AMC ST (February 2nd 2021)AMC Entertainment (February 2nd 2021 through March 2021)
Low: $0.15 - $2 - $4
High: $9.89
So in the short term, it's not looking good. Technically this could still get a bigger short squeeze in the future but we have a period of consolidation ahead of us for now if that will even be possible in my opinion. Otherwise this will get driven right into the ground. Grab the popcorn, it's heating up. The battle is on.
I do not have a lot of hope for the smaller retail traders right now. From what it looks like, a 4.236 fibonacci was fulfilled and there will need to be a LOT of buying to help recover past those levels again.
Now, if we imagine a scenario where the coveted pump happens so long as the bears aren't going to take over completely, the next levels to watch for serious selling action for could be: $40 - $64 - $88 - $102 - $165 - $264
But it needs to top its last high of $25 first, and it can be possible but is a lot less likely now that price has shuttered as much as it has the past couple days. Not looking good in my opinion but this will be interesting to watch.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
ELON
AMC ST Update (Feb 4th 2021)AMC Entertainment (AMC) (February 4th 2021 through February 18th 2021)
(Potential entries) Low: $0.57 - $2.00 - $3.13 - $4.81
(Potential swing high levels) High: $5.08 - $6.28 - $10.10 - $10.94
I am looking for price action to come down near where I have placed 2 orange boxes for potential entries for future prospects of AMC. If people (WSB) manage to squeeze AMC harder a second time, there's a chance it never even comes down to where I anticipate it but I feel it will be very likely for it to keep crashing since the crazy peak, and maybe return to baseline/normalcy around $1 to $4.
A good entry might be found anywhere from $2.00 to $4.81 in my opinion, but it really depends on if WSB actually pulls off a second squeeze for how long it would take to realize profits on the next run. If its truly returning to baseline, $2.13 and lower should be expected, I think 57 cents would be the absolute most drastic possible.
I've placed a couple white trend lines just to see if any of it correlates with a path, but I've also scribbled the green, orange, and red brush lines for other potential levels I can see price coming to at those times. No idea which path will actually happen if any of it is even right, just watching closely for now.
Related idea attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
DOGE COIN HEADING UPDoge is a buy for the long term I believe.
Doge has held key support levels.
It is making higher highs and higher lows, and respecting the new levels when they're created.
Finbonacci retracement shows it is at a key zone around .5
Aside from looking technically sound, DOGE is extremely cheap and has caught the attention of Elon Musk who is a big supporter of crypto in general. I believe this is a HOLD for long term.
BTC is in it's correctional wave/retestLot of calls for a bull run. I wouldn't necessarily disagree with it, but I'm still short long term on $BTC. We've gotta follow the fundamentals and patterns of what charts do. From my understanding, an asset's trading price typically retraces back to the point where it broke out or broke down. So with the Elliot Impulse wave down and the typical ABC correction wave, I believe price will be inching towards retracement of 37.5K. There is a chance that it touches or breaks through the new upper trend line (thank you Elon), but we still have a lot to retrace back down and can't imagine BTC going past 41K.
Good luck and trade safely. ANYTHING can happen!
Nokia MT (February 2nd 2021)Nokia (NOK) (February 2nd 2021 through 2022)
Low: $3 - $5
High: $9.44 - $21
So I understand there is some financial madness going on right now.
Here's a scenario that shows how a short squeeze could hit monstrous levels provided it actually gets executed correctly.
I do not have the most hope in this chart but all the paths I've provided are just ideas of certain price levels that seem important to me.
This could end in glory, blood, or hit glory and end in blood. Who knows, but its very interesting to watch all these speculations play out with WSB reddit.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
POTENTIAL TRADE SET UP FOR ETHUSD PLAN
- Open a short position at 1314-1328 and set a stop loss at 1407.
- Set Take profit price at:
1. 1256.60
2. 1127
3. 1052
- High risk but higher reward, 1:4
INFO
- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.
- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL.
- GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com
- They might be waiting for the price to dump so they can buy the dip.
SIGNING OFF,
THECRYPTONIZER
Elon Broke the Bearish Trend Hi dear people
After breaking out of the Bearish pattern (which can be seen in my previous chart), BTC is back for another important call. The pump caused by Elon Musk was shorted heavily from 38k, resulting in touching the bearish trend line, this time as support.
Now Bitcoin is back for two possible options:
1. The bearish trend breach needs to be confirmed in order to form a new bullish pattern.
2. BTC can dive back into the bearish trend because of the (HYPED) pump, resulting in touching the higher bearish trend line again for going back to the Main support area. (Without the Elon Pump we would still be in the bearish trend)
Let me know which situation you think is more likely in the comments.
Also, feedback would be very Helpful!
Thank you
-SR7-Tradings
TSLA - Short Squeeze Friday = New ATH $888 targetTesla will hit new ATH due to the 10+ Million Shares that will be purchased tomorrow by outstanding naked puts. If we gap higher overnight, by $15+ a run over $900 is possible. More than likely we'll settle in the $880 range after making a new ATH at some point (likely late) in the trading day.
[WSB] The Technicals Behind TSLA (Trading Plan) #2Hello friends,
the performance of the Tesla stock (TSLAUSD) amazes me day by day. The fundamentals align with a very bullish and kinda healthy
looking chart (combared to bitcoin). We can see that the price is moving above the Moving Average 50 & 200 (blue area) for a
few months now.
We've managed to make some nice gains by taking a long position at the breakout of the symmetrical triangle (purple) and riding
it all the way to our final target at $650.
While i thought the run was over (like many times before), the price continued it's strong movement by moving along
a parabolic curve, towards our main target at $1.000.
Everything we see is basically uncharted territory. We don't have any resistance or zones of confluences above us (basically no data to rely on)
so we will have to look out for psycological important marks, like back when the price hit the $500 mark and retraced to $320 in a few days.
That's where to accumulation started.
We can use the Fibonacci Retracement levels to verify possible entries as soon as the price retraces (probably for the next leg-up).
This kind of retracement can have different shapes. You can see a Falling Wedge above, which is followed by a strong breakout and a continuation of the trend. This pattern is SPECULATIVE and just an example of how things can play out. We still have to observe the strength of the move.
Let me know about your thoughts on TSLA and feel free to like this idea if you agree with this idea.
i love you Elon!
cheers,
Ares
Don't Buy DOGE Now.... Buy It Later.You know my style, I would never suggest to buy anything out of FOMO. I would never suggest to buy anything that is this high. But we can look at some interesting technicals and curves to get an idea what would be the next target.
I'm looking at a 0.11$ target here with a retracement of around 0.005$. Simply based on fractal like behavior where we see DOGE has been through very similar cycles already.
-Trading-Guru
DOGECOIN 387x potential & dollar parityDogecoin (DOGE) is projected to move 387x in price and achieve dollar parity by March.
The events that will launch the price action are that Elon Musk will announce (he does not know it himself yet) on November 3rd right as elections are finishing that he will instate DOGE as main currency on his Mars colony, because of the election outcome the earth will be scorched and a escape to for entire humanity is inevitable and necessary for the survival of the mankind. Everyone will be looking to get to Mars.
All seats on space ships from the moment on will be only purchasable with DOGE at which point the entire humanity looking to escape earth will start accumulating DOGE with 1kg on the spaceship costing 1000 DOGE.
Increase your profits with 125x leverage at Binance, an exchange proudly ignoring most financial laws and regulations in most jurisdictions, by so being able to give you tools for instant riches such as 125x Leverage.
Trading involves risk. This is not investment advice.
Financial holdings disclaimer: ALL IN ON DOGE COIN HODLING UNTIL MOON and MARS!!!