Volatility of Tesla Works to Accumulate BTC

Share:

We have superimposed the Logarithmic TSLA Chart over the BTCUSD chart to demonstrate a higher degree of short term TSLA Volatility as compared to BTC. In this trade we have someone with the view that BTC is a long term bull play, but is taking a short position in TSLA with an in point in the 334 – 347 range. Then, you could create a stop loss order to close half of the position @ 351 (to limit risk so the position could be held, even if things initially went in the other direction). At a price of 312, the profit could be swept from the short trade into BTC, while still  maintaining the TSLA short with a target price of 300. My expected time frame on this trade is until around the 12th of January. The benefit of sweeping profit into bitcoin further increases profit by having a greater value in BTC in anticipation of the rise because BTC  has recently started to look more promising in the near to medium term.
Lawrence Schnellmann
@lschnellmann

This blog is not investment advice. It is based entirely on personal opinion, and is not a solicitation or offer of investment advice of any kind.  Consult a professional investment advisor before making any investment decisions.
Trading cryptocurrency, currency, equities and ETFs is potentially risky. You should proceed with caution before trading on the site. By using the Panxora website, platforms, and API you represent that you understand the risks associated with trading cryptocurrencies and global markets. Panxora trades global securities, including US stocks. The company does not have a presence in the USA and are not a US Regulated Broker Dealer. We do not accept traders residing in the United States of America