CherPetitPrince

NVDIA Trade Plan (March April Challange)

Short
NASDAQ:NVDA   NVIDIA
There is a direct correlation between the stock share of the NVDIA and the BTC, because NVDIA produces graphics cards and is one of the biggests company in builiding the raw material of mining crypyo rig, so if bitcoins goes up the nvdia will also go up because there will be increase in the demand of graphics card, to use a example the correlation of the BTC and NVD is the same of a wood furniture and the price of wood, if the wood goes up the price of a wood furniture will also go up. Here we are prepared to a two setup trade the first is where it goes to a resistance point and falls after the RSI indicating a Bearish Divergence and this is indicated by the orange arrow, the black one is if the price don't to go up to the resistance and falls before reaching it, so basicaly we are preparing to a bearish move that is happening because of a RSI Divergence and a weak BTC.
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