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Tell me how wrong my drawing is. GME discussionHi all, As some of you may know I am new to all of this. I have been a gut-trader for the past 2 years and back in December, I made the decision to try and learn how TA works. Now coincidentally, this happened to concur with the GME pre-MOASS/SS/Gamma squeeze taking off. I took this as an opportunity to draw on the chart of the most-discussed stock of the past few months. I know some of you say that TA is like astronomy when it comes to a stock this hyped. So please tell me what I did wrong and how you would've done things differently. I used the low of August as my starting point and used the ATH and the through afterward as points to base my trendline on for drawing the Pitchfork. For the Fib-Channel I decided to use the pivot point before the ATH in January and the lowest point in the trough that formed between the spikes in January and the one in March. Don't be afraid to express your opinion, even if it is a little edgy. I am open to a constructive discussion/conversation on why my 'analysis' is invalid. In the meanwhile, I'll continue to try and learn more about the wonders of Technical Analysis. Thank you for taking the time to read this post, I greatly appreciate everyone on the path to becoming a better financial decisionmaker. Best of regards, Arne. If this wasn't obvious to anyone: I am everything BUT a financial advisor and everyone should do their own research/DD before making any financial decisions. Investing in personal growth comes first to any other investment you want to make. A good education contributes greatly to making proper choices that will benefit you in the long term.
NYSE:GME
by ArneVda
3
Calm down, everything is gonna be OK (either 59.7K up / 50k dwn)Just learnt about Fibonacci retracements and I'd like to fill the ideas list with more bullish bullsh*t (pun intended). For the period Apr 19th - Mar 13th (catching 2 ATH's), I see the following levels: 0 43k - tested as support on Feb 28th. 0.236 47.6k - tested as support on Feb 23, resistance on Feb 26-27, support again on Mar 3 and 5-6. 0.382 50.4k - tested as resistance on Feb 24-25, Mar 1 and step on 7-8. 0.618 55k - support on Feb 20 and step on Mar 10 to become support again on Mar 12. The second series of Fibonacci is between 50.5k and 62k. I see resistance on 0.786-59.7k (Mar 18-20 and Mar 31 - Apr 02) and support at 0.236-53k (see Mar 16, 23, the dip on 24-26). Lastly, 0.5-56k seems a new support for yesterday. I will not blink until we break under 56k. I will not sweat until we break under 53k. And I will not stress until we get to 0! (Well really, I won't stress too much until 50k). And WE'LL ALL OPEN A BOTTLE OF CHAMPAGNE WHEN WE BREAK 59.7k! This is my first idea posted and this is my first time using Fibonacci things.
BITSTAMP:BTCUSDLong
by Why_would_you_need_my_name
StupidityHey, got a few thoughts about stupidity. I want to make an idea about logic too which is something I guess few people have, but it is eliminatory. For the idea about logic you'll have to wait. Here I will gloat about some very easy calls people disagreed with and have now been proven right, and I will also shame dumb people. Ah the sweet smell of victory. Now that the US election is over Black Lives Matter is complaining that democrats are ignoring them, they are not answering their messages, they are not inviting them to talks, and democrats are cracking down on "defund the police". It was so obvious this would happen. All the people that disagreed and argued deserve to be shamed, if I find one I'm rubbing it in their face. So obvious. Sanofi, the company famous for sending a dengue vaccine to the Philippines which resulted in the few hundred kids that took it dropping dead, has announced their covid vaccine would AT BEST be ready for the end of 2021. Meanwhile Pfizer vaccine that we know nothing about have started being injected this week. Pfizer just that performant, great job. Pfizer vaccine which the long term effects of are totally unknown has apparently made known the short term effects and correct me if I am wrong but I heard they were much bigger than usual and that it was worrying (lots of big headaches and more) oh and of course I already said it this is official infertility for women (and lactating women should not take it). But hey who cares about these small side effects we are too many humans on the planet right? Absolute braindead apes said so so it must be true. Bill Gates, a man that got lucky being at the right place at the right time once and stole an idea, then later one bought jpegs on the internet (genius!), a man that loses billions starting an idiotic business of buying paint pictures on the internet knows best. Also all the other scumbags that are ALWAYS WRONG ABOUT EVERYTHING. These guys are as bad as Roubini and just like Roubini they are persuaded they know best! Roubini gets invited to the Senate and they ask him for advice, a man bearish on Bitcoin since $10 and bearish on the stock market since 2009. This clown perma bear has a mental breakdown each time BTC makes a new ath and is constantly in denial and finding excuses. But at least he did not invest billions & all his time into collecting rare pepes. Other things on which I will be proven right with 100% certainty: A tremendous amount of people are too stupid to talk too. Studies and data meta analysis keeps showing that hydroxychloroquine azithromycin zinc reduces death but they're literally too stupid to even understand that sentence "ooga booga Trump said inject bleach", "I'm rly smart otorities sayed hydroxychloroquine no gud". NO ONE SAID ON ITS OWN. 1 paper claims that H+A + Zinc is 1.5 times as effective as H+A alone. Hydroxychloroquine is supposed to push Zinc into the cell. SO YES if you give yoghurts and peas to a patient or a glucose transfusion and no