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Squeeze

TESLA, Neutral, Pivot Point bands. StrategyHello traders. It seems that we will dawn at a neutral point... prices in between the daily pivot point (PP) level (672) and weekly PP (688), the trend could be upward if prices do not go below 672, which could reach 712 to 754, but if they go down of 672, we could reach between 648, 624 and 608. Tomorrow we should review the progress. Pls don't forget we might have an Impulse of Friday's drop, which doesn't mean that the trend has already changed, we should expect to see progress tomorrow. We are still in a downtrend.
NASDAQ:TSLA
by Bekapc
BTCUSDT DECISION POINT COMING SOON.Important things to note: I do not to expect the bloodshed in the markets to end anytime in the near future. The credit market is still looking rough, inflation isn't great, supply issues continue. The Fed will need to keep a hard stance until they break something, or see inflation at a level they can deal with. BTC will stay correlated to QQQ until either it decouples via supply squeeze or market conditions improve. You should expect the fed to pivot eventually. I am not looking at alts at all until most likely 4 months from now. BTC is squeezing and it will either fall to the lows we have seen or push upwards towards 33k. The area of interest is where tons of BTC has exchanged hands. (80K BTC from LUNA). I am not trading these levels, I am DCAing BTC only, and some Tradfi stocks. Hey everyone! So I wanted to sit back and let the market soak in the last Fed rate hike and it digested it about as well as I imagined. With each rate hike, we have seen the markets convulse. This is mostly due to the credit market and it is stressed to say the least. Liquidity is drying up and when the Fed starts to tighten next month, it's going to been even drier than it is now. This is going to put tons of pressure on the credit market > which will put tons of pressure on the equity market > which will put tons of pressure on crypto. This is why I only expect the price to bounce around these lower levels until we see the Fed pivot (because they will have to). I am giving the Fed about 6 months until it has to skip a few rate hikes. Eventually they will be back to printing because that is their only option to keep the house of cards in place. BTC in particular will bottom likely near its cost basis of 24k (we have already gotten down to 25k BTCUSD), however it can revisit this level as many times as it takes. Something bullish to note is that 80k BTC (3B dollars worth) was dumped by the LUNA foundation and it was absorbed by the market extremely well. This has created an area of interest for me where there is a lot of gravitational pull. Price will want to go to this level, regardless if it goes down to 24 or up to 38, the area of interest will be hard to get away from in the short term. If you are wondering who is selling, it is mostly forced sellers (like LUNA), and funds that are rebalancing due to increased risk on their portfolios. This is why I am taking the opportunity to buy every BTC I can from them at these levels. That is my main focus for the next 4 months at least, then I will have my eye on alts. This is my personal timeline based on what I see in the market at the moment. I will continue to keep you all up to date with the market and I hope you enjoyed this chart! Thanks again everyone! So tell me what you think? Not financial advice. Do your own research.
by mysticalwalrus
12
BTCUSDT VOL SQUEEZE + FALLING WEDGEImportant things to note: There are actually reasons to be short term bullish right now, yay! Bullish Divergence is building right now on the lower timeframes. Falling Wedge should push price into my box. Watch for creation of inverse H&S on push up. IH&S would likely lead to retest of top trendline. Price is holding up well given the circumstances. Large buyers have been stepping in on spot. Futures still getting rekt. Likely covering spot purchases. On chain data shows very low supply. A supply shock would lead to a decoupling from QQQ. Macro situation still very uncertain. I am macro bearish until the Fed switches gears and implements yield curve control (which they will). Tradfi getting rekt hard. I do not see an end to the macro situation until the Fed breaks the credit market. Hello everyone! I hope you are all doing well! My last box was hit perfectly. It took a little longer than expected due to earning season for tradfi. I have some good news. I have been keeping my eye on supply and it looks very promising. So, we have large buyers stepping in on spot which is keeping the price from falling into goblin town with the rest of Tradfi. Futures are still putting a lot of sell pressure on BTC at the moment, but the spot buys are offsetting it. This is causing a vol squeeze which can either push price up or down. I can see RSI bullish divergence building on lower timeframes and we can see a nice falling wedge. I will be looking at the PA on the way up to my new green box. Specifically, I am looking for the formation of an inverse H&S pattern which would bring the price up to test the top trendline. Though I am short term bullish, I am macro bearish until I see the Fed pivot on their hawkish stance. The Fed is currently breaking the credit market, which is breaking the equity market. Eventually, they will need to reverse course and implement yield curve control to stop the bloodshed. When this occurs, the market will have bottomed and pump rather hard. I can see this happening in the next 6-9 months, so stay tuned. The good news is that if BTC can push itself a bit higher, you will not have to worry about BTC breaking 30k when Tradfi bleeds. I think the supply shock coming into BTC along with short term bullishness can act as a good buffer against the macro environment. This is bitter sweet for me because I would love to purchase more BTC on the cheap. I have been buying steadily since the last drop to 32k. I will continue to update you once my box has been hit! Keep an eye on the price action! Thanks everyone! So tell me what you think? Not financial advice. Do your own research.
Long
by mysticalwalrus
8
Great spot to play both ways slightly OTMI don’t usually use linear regression channels because this is supposed to be a stochastic process.. but they actually work well for near term moves especially when the price is sitting directly on center line - good chance it will visit one of the borders soon and if range is wide enough playing both sides simultaneously with OTM cheap enough that you can make good return if either border is hit. For AMC notice that the last touch of lower border was followed by small bounce to center and then back down. Since it could very easily follow that pattern in reverse (drop to center from touch from upper border followed by bounce to just under upper border) in a squeeze potential environment such as this I like 3:2 calls to puts. Not financial advice.
