Shrooms - the next weed hype bubble?

2021年1月14日

Only found out about the these recently and loving the theme.

- stimulus
- home
- unemployed
- bored

Could this be the next logical extension of the weed bubble?

I love this chart, on the left it has the classic wall st bubble chart structure. Went through all the emotions before grinding down and perhaps gearing up for round two, a bigger bubble. This is the same pattern that happened with BTC, 2013, 2017 and in progress, all same structure of a bubble then a slow grind down before repeating but on a larger scale.

Fast forward to now, we have just had a trading frenzy recently (across the sector) and they are all following the same pattern. Spikes higher on big volume, before sliding down on declining volume.

Nice and boring.

Notice how often this type of behaviour often pulls back to the break out level / fills the gap.

Reminds me of tankers, the whole sector is setting up the same, some leading / lagging but essentially following the same chart structure.

I have no clue about the fundamentals but this idea is well and truly on my radar.