To The Moon

I would be lying if I say I knew before hand I knew about either events of cryptocurrency licensing by $Tiger Brokers(TIGR)$ or Li Lin's substantial stake in the broker. I am a simple trader cum investor.

I happened to chance upon a slow but steady uptrend performance by the broker (see chart below). It seems so simple, higher highs and higher lows, slow and steady. I have used BOLL chart indicators as my guide in this case as I realised that the turning points seem to coincide nicely with those extremes. In this case, rather than taking a long position, as I see it was near the valley, aka low side turning point, I just bought a call option. 

As it turns out, I was early... prior yesterday's strong performance, I was still down quite substantially. [Facepalm]  Otherwise the first image would be more than 100% profit [Tongue]  I had persisted simply because the chart is telling me that my time will come...

Not sure where this will me. I know from the BOLL indicator shared below that $Tiger Brokers(TIGR)$ had jumped too fast, too much. This is likely to follow with a correction. I am not concerned at this stage as if the recent history of 🐯 is any guide, this cycle of uptrend is far from over. So, it's not just about the overall uptrend. The immediate cycle is also still very much intact.

Finally, back to the topic of alternative instruments like stablecoins and cryptocurrencies. More variety of trading is definitely a plus, especially for a broker house. It's all about volume. With more offers, it helps to attract different kinds of participants. With China still very much restricting cryptocurrency, except its own digital currency, operating out of HK and SG gives 🐯 the window to make hay while the sun 🌞 shines! This is especially true with stablecoins related investment roaring in US. I would trust 🐯 team to take advantage of this euphoria.

Yup, $10 is not a "if", but a "when" before 🐯 recapture that... the useful question is how high it could go. The last uptrend cycle high was $10.68. This price would be the first target, but like how the previous cycles, I would expect this cycle to extend beyond that price towards $11, conservatively speaking. It might take a little while, but if $GUOTAI JUNAN I(01788)$ is any guide, the sign with 🐯 is good...

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