I see the same type of price action playing out in NVDA right now as we saw in BTC summer of 2021,
it made a high and went into a steep sell off follow by another rally that actually made a new high,
although not by much and once that rally lost its steam it was followed by the major sell off we saw in crypto
s a whole. So NVDA does not need to necessarily make a new high to play out like this but either way
we are witnessing the irrationality of the end of a multi year parabolic uptrend.
What goes up, always comes down.
it made a high and went into a steep sell off follow by another rally that actually made a new high,
although not by much and once that rally lost its steam it was followed by the major sell off we saw in crypto
s a whole. So NVDA does not need to necessarily make a new high to play out like this but either way
we are witnessing the irrationality of the end of a multi year parabolic uptrend.
What goes up, always comes down.
