AMC Entertainment @ Last Point Of Supportyou know It! Wyckoff everywhere!
Accumulation of bananas has been soo bloody.
To the Moon!
Tendies nice and warm, sweet tea, crinkle french fries. life time baby!
( APE SOUNDS APE SOUNDS APE SOUNDS)
( APE SOUNDS APE SOUNDS APE SOUNDS)
( APE SOUNDS APE SOUNDS APE SOUNDS)
Goodluck! NFA!
Apes
🍌🦍 'APES Together Strong' OR ''Monkey Business''? 🙈🙊🙉In a planet threatened by Ape politicians and Nuclear War, the Planet of the Apes is a good film to watch again these days:
Apes Together Strong? or simply Monkey Business ?
Apecoin is Killing it! The new Hype is here.
Would we Buy? Would we go short? Or would we just stay away? Every answer is legit, pick the one you like.
Food for thought:
🍌Crypto is partially Hype, unlike the Apes we are never Bored around here.
🍌Better deal with potential 'monkey business' than monkey leaders with nuclear warheads
🍌Hype will make many people poor and some people rich. Try to be in the 2nd category 🙈🙊🙉
🍌 Bananas are a healthy source of fiber, potassium, vitamin B6, vitamin C, and various antioxidants and phytonutrients
🍌 Apes Together Strong. Fact
One Love,
the FXPROFESSOR 🍌🦍
APECOIN: Will Ape out!Gosh, that's a pretty brief description! Gosh, that's a pretty brief description! Gosh, that's a pretty brief description! Gosh, that's a pretty brief description!
BTC/USD - UpdateI'm still waiting for BTC to make a decision on which way to go between these two daily levels.
We are more likely to hit the lower daily level because we have witnessed repeated rejections around the upper daily level and we have bearish CVD divergence. If we see a correction to the downside, we could see a bounce at about $39K.
Following that, we must observe order flow in order to evaluate whether the price is likely to hold or not.
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☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
High-profile athletes are spending huge amounts on NFTs: Here's Worldwide nonfungible token trading was worth around $40 billion in 2021, and it has since attracted some big names in the sports industry.
Athletes have been known to invest in a range of assets and businesses, but now they're also getting into cryptocurrency and blockchain.
Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 billion in 2021, and now some professional athletes have joined the movement.
Luka Modric, a Real Madrid soccer player from Croatia, launched a line of NFTs, while Neymar, a Brazilian professional footballer with Paris Saint-Germain in the French league, recently paid over $1 million for two NFTs. Several professional athletes, including Alexander Ovechkin and Michael Bisping, have been known to be interested in the world of NFTs.
Buying NFTs appears to be a simple and lucrative investment for the rich, especially if they are well-known. However, Philip Gunwhy, partner and brand strategist at Blockassets, an athlete-focused NFT ecosystem, claims that there is considerably more to it than simply investing and cashing out. During a Q&A session with Cointelegraph, Gunwhy discussed why athletes have been drawn to NFTs.
Related: NFTs and DeFi are revolutionizing real-estate investing and homeownership — Here’s how
Cointelegraph: Why do you think athletes are drawn to the NFT world?
Philip Gunwhy: The ever-evolving world of NFTs and the technology behind them means that athletes can utilize them in a way to interact with fans. While it is a relatively new technology, there are clear examples of how fans can benefit from holding official athlete NFTs, such as meet and greets and even fully interactive metaverse interaction with 360 cameras.
CT: What’s beyond that? What would happen if everyone issued their own NFTs?
PG: How NFTs are being utilized changes every day. Ultimately it’s a smart contract, transparent transactions that will be permanently stored on the blockchain.
If everyone is issued their own NFTs outside of the world of celebrities, there still may be use cases for it even with a lack of overall public demand. For example, I could issue my CV as an NFT, employment history and references could all be verified.
Ultimately, the uses for NFTs are only limited by the limits of imagination.
CT: What benefits do you think athletes can get from being involved in the NFT world?
PG: Aside from all of the traditional levels of exposure that any traditional marketing method would bring, it is a way for them to engage with their fans in a way never before. With an athlete NFT collection and or token, the superfans become part of a super community.
I’m a big believer in the future of fan/social tokens and creating an eco-system that fans can benefit from acquiring their token; it’s a path and a journey that the fans can benefit from at the same time the athlete does, creating a win-win environment for both athlete and fan.
CT: How do you think the influx of athletes into the NFT world will change the industry?
PG: The influx of athletes into the NFT world will bring mass adoption and education to NFTs. But, at this point, we are only really touching the tip of the iceberg as to people’s general awareness of the power NFTs can bring to society. Throughout history, those with influence will be the ones that deliver awareness to the masses.
CT: Do you see any potential risks associated with athletes being involved in the NFT world?
