kibkibkib
11-21
$NVIDIA Corp(NVDA)$  Enter the cyclical trend of NOT-LOFTY-ENOUGH movement as investors might choose to dump a good chunk of NVDA to fuel their crypto dreams.

We have already dealt with the not ambitious enough not 200x expectation quarterly call during last quarter earnings, and saw how the stock price continue to ramp up after that. 

NVDA might hit 130 support line before long-term investors push it up the ramp to 160-170. Crypto is at an overbought level right now, and we anticipate deep losses for investors that choose to exit the oversold semiconductor sector which still has realistic projected growth into 2025, and seek to move into crypto markets will likely crumpled under. As BTC's progress is non-linear, we anticipate a drop to 60k as price stabilizes and cools. We have already seen this multiple times before.

Furthermore, fueling crypto growth at this point which does not help the job market and will exacerbate inflation will see the Federal Reserve continue to slow their rate cuts in order to tame the hysterical market. 

Big tech and semiconductor industries will still continue to see substantial realistic growth as interest rate remains high, we are seeing weakness in the consumer industry. Exit the ride now and you will be left behind.

Modified in.11-21
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Comments

  • syzuhair
    11-21
    syzuhair
    where do you the price for Nvidia shares in next couple of weeks
    • syzuhairReplykibkibkib: 
      sold mine at 148
    • kibkibkib: 
      In my opinion, 160 is attainable and is the next major resistance with 180 by next quarter is a safe number.
  • BTC_Sandy
    11-21
    BTC_Sandy

    btc drops to 60k? are u kidding me

    • kibkibkib: 
      If you can’t take the volatility of crypto then probably don’t invest in crypto. Market movement is often symmetrical, the faster it goes up the faster it comes down.
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