GME BREAKS TRIANGLE = BULLISHWe never hit the bottom of the triangle, which is super bullish. I know everyone saw what happened today and is wicked pumped, myself included. Honestly i just want to keep posting updates to keep the hype train rolling. NFT announcement finally LFG! Cannot wait to own my own in game items, i am not into buying skins in video games bec they are just a waste of money rn imo but once this becomes an investment that i can own on the GMERICA marketplace I am going to be so hyped. Gamers will be able to capitalize on their hours playing video games by earning items with real world value. it is so cheap at current valuations, it baffles me people are not jumping on it right now. Also, my bday was yesterday and i gave myself the day off from the charts so having today be the first day back and seeing what GME did was an awesome present :) See you on the moon gents!
GME
GME + FibTriangle = Super Bullish ! ! !Oh GME, Oh GME, are you really forming a fib triangle for FibTriangleWavesforDayz to finally give to the GME CHADS? The pattern that I owe my username to? My favorite bullish reversal pattern. I love taking a long position at the E wave. If we hit 89 or 90 either tomorrow or friday, time to buy more shares/calls. Lever tf up boys. I CANT STOP BUYING!!! BUY, HOLD, DRS, BUY CALLS!
Thanks GameStopFor dumping 14 million imx tokens you recieved on apes/retail.
You can see we broke down, broke up again and then we broke back down below but holding. The weekend will probably determine where we go.
Clearly not enough interest to keep this afloat and I believe it's mostly due to Very negative social sentiment. Leads me to believe this will be dropping further as one looking to get into imx will not be drawn in expecting further downtrend. LRC looks to have the better social sentiment at the moment.
Holding on the daily so far. Pucker up crypto is a rollercoaster.
Take profits @0.92 or @1.05 or SL @0.81LRC has been confirmed as partner to GME, though this news has not caused any massive moves whatsoever. I sense a huge dump incoming, people being disappointed by the lack of a reaction to such an important event.
But what do I know? I'm nobody. Don't take this as advice because you can't sue me.
I hope it increases at least between TP1 and TP2, though I see no future past TP2.
meme stocks showing pairity (HOOD, GME, AMC)the grouping of retail longs and its mothership, Robinhood are showing bullish divergence from oscillators and oversold conditions in rsi. the relative strenght based qqe signals strategy has put in nothing but shorts and faile long entries. the chances of the strategy continuing to make money short is low.
elliott wave sage of youtube has released a video detailing why this wave 5 leg down could lead to reversal. a cross above the VWMA 12, close, 9 in HOOD would be bullish for this group. if we fail the 1.618 and hold or fakeout bear the 0, or continue above 13.89 immediately, not breaking 12.39, a trip over 16 could be in the cards.
this stock is a great buy under $10, and shows there is attractive value around these internal and fundamental levels to do with proportions of debt to earnings with the credit they have and p/e compared to cash on hand.
ask yourself would robinhood buy itself at these prices. if the answer is yes then its a good time to invest. they are a brokerage like any other. they make money when people change their outlook. prices can go up or down, but they profit from volatility and uncertainty.
Bullish case for BTC. Finally Sign of HornsVideo goes over it pretty quick. We start candles above support very nicely. Almost too perfect.
Take care, stay safe and good luck on your trades yall. I am feeling a bit better then I have been recently.
Here are streams if anyone is interested.
www.tradingview.com
www.tradingview.com
GME - OH YEAH I LIKE HOW THAT LOOKS !!!Ik i have been posting a lot of bottoms lately and its bec there have been a lot! GME has had this weird daily price action where it closes red on the day with a green daily candle but does not really make any new lows. Breaking above this gets my nips ready for another rocket ship moon landing. I got NO2 and turbos in my rocket ship. My rocket ship goes fast!!! My moon tickets were bought, did you forget to buy yours anon?
$GME - February Runup Update #2 & Possibility of an extra earlyHere's some non standard TA otherwise known as: "This isn't TA, your resistance/supports are wrong m8"
The stock is going to start running around the 17'th - 23'rd of Feb. The run may last only until the 23'rd or may continue until the 02'nd of March where the OPEX/Option Clearing cycle ends.
I've found indications of the possibility of an early run just like in November on Nov 3. The indications are based on GME swaps expiring 9 of Feb which also coincide with Ryan Cohen's standstill agreement ending.
Looking in the past, there were similar swaps expiring for Nov 12 ish. No swaps were found for the previous runs of Feb 2021, May 2021 and August 2021. This leads me to believe there's a possibility we might run around the 2'nd or 3'rd of February 2022 with a duration until the 9'th of Feb Max. After this we'll experience the regular quarterly opex run down from 14-17 of Feb and then a run up on Feb 17-23 maybe up to 04 March.
The chart i've posted here describes all scenarios i've mentioned above.
TLDR: Basically this is the bottom, so get March 04 near the money calls at around +5-15% from the current underlying spot price, or if you're a bit smooth, basically if the price of GME is anywhere between $95-$100, then get $110-$120 strike calls expiring March 04 as these are the optimal to let you reap the max benefit whether the price runs early or later around Feb 22. I don't like those Feb 25's because the theta on those is too steep. Additionally the March 04's near the money as i've mentioned are almost always slightly mis-priced / on sale by around 15-23% off their theoretical correct price as long as volatility isn't going nuts when you buy them during the day.
The trade:
If you're a regular trader, basically buy GME at the current price & set a PT of $175-$185 as a safety place. Anything more is a bonus.
If you're an ape, just buy shares, hodl, drs or whatever.
If you're a degenerate who loves options, $110-$120 March 04 calls are great.
If you're a proper degenerate who wants max profit & risk, then consider $175 Feb 04 or Feb 11 expiries for the possible initial run and or & $175 strikes expiring Feb 25.
I don't post on Reddit anymore because people there are crazy. There is money to be made in GME regardless of what longs and shorts want and they are in the form of the OPEX ineficiencies mentioned above & previously in my reddit posts.
GME: THE PRICE IS WRONG / CYCLE THEORY, WHY WE WILL MAKE A RUN First and foremost, credit to u/PWNWTFBBQ
Not financial or sexual advice.
GameStop runs on 90-day cycles, 17 day run-up, and is followed by a big red candle. If this cycle theory proves itself correct, the following dates we should expect a run-up would be:
Jan 26 - Feb 22
April 25 - May 16
July 22 - Aug 10
Oct 20 - Nov 10
Bullish Gartley With Bullish Divergence on $AMCAfter a Huge Bearish 5-0 Decline, AMC is looking like it's ready to attempt a recovery of some of the losses as we have large amounts of 4hour Bullish Divergence on both the MACD and RSI. We are at a Weekly Support/Resistance level and we are at the PCZ of a Bullish Gartley visible on all Timeframes; Assuming we can get a couple more Bullish Days from here we will see an eventual Bullish Crossing of the Daily MACD which could lead to a decent rally.
Some Loopring Hopium: $11-$15 peak of this cycleIn the past year, LRC has gone through 2 peaks and dips.
- Fib retracement puts top between 1.6 and 2 on the next peak
- Each dip crashes pretty extensively
- If pattern continues, next peak could be between $11 and $15 then crashing hard.
Caveats
- Different market conditions (very volatile, crypto is suffering a major correction)
- Price is hard to push up in higher Market caps (could only top at around $10).
- No GME, doubtful it has any momentum to reach there