$TAOP STRONG CLOSE!!! ;) -Traded this in the morning on friday but this failed to breakout that $4.25 wall that's #1 so the momentum is there but volume needs to kick in
-As we closed on friday we had a very strong close and candles like these don't get left hanging
-Tis is very strong resistance think of it like a rubber band the more you test its resistance the more it will shoot.
-This has massive potential you now the worse that can happen is that this is a pull back to more lows... set a tight stop play smart... theres basically no loss as long as you manage it correctly
Shortsqueeze
Buy the rumor... sell the newsBITFINEX:BTCUSD is coming off its rally now on the denial from Amazon NASDAQ:AMZN that it will not accept Bitcoin. Prior to this the run up has been labeled a "short squeeze" as that term has become all the rage in 2021. It did in fact qualify as one seeing as how over 60% of leveraged short positions have cleared out in the bullish move.
From a contrarian perspective... clearing out the leveraged shorts actually increases the probability that a break of the consolidation lows (sub 30k) will induce a violent "long squeeze."
Massive naked short position about to be unleashed for $GTIISome great news for the company and a great chart setup will carry this much higher. The company is literally doing everything they can to make this squeeze happen. Some people think it can make a move similar to Gamestop. Look for a breakout above the wedge.
ISR BULLISH 10 dollar targetISR pumped before nicely it is showing a typical short squeeze pattern. i see 10 dollar targets easy
🔥 Bitcoin Short-Squeeze Triggered: What's Next?Yesterday I made an analysis on Bitcoin's near term outlook. Here I argued that the outlook was definitely bullish and a short squeeze might be triggered since so many traders are shorting at the moment.
Against all expectations, last night the short squeeze triggered, and we saw a massive increase in price. For fun, take a look at what happened on the BTC futures chart below. A 22.8% increase in price in 1 minute, this can only happen during crazy amounts of stop-losses being hit and liquidations.
Like yesterday, I'm still bullish on the short term. Point of interest is the fact that we're currently seeing 6 green days in a row. The last time we saw 6 green days was during the massive run up early January, so it's to be expected that BTC will need to cool off a little in the near future.
The most bullish scenario would be for BTC to decline between 3-5 percent, and bounce off the yellow area of minor support.
Thereafter, 40k-42k are the new major resistances. I'm not expecting BTC to hit this area again today, but later this week we could definitely see a 40k Bitcoin.
Happy trading!
I told you soAt least on Binance Futures such a candle was possible. It's called short squeeze and happens if bears have to close their short positions, often induced by a cascade of triggered stop losses. Do we have finished the accumulation this time and start a new sustainable uptrend? i don't think so. Daily closes above $43k and a retest of the accumulation range would be needed in my opinion. Still, having a $5k candle on spot could be a strong sign, that demand is back and we go higher from here.
PAAS Overview- Very large weekly flag.
- Mean reversion trade is possible down here especially with that MACD divergence in formation.
- Might look to take a trade tomorrow in our premium room.
- If not then I will be looking for the breakout of the $40 region in order to look for a momentum trade with profit targets at $55 and $70 per share.
$CLOV short interest still high above 20%. Pre-earnings pump?CLOV (Clover Health) short interest has dropped from the 40%s to the 20%s, which is still relatively high. The technical setup here is optimal after $CLOV fell to 4-month support. I'd still like to see more volume here but we could see a quick pump to the $10 mark pre-earnings (August 11). Following the unusual options activity 32,000 call options expiring Jul 23 were opened at the $9 strike price today.
I Miss All The Fun 😭LOLYa, umm what to say? What to say? Agree or disagree you likely are still simply going to see another 80% dump or more.
Extremely amusing to watch a familiar pattern of behavior repeated one Cryptos now on Meme stocks. So! A repeat of (FILUSD, DOGEUSD, ETCUSD) & More than I can keep up with? Oh and if I didn't make myself clear now I will take the opportunity now to say "Down" . LOL
"I personally feel that buyers are going to increase their exhaustion buying (Dumps Not Dips). Free money maybe isn't as free as first perceived also it may not hit accounts fast enough for the little guppies to nibble up all the Whale crumbs as things sink down toward the inevitable abyss."
(What 💎👐 People Say) "Story, story, narrative, talk, talk..." BLAH! (What People Do) "Umm Ok yeah whatever I am still selling." What's next? 3...2...1... "Realized Gainz" LOL
What are your thoughts? Is it bad that people like to realize gains and say "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to take profit and even short??? LOL (Much Wow! So Evi!l 😈)
No Advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" and now lightly dipping into some stocks since Ding Dings are flopping into MEME Stocks.
Things 🤷♂️ #Fixed IDK Protect Your Neck!
🙏 FOR JUST A HEALTHLY PULLBACK!
""KEEP CALM AND MANAGE THY RISK!""
