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Anniversary

GME Year ReviewJust about a year since gamestop so I thought I would update my visuals and post my charts for GME in review. My first chart was June 8 and I was learning how to chart triangles. The next chart I created was another sym triangle breakout. you can see how well that 250 price was a hard resistance. I started to expand my chart analysis to Wyckoff and found a good sense for why stocks move. Then I began reading Michael Lewis books and started having fun with the SPYvsGME persona. And reading a lot of reddit and following the back n forth on twitter. More fun with charts and what was currently trending After that I spent a lot of time trying to figure out how the markets move and how options were driving the wild swings in stocks. I was going through some frustrating times at home and leaning to the dark side By December I was hooked on trading, analysis and starting to have fun. I don't do much analysis on GME any longer because I mainly trade SPY options & ES futures and learning about macro analysis. That's it for 2021. I really enjoyed my first year in trading. I hope the gamestop anniversary (Jan27th for me) is a prosperous one for everyone. I'll do another chart analysis for GME later this month and give a prediction for the year. Safe trading everyone!
NYSE:GMELong
by SPYvsGME
6
Bitcoin gained 215,000,000% by the 10 year anniversary.Recently Bitcoin has celebrated its’ 10 year anniversary. On the 31st of October 2008, a person, or a group of people under the name of Satoshi Nakamoto published a “Bitcoin P2P e-cash paper”, which can be found on bitcoin.org It was introduce at a very specific and perhaps a perfectly right time. Back in 2008 world was going through a financial crisis, demanding an alternative to the USD. And here you go, Bitcoin appeared out of nowhere. Whether it was created by a single person or a group of people, it seems that this was a carefully calculated event. On the 17 Mar 2010, the now-defunct BitcoinMarket.com exchange is the first one that starts operating. At a time it was priced at $0.003 for 1 Bitcoin. Currently BTC/USD rate stands at $6450, and that is a 215,000,000% growth! Clearly, Bitcoin has its use, and perhaps not so much as just being the first cryptocurrency, but maybe the best candidate for being the alternative to the world currency - the US Dollar. After a short “Happy anniversary Bitcoin” intro, time to move on the the current price action, which might show us upcoming price action scenarios. According to our previous idea, yesterday BTC/USD has rejected our projected resistance area near $6500. At the very same time the downtrend trend line, along with the 200 Moving Average, also were rejected. This makes $6500 - $6530 a very strong resistance. As price has bounced off it, there won’t be too many buyers, which are most likely are waiting for the break above. But when/if it breaks higher, it could trigger a massive wave buyers stepping in, pushing price up. Nearest resistant area is seen between $6840 and $6900, which if overtaken, can trigger even higher demand for BTC. Nevertheless, the resistance is being respected, which means that buying orders, sitting above the $6530, haven’t been triggered yet. Therefore, at this stage BTC/USD will most likely continue the range trading, between $6300 support and $6500 resistance. Break below $5300 can be a bearish signal for the BTC, and the risk of the price drop, down to $6100-6200, will become very high. Perhaps it is worth to wait and see, as Bitcoin approaches the potential decision making point, which is the nearest Fibonacci price cycle. It starts on the November 8, and maybe then the breakout occurs. Most likely, investors are waiting for strong move in price, accompanied by a heavy trade volume, and it could happen in just 3 days from now. In 10 years Bitcoin price has increased by 2,150,000 times, and it is extremely interesting to follow the direction of BTC in the next 10 years. The technology introduced by the Bitcoin is simply amazing. Considering that one day BTC might become a global currency, hard to imagine how far up it can clime.
BITFINEX:BTCUSD
by CryptalDash