1. Face it, Bitcoin is back and
NVDA
got crushed end of 2018 specifically because of the rev losses from their flagship mining chips. (Which i was not aware are connected to the A.I. in self driving vehicles). Billions are going into that industry too.
2. They beat earnings on Thurs, 5/16 and shot up to $173 after hours, however what i’m about to show you is the algos needed to hit their 618 fib level target first... Which they did in the last 10 min of trading on Friday, 5/17. From a wall street perspective it’s, “Why would i go long and buy the crap out of NVDA when the algo division of my own firm is still shorting the crap out of it, until they hit their target.”. I propose they finally hit their target late Fri.
3. Possible headwinds lie in the China trade war, which ironically may give crypto a boost. The boost being, “If i have to pay a ridiculous tariff on this one thing my company uses everyday, then why not pay for it with Bitcoin/Litcoin/Stellar and save myself a shit ton of money”. Bypassing the tariffs.
STOP LOSS IS VERY TIGHT. If NVDA drops & closes below $152 = BAD and sell all call options.. That would indicate that NVDA is possibly just still a gigantic year long correction. The yellow arrows are the 3 price & expirations staggered out for optimal risk/reward. Your welcome.
NVDA
got crushed end of 2018 specifically because of the rev losses from their flagship mining chips. (Which i was not aware are connected to the A.I. in self driving vehicles). Billions are going into that industry too. 2. They beat earnings on Thurs, 5/16 and shot up to $173 after hours, however what i’m about to show you is the algos needed to hit their 618 fib level target first... Which they did in the last 10 min of trading on Friday, 5/17. From a wall street perspective it’s, “Why would i go long and buy the crap out of NVDA when the algo division of my own firm is still shorting the crap out of it, until they hit their target.”. I propose they finally hit their target late Fri.
3. Possible headwinds lie in the China trade war, which ironically may give crypto a boost. The boost being, “If i have to pay a ridiculous tariff on this one thing my company uses everyday, then why not pay for it with Bitcoin/Litcoin/Stellar and save myself a shit ton of money”. Bypassing the tariffs.
STOP LOSS IS VERY TIGHT. If NVDA drops & closes below $152 = BAD and sell all call options.. That would indicate that NVDA is possibly just still a gigantic year long correction. The yellow arrows are the 3 price & expirations staggered out for optimal risk/reward. Your welcome.
交易進行:
I believe I had the initial Elliot count and likewise, fib retracement incorrect; It’s not an exact science, my bad... This is looking like a better fit;
交易結束：達到停損點:
Womp womp. China trade war wins.
交易結束：目標達成:
Just hit $208. Boom.