AMD triple topped, below moving averages and GPUs are in stock.

2 Apr 2018

AMD triple topped, it's now below 200, 100, 50 MA their GPUs had been out of stock for months but are now back into stock. AMD will tell you crypto was a small part of their revenue and gamers will finally be able to buy GPUs. I believe they're underestimating the impact it had. In October you could buy a mid level Radeon 580 for $280, in January they were out of stock and priced at $500, they're now in stock at $400 and with Ethereum, the prime cryptocurrency for GPU mining down ~75%, people are jumping ship. In addition, Bitmain has some details about an ASIC miner for Ethereum, much faster and more efficient than a GPU miner. AMDs cryptocraze is coming to an end and with the overall equities market is hinting bearish, it is time to short. Good luck out there!