NYSE:AMC
by JabezDolz
Follow up to previous target reachedIn my last CAR post at end of March, “For our Sins,” I gave an initial target of 323. It hit that today. It got a re-impulse (bullish) or whatever you want to call it on the Impulse BF (I don’t even know the terminology you traders use, I just know how to make a lot of money sometimes).. I think it continues higher to complete the bear crucifixion . Next target 420. This is a ripe environment for massive squeeze, whole market is about to squeeze you can feel it in the air - CAR is especially set for this. Not financial advice. Sorry bears today ain’t your day but it will be soon... maybe
NASDAQ:CARLong
by JabezDolz
Buckle Up ButtercupI have been following GME forever. I have even gone to that little movie that was created to show my dedication. I have GameStop merchandise and clothing. I love this company. Lately things have been feeling different than usual, I still expect time to do its duty, as well as catalysts to potentially increase our duration at these levels as well. Soon however, GME will be more than a stock. Soon I expect large green bars. Soon. Buy. Hold. DRS. Want a choccy milky from the gas station to fill ur tum tum with num nums?! NO!!!! Because save $$ -> BUY -> HOLD -> DRS I LOVE YOU ALL GOODNIGHT (NFA)
NYSE:GMELong
by Trexarch
1
BTCUSDT Price Squeezing > Year OpenImportant things to note: Macro environment does not look great. Fed raised rates 25 bps (not a big deal). Fed likely will raise 6 more times however market likely priced in rate increases. Recession will likely follow, should be seen by Sep and reported on at years end. Commodity prices are flying. BTC supply low, demand is increasing. Volume increasing. Price has been squeezing and I likely see the price meeting the year open one way or another. Alts likely to follow price increase, however, this may be short lived. Hey everyone! So things are not looking bad for BTC in general, however the macro environment looks terrible. I do not necessarily think this is a bad thing for BTC though. I believe through this next year or so BTC will have its chance to show its worth as a hard storage of wealth. Right now the price has been squeezing for awhile. I figured BTC would have made its move by now, but we are still waiting for the big jump to the year open. I see two scenarios playing out here: 1 - price will fall and test trendline followed by a run to the year open 2 - price is squeezed immediately to year open. I believe the latter is most likely. There is a lot of things playing out at the moment and it is important to see how the price reacts to the year open range. Otherwise, we might see a lower high and more damage for the coming months. Right now, I am carefully hopeful short term and extremely confident longer term (until 2023). BTC is looking great from a supply side, however the demand needs to be higher. I think these uncertain times may play in the favor of BTC. Gold is set to make a push higher in the coming years and I believe BTC will follow in a big way. With a recession on the horizon, it is tough to guess how altcoins will perform during these times, however being conservative is always the best bet. BTC will be fine in my opinion. Thanks again everyone! So tell me what you think? Not financial advice. Do your own research.
Long
by mysticalwalrus
5
Cheap call options - Swing and Squeeze UpI am seeing about 27% short interest in FUBO, but I do not trade on this. My technical reasons are sound, and short interest may drive stock higher if it moves up. There is a large sell block today, 22k, at $8.03, which may clear this week for stock to move higher. Call options are very cheap so I suggest taking 14Apr and later expiry. This stock has not gotten attention yet (unlike other meme stocks) but I think it will. Buying here below 8 gives you a very low risk swing trade with a tremendous reward potential. Weekly chart > RSI and stochastic both are exiting from oversold levels and may see buyers in the next few weeks > Ovals highlight previous move up which could repeat, technically speaking > During price rise marked by oval RSI held over 40, so this this time with it coming from below 30 there may be more buying power > Set 8.40 alert - over this could see a sustained move higher Daily chart > Bullish divergence complete (green lines), followed by strong move over the downtrend line > Stochastic %K gave a warning for more upside price action (rectangle), and %D still has to move higher > Looking for RSI to move over 50 and stay, to support more upside > Green arrow marks a bullish 3 candle move that helped 10ema move over 20sma On 30min chart, 20sma is above the 200ma and the cloud. You can draw a support line from the highs on 18 & 23 March.
NYSE:FUBOLong
by OptionsRising
1
GME SqueezeHi - short and to the sweet. GME 50 EMA crossed below 200 EMA around 1/12/22. The last time the 50 EMA crossed above the 200 EMA was in 2020. Despite the short squeeze events, or whatever they were, GME has been in a positive direction for ~2 years. Right now we may be going through another short squeeze (you see it with AMC, TESLA, and a handful of other Wallstreet Bets stocks), but considering the recent EMA crossing, I believe that GME will start a downtrend as soon as the squeeze is complete. This is not financial advice, just an opinion. Please comment with thoughts. BTW - same thing goes for AMC. Not sure about Tesla, as it's an actual company with current applications.
NYSE:GMEShort
by GlebPetrov
AMC looking very bullish!NYSE:AMC 1 Day Chart EMA (Exponential Moving Average): 20EMA is yet to cross 50, 100, and 200 but moving towards the 100 TTM squeeze: momentum is up and squeezed. Fib levels: Currently launching off of the 0 level but still in danger. It needs to cross and hold the .382 level ($22.50) for the bullish pattern to continue (giving the market noise are calm). Candle stick: Bullish Pin Bar followed by a Bearish Pin Bar...This is indecision... Pattern: Bullish Pennant. Price still needs to cross the .382 for confidence and psychological continue momