Today I wanna try to read a different asset class, the $Bitcoin(BTC.CC)$ in a naked chart as I found a potential bearish reversal pattern in making
During post covid, bitcoin reached its peak on Nov 2021, followed by around 1 year bearish trend till the bottom during Nov 2022. A strong bullish trend began since then, from around 15000 level to above 70000 this year, wrote a nearly 400% gains just within 2 years!
$Bitcoin(BTC.CC)$ Daily Chart
From the dail...

Hello everyone and welcome back to moomoo. I'm options explorer.
In the coming weeks, major companies will be competing to release their earnings reports.
including notable appearances from companies like $Tesla(TSLA.US)$, $Intel(INTC.US)$, and $Netflix(NFLX.US)$.
Earnings season often brings heightened market volatility, presenting a mix of challenges and opportunities for investors.
...

Following last week's flurry of macroeconomic news, this week's focus shifts back to company matters. The US is where most of the main corporate action is taking place, with banks such as $高盛(GS.US)$,$美国银行(BAC.US)$, and$摩根士丹利(MS.US)$, as well as $奈飞(NFLX.US)$, emerging as standout performers as the quarterly earnings season kicks off again.
The Bank of Canada will be focused on the March Canadian consumer price index report ...

$Tesla(TSLA.US)$
Buying at a low point and selling at a high point is cool~

$Tesla(TSLA.US)$Tesla is by far not a bad company, but there could still be trouble ahead. This is due to two key factors - its valuation and its problems when it comes to delivering on growth promises.
Tesla has generated a net profit of $1.86 per share during the third quarter - the highest quarterly profit ever. If we annualize that, we get to EPS of $7.44 - shares trade at around 120x that amount today. That is an absolutely outrageous valuation for an automobile company, but even when we compare Tesla to other high-growth mega-caps such as $Amazon(AMZN.US)$, $Alphabet-C(GOOG.US)$, $Facebook(FB.US)$, $NVIDIA(NVDA.US)$or $Netflix(NFLX.US)$, its valuation is by far the highest in that group. Amazon, the second-most expensive company in that group, trades at roughly half of Tesla's valuation, while others, such as Facebook, trade at less than one-quarter of Tesla's valuation - despite delivering huge growth of around 40% this year as well.
Looking at Tesla's valuation relative to the free cash flow the company generates, the picture worsens further. Tesla has generated around $4 billion in free cash over the last year, which means that shares are valued at a free cash flow multiple of more than 200 right now - which pencils out to a measly free cash flow yield of less than 0.5%. This holds true, surprisingly, despite the fact that Tesla has continued to issue massive amounts of shares. Over the last year alone, the diluted share count has risen by 18 million - which pencils out to a $16 billion increase in the company's market capitalization, all else equal.
Stock-based compensation has totaled around $2.2 billion over the last four quarters, and yet, free cash flow stood at just around $4 billion. Adjusted for SBC, free cash flows would have totaled around $2 billion over the last year, which pencils out to a free cash flow multiple north of 400 - which is way too expensive, I believe.
Tesla bulls oftentimes ascribe a lot of value to future business units, such as Tesla's upcoming entry in the electric pick-up market (Cybertruck), or its self-driving project. Both of these future growth projects are feeling some headwinds, however. Tesla has recently taken the pricing for the Cybertruck off its website, along with some specs:
The reasoning for that has not been publicized, but it seems possible that Tesla is realizing that the truck can't be profitably sold at a price of less than $40,000. Possibly, manufacturing headwinds or commodity price increases will force Tesla to sell the truck at higher prices, which would be a reasonable explanation for why the company has taken pricing information off its website. This, in turn, would worsen the Cybertruck's attractiveness versus competitors' offers, such as   $Ford Motor(F.US)$ F-150 Lightning. The fact that mass production for the Cybertruck has been delayed to late 2023 further pressures the outlook for this model.
Likewise, Tesla has not had too much success with its robo-car approach in recent weeks. Official probes into Tesla's Autopilot, along with a less-than-stellar performance of the latest FSD Beta version threaten the thesis that this will be a huge value driver in the foreseeable future. Some analysts and commenters also believe that the newly-appointed NHTSA Senior Advisor for Safety, Missy Cummings, who is a known Tesla critic, could put more pressure on Tesla and its self-driving claims.
To me, it looks like two of the most important potential growth drivers over the coming years, Tesla's Cybertruck and its self-driving project, are running into headwinds, which could pressure shares in the future, as they are currently priced for perfection.

$Amazon(AMZN.US)$Given the technical setup, there is a good chance the stock does stay below $3,500 and potentially goes lower. Since mid-July, the shares have been trading lower and have yet to recover from their weaker than expected second-quarter earnings announcement. When combined with a strong level of technical support around $3,200, the downtrend creates a bearish technical pattern known as a descending triangle.
Additionally, the relative strength index has been trending lower in the same direction of the stock since the middle of July. It would suggest that momentum in the stock has turned bearish.
When measuring the triangle's height to the base, it amounts to nearly $560 points or roughly 15%. A similar decline would target a drop to approximately $2,630. Now, that doesn't mean the stock will fall that far, but it is more guidance on how much it could fall. There are some key levels of support before that at $3,020 and $2,880, which could serve as a place to stop on a decline.
Overall, this could be a pivotal quarter for Amazon. With plateauing in retail sales and potential weakness in the cloud business, investors may not be very pleasant.

$Snap Inc(SNAP.US)$ reported earnings on the 21st, Snap plummets as Apple’s privacy change hits sales. I believe some of the punishment exacted by the market was that SNAP averred that its software engineers had found work-arounds for Apple privacy moves which defeats tracking advertising effectiveness. I believe that there are work-arounds and that the drubbing that SNAP is giving us is a fantastic buying opportunity. That said, I am going to consider SNAP a slow money opportunity. A stock that gets hammered like this could spend a lot of time wandering in the wilderness. I am going to buy shares, and not expect to see much until next year. I may just cashier the dregs that are left in my options premiums and roll them into a much lower strike with the expiration out to March ‘22 as well. SNAP in the mid-50’s is already a good risk, if it falls further I may acquire shares more aggressively.

$Amazon(AMZN.US)$ I have 250 shares at about $2,000 per share, don’t know what to do with them, but I don’t need any cash so I intend to hold them for the ride.