Zinc, the effect of boosting the absorption of zinc by HCQ is useless. I think these ape brains do not comprehend that nx0 = 0 no matter n. And paracetamol is more toxic... Another thing everyone just ignores is that we saw nearly everyone with a Vit D deficiency die and nearly no one with sufficient levels die... Vitamin D and Zinc make huge differences but they get completely ignored. Planet of the apes. Let's wear paper masks and avoid sunlight instead. This guy made an idea about how buying IPOS was dumb: Hey so today earlier, or yesterday, Peter McCormack, a guy that is what like 50? He's been in crypto for years and BTC is at ath. He took a loan where he says (if he knows how to count) "$46,250 loan today at 7.9% and bought 2.55 #bitcoin. By 2026 I will have to pay back $57,806.85." So... how... is this guy still poor? He is lying to bait people into doing this? People fall for this? Or is he actually broke and buying at ath and taking crap loans? According to the UK regulators crypto "investors" lose tremendous money. I would be willing to bet that me, a perma bear during the entire bear market, that kept saying BTC was a ponzi going to zero, and crypto is just a "seldom side hussle" for me, did far better on the upside alone, than all these Bitcoin obsessed fomoers :) But how are people so incredibly bad at investing? In particular short term. Crypto investors = awful. Stock investors = awful (thinking of tik tok & robinhood especially). Forex investors = 🤮 It's not about finding a secret, it's not about doing something special, it's about not making horrific mistakes and not being a complete idiot. Honestly I am amazed at how bad almost everyone is. Really you keep shorting up 300 points then rush to close it when it dips 50 points? Spend all this time chasing reversal then close at the speed of light the instant it starts to maybe reverse. It's not even a big move up then small down, it's a tiny move down, not even .236, like a micro blip. Losers are position trades and winners are scalps lol. They're all smarter than all the billionaires I guess. And they keep losing but they keep doing the same thing. It's just so stupid 😆 Hey did you know that Jeff Besos has a fortune of 200 billion? There are 7 billion humans. So he could give each one 1 billion and still have 193 billion left! He could end world hunger! - From a mouth breathing tik tok investor. People are saying "his heart is in the right place". Haha this is like saying a fat girl has a beautiful personality it's even worse it means it is so horrifingly bad you can't bring yourself to be honest. Believe it or not, according to Bloomberg wealth, the financial advice that goes viral on TikTok isn't always good for you www.bloomberg.com Before I continue shaming a few tik tok comedians, a quick break: Carlos Matos made a video recently. He is looking for women 25 to 35 to create a large bisexual love home. One tik tok investor thinks it is a great time to short the stock market. Why? Because the bank have no more money (you know, the bank that print infinite money and expanded MZM by 20 or 30% like it was nothing this year). Another tik tok intellectual says that hey it's to late to become a millionaire with just 44 cents through Bitcoin, but with Ripple, it is possible. Yet another tik tok scholar is speculating that BRK bought 15 million shares of Tesla. An 11 year old prodigee is certain EV are very early, EV is a revolution (has been for 200 years but I don't think he knows this), and price up up up. I better watch my back, young hungry tik tok geniusses are going to create massive competition for me, I am shaking in fear they'll take my place. A wise tik tok investor - that took an early moderna vaccine while being 25, priorities - teaches us that lockdowns don't matter to the EURUSD. The MACD matters, the ALL are bullish (someone told him they all give the same info?), his target? 1.60. Oh, I see Robinhood plans on making an IPO. Can't wait. A math prodigee is giving some advice on how to turn 1000 into 20,000: Nothing more simple! All it takes is use FAANG stocks to make 2.3% a day which is 7% a week which is 28% a month. Excellent math skills and genius trick, why did I not think of it?! Some amazing traders posted a video of them screaming after their ultra leverage options went deep into the red. Tik Tok is a goldmine of knowledge and higher thinking. I go watch each time I want to challenge myself. A brilliant financeer managed to turn his 25000 into 1 million great job! What he did was buy $25,000 worth of shares at $90. The price climbed to 130 so he is now a millionaire. Since $40 * 25000 = 1 million. Bam! Amazing logic & math skills. Do you need to be good at maths to trade? No not at all. But a whole lot of creatures are so unbelievably garbage at the most basic maths - or just thinking - they do not have the required math skill of about ZERO. Glad we got so many idiots to laugh at when markets are closed.
by MrRenev
4
Candle AnatomyDecided to start posting content. Going from Basics to more advanced topics, little by little. If you're just starting to learn how to trade, here's the first thing you should know. What's a candle? A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. -The candle has an open and close price point in time. If the movement is upwards, then the candle will close above its open price. Consequently, if the movement is downwards, the candle will close below its open price. -The wicks will show the highest and lowest prices in the market at that moment. -When looking at the market structure, it's important to look at the body of the candles, not the wick. -For identifying liquidity, it is important to look at the wicks. *The information I am sharing is mostly for new traders. *I am not Certified to give out any information, but I enjoy trading and enjoy sharing what I know as well.
UEducation
by irispao
1