PG: As with anything new that follows the path of hype, there will always be the unscrupulous minority who will try to take advantage of the situation. The creation of imitation NFTs and or phishing type scams will pop up. Therefore, people need to be vigilant. Work with only companies that you can be confident are official and make sure due diligence has been covered before making any investments.
CT: Which current processes in the sports industry can be eventually replaced with NFTs or blockchain in the future?
PG: I see a high probability that traditional ticketing will be entirely replaced by NFT ticketing. A season ticket, for example, could be transferred with complete transparency across the blockchain. There are so many more benefits to replacing old technology with the new, and tickets will never be lost; the ticket can and will be used in both digital and real-world scenarios. For example, a match day program can be airdropped to the holders’ wallet along with clips and highlights of the game.
CT: What advice would you give an athlete who is looking to get into the NFT world?
PG: For an athlete looking to get into the NFT world, I’d encourage them to discover their motives. Those simply looking to get an extra revenue stream can provide that, but fans will not necessarily be engaged with it. If the athlete wants to engage with their fan base and grow a true synergy, then find the right company to partner with that has proven to deliver this.
CT: Do you think there's more to it than just investing and cashing out?
PG: While there will always be many people looking at athlete NFTs as an investment, it’s not necessarily the view that I hold at all. Instead, I view the collection of NFTs and the acquisition of social tokens as a fun way to interact with the athlete. If you are a fan and want to benefit from that relationship, then the future is in digital smart contracts.
Related: Fan Controlled Football raises $40M to expand league with Bored Apes and Gutter Cats
CT: How do you see athletes' involvement in the NFT world affecting their careers in the long run?
PG: Athletes that become involved in the NFT world can benefit their careers by adding value to their IP. With social tokens, their market cap can directly determine their value as an athlete. Although, the past couple of decades, sponsorship deals have been a huge factor in decision making when it comes to negotiating sponsorship deals, the future of Web3 and social tokens empowering new forms of social media, an athlete market cap will quickly catch up and potentially overtake as a way to determine an athletes popularity and therefore, marketability.
The Battle of the Apes, AMCThus, where to begin?
Following the Option trades and putting together an Excel sheet on a daily basis for AMC to get an understanding WHAT the numbers are telling you.
The trading volume was higher than usual. Yesterday about 180,000 contract and today about 190,000 contracts. Even though the apes could not break through the resistance level of $39-40.
What happened on Monday?
Yesterday after market the Earning report for AMC came out. Their sales are up but only 10% of what it was pre-pandemic. And the uncertainty about the DELTA variance also has its negative impact on going to the theaters. AMC was losing big money pre-pandemic with a revenue of 5.5 billion Dollars.
AMC reported 22 million ticket sales in the first quarter, up sharply from its 7 million ticket sales in the first quarter and well below a record 97 million ticket sales in the second quarter of 2019. AMC reported $1.8 billion in cash and $2 billion in liquidity as of the end of June.
Dan Nathan said the thing that's unique about AMC is that 80% of the company’s stock is owned by retail investors rather than institutions.
“If I look at it from an institutional perspective, it’s uninvestable. They were losing money in 2019 before the pandemic when their sales were more than $5.5 billion,” Nathan said.
“Retail sees something very different in this than institutions.” You sell the rumor and you buy the facts. AMC spiked briefly and that was it. Price target for the most analysts did not change. 12 months target is averaged at $5.85 with a high target of $20.
WHY is it that the Apes cannot drive the stock price up?
Think about it, what they do. They are not investors. They are not day traders. They are not gamblers. They are lottery ticket buyers. The modern way of winning the lottery and hanging all your dreams on that ticket. Buy a ticket every week. One week we will go to the moon, bro.
They buy one week terms only, 95%, which means their call options expire a few days down the road. Very few calls have a longer time horizon.
You buy a call and the market maker buys the underlaying asset to cover his position. It is a married call or married put, if you bought put options.
Now every week your calls expire and the MM sits on your shares!!! How many week does it take to fill up a truck with shares? None. They own already all the shares from mid of June and they only have to cover your calls very little or not at all. WHY?? Because they own them already. AMC is range trading and the market maker and your broker love it. You pay commission to the broker and the MM wins on the spread and slippage and keeps your money at the end of the week. Lovely job!!!
You are just tossing money down their throat. Look at Goldman and Sachs earnings and where they make their money.
With a dwindling trading volume and a range trading in place the stock goes nowhere.
You have to buy more shares than the Market Makers are holding. Thats why I say the downside is more promising because there were never too many Put options.
Also to consider, the apes went to other stocks, Like Hobin Rood, another scam.
Conclusion and the take outs.
In the beginning of the squeeze there was the surprise! There was momentum. There was trading volume. There was "All Apes on board we are going" I made good money too but I cling on the outside with a parachute and let go when momentum goes down. Then you play the other side.
