls will gain some hope back that the bottom is in and then we'll rug them again.
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So basically AMD made a leap and is more competitive than NVIDA on the AI side now and they ousted Jensen IMMEDIATELY afterwords?
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People are giving far too much weight to opinions on here because they are an "Ex-Goldman" "quant". A bachelors from a mid tier state college can get you a job as a quant at Goldman. Disregard their opinions completely, they are low caliber in their own field.
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> Right click -> Reset chart view
> Set time frame to the daily
Once volume is touching the candles you're safe to switch back to looking for longs again
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Seems many on here are not familiar with the nance infinity seller from the past several cycles. You don’t step in front of them no matter what, they will continue the twap shorting until they get a huge position and then eventually aggressively sell until a fat cascade happens. These cascades won’t v bounce, they will chop for a while and that seller will exit with minimal price impact. Absolute professional and amusing to watch. Last cycle they were the entity that liquidated 3AC. When they smell blood they hunt and their strategy seems to just be “my size is bigger than everyone elses” and i have never seen them miss.
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