I am The CoinSLayer 👨💻😈
Sundial Growers Undervalued | Bullish FundamentalsSundial has had improved EPS (still not impressive atm) BUT, the street has given it a $2 valuation (DYOR) at the least and it's a behemoth of cannabis stocks. With the fed ban lifted now, this should open the market up considerably and SNDL, with several hundreds of employees and tons of cash, this is something to watch. The technical indicators are more for my own personal interests in this (yes I'm holding). One last thing, there's considerable shorts sitting on this from what I've heard and there's a TON of chirp across the chat space so do some digging and you'll come to the right conclusion. As always, not investment advice and again, DYOR. Good luck!
$SGOC EASY PLAY!! STICK W YOUR STRATEGY-Watch for the break from this consolidation
- easy pennant pattern play we might see some more consolidation on Monday then break out
- Gotta plan out all the scenarios possible now this can end up tanking if it breaks down or it can consolidate into a dead cat bounce
-BUT volumes looking healthy for next week so I'm in as long as volumes there
SXTC GOING CRAZY!! Shorts trapped!!!!!!So this is the name of the game for short squeezes… I’ve been scoping SXTC 2 months ago and I noticed the massive short float percentage which was at 23% now the short float % is at 5% bc those shorts are getting covered it's only a matter of time for SNDL AND QS TO pop so hold patiently when your playing short squeezes
A few key things to look for in this set up:
-bull flag pattern
- massive consolidation which will lead this to squeeze harder and trap shorts for a higher move
-Above 2.30s is our conformation for the breakout
- Now take profit when necessary look for signs of reversal for a safe exit
PT 1 = 2.60
PT 2 = 3.49
PT 3 = 5.16
BTC - Wyckoff Accumulation seems to be happening. A recent 50% drop, Elon's tweets, massive head and shoulders and a death cross make everyone turn bearish as a result Fear and Greed index dropped to 14 last week, meanwhile big boys are reaccumulating. If you look at CME BTC chart you'll see an almost perfect (AR, automatic rally should be lower then the next HH) Wyckoff Accumulation happening on all of the time frames from 3h-12h. If it plays out it might give some fuel to the short squeeze that many expect. Even if we are in a bear market there will be bounces on the way to the bottom and the current set up might actually provide one.
$QS!! 1000% RETURNS... WATCH THIS SHORT SQUEEZE **High Watch Alert**
-Getting into some longs this thing squeezing hard AF here's a few things to look at:
-massive squeeze on the daily meaning we need to look for long contracts
- 15% short float
-above $32.05 is the green light for us but I am scaling into long positions.
-the bounce can possibly take us to new highs but this needs a little more time to pop
-I'm getting in while I have the chance
Shake and BakeLow volume, false breakdown (shakeout) will be followed by epic short squeeze. Past weekly volume was lowest since October 2020 meaning institutions & other large players have stopped selling. The more recent decline has come from short sellers and retail. This is a bottoming process.
Many other altcoins looks to be in the depression phase of the market cycle w/ similar bottoming processes. Bitcoin needs to breakout towards $38K and we'll have liftoff
GME Gamestop Strong Support AreaGME Gamestop lost some traction on WSB recently, which made me think about a possible retracement to a support level that i might considering reentering this stock.
And that support is around the 130usd area!
I am looking forward to read your opinion on where GME Gamestop is heading now!
AMC Entertainment retracement levels for a possible bounceOn the chart you can visualize better the 2 Fibonacci retracement levels from where we can see a potential bounce up and the strong support in the 16usd range.
All retracement have also the price targets on that arrows heading up after reaching the various support levels.
NAKD Naked Brand Price TargetNow you can buy NAKD Naked Brand now cheaper than the institutions that made $100 Million Private Placement at the price of $0.93 per share.
My price target is 1.2usd, with a potential to go to 2.5usd.
$SNDL 1000%+ GAINS COMING UP! -first pennant pattern we got 120% returns on the $1 calls
-now we are squeezing even harder
-Good thing to notice is that the bearish cloud is starting to get thin (weak) so now were more susceptible to reverse
- SHORT FLOAT at 13.7% which is super high allowing it to form a short squeeze
-Also we broke the downtrend on the daily so we should start to see this pick up soon
- beware of a false breakout it can go both ways
-wait for volume to pull in
AMC: Two Bullish ScenariosHello Traders and Investors,
A lot of people are hype about AMC. Taking a quick glance at AMC, I noticed a very nice setup happening and it intrigues me a lot. There are two bull trades coming up; indicated with blue and green lines. I am waiting for a breakout to happen to take the trade.
I do have a small long term position on AMC as I think it will get to $220 eventually once the squeeze happens. But in the mean time, there are a lot of trades to be taken in a volatile stock when the opportunity present itself.
Check out my long term post on AMC and why $220 is my target.
Let me know what you think.