Now we have to have patience, There is no momentum, it is dwindling. The trading volume is falling. Apes go to other banana trees.
This week,
Trading volume is up big time but still not enough. We will see tomorrow. This I think will be the biggest thing to watch.
There are more PUT Options out there this week than we saw it before. the ratio is 1.5, which means for every Call there are 1.5 PUTs. But as before their perspective is base on a one week horizon. Cheapies. They have no money or they dont believe in their own trading skills. Maybe there are none?
The Market Maker Sweet Spot
The market maker will try to keep the price within the Sweet Spot. And they easily can do that. Even with a huge volume Monday and Tuesday, which drove the price up because also the MM need to react and coordinate with their buddies, they drove the price right down where they want to have it. This game is rigged against the retail trader and there is nothing to complain about it. Learn it and deal with it. Do not buy short term options. Only if you hedge them with a calendar spread.
Outlook and conclusion
So we can say that the huge trading volume this week establish the Avenger Apes. Those Apes who turn their back on the Ape Army. The level at $34 is important and then $30 and then $26. But when you look at next week they all disappear. The levels are not strong either. We have seen three times open interests at those levels. 24,000 contracts. Now we dont make 8,000 and the week is half way in.
I believe even with this higher trading volume, that the price cannot break $40. The Apes need a March on Rome, like in the beginning. They dont have it. Fact. They could have done it in the past six weeks. They didnt do it.
This week we have a lot Avenger Apes.
I dont think we will break below $30 this week. Probably we will stay right in the MM Sweet Spot trading volume permitting!
But before you take my word do your own analysis.
Images are missing and can be found at hedgingstocks.blogspot dot com
AMC Stock - oversold - Ready to go UP ?Hello Traders !
AMC is to buy ?
This stock is quite oversold, i think this is the right moment to buy !
We should see in the following days/weeks a strong bullish move ?!
The long term forecast is good ! Invest NOW around 26$
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
GAMESTONK... WHO IS READY TO BREAK THE INTERNET AGAIN?If you hold Gamestop I'm so happy for you. I personally only hold AMC but I don't care which stock skyrockets or squeezes first. The other will follow. That's facts. GME has either bounced or been rejected by the long-term trendline from 04/03 2020. It has respected the trendline as support 9 times. Friday the trendline was respected again. A lot of people were fearful this week on GME and AMC. I don't understand why, if you look back at the history of GME's chart you can see this correction or dump is not even the biggest. It fell 37% one month before the squeeze on January 28th. It fell almost 25 % two weeks before the squeeze. The volatility is normal when it comes to GME and AMC. If you've held this since January last week was nothing. This is usually what occurs before a squeeze or a big run-up. We closed above a strong support (168-169) which was also a good sign for the future. GME is looking primed for another squeeze.
All of the FTD's ever reported since January $AMCFailure to deliver (FTD)~ When a trader of a security can not meet all of the obligations of the trade at the time of the sale.
How FTD's are effecting AMC is done by Big money traders trading these FTD's between each other which continues to impose selling pressure.
When a single stock is a FTD (NOT THE TICKER/COMPANY), there is a owner of that Security. When the ftd is being sold to the next big money trader, There is a new share that is resulted in that trade between traders.
At the end of this transaction between the seller of the FTD and the buyer 2 shares have been imposed on the market.
Owner of the FTD --> Selling the FTD to the next --> Sell it again to the next and you now have 3 shares sprouting from 1 with the pressure on the market of 3 shares!
1 Share at this point Rather than that one share being given, a synthetic share was made (the same pressure is imposed
as if a second share was bought on its own through a lit exchange)
You can see how this turns into a shit show when these FTD's are constantly hopping around imposing new pressure at different points.
3.5 Million on the top but how many shares could that actually be?
I figured this chart would be great to watch. Updating this every month with reliable information pulled from the Sec.
Follow to keep up
Happy trading everyone and remember,
Scared money don't make no money.
AMC CME Gap's + Price Target of 51.55-51.69When it comes to CME's, common talk is price will re-trace to the gap at one point in time ( Can be sooner or later ). On this chart you'll see the various CME's in AMC but the most significant ones relative to recent price action are 2 CME's
51.55 - 51.69 (#2) 14 Cent Gap
&
38.88 - 38.14 (#1) 74 Cent Gap (Empty box near MA's)
Market open Monday should retrace us to the previous gap mentioned as #1
These CME's are based on Daily t.f. Charts and a couple including the ones mentioned above were fine tuned on 1 hour for accuracy more importantly the 2 above are significant due tp their resistance at these points. This chart is only showing CME's and will continue to track them on a weekly basis here.
Food for thought on options traders,
The squeeze is more likely to happen if you buy the stock and hold rather than trading the option. Put or Call. Doesn't matter
We need a SOLID floor.
Happy Trading everyone and remember,
Scared money don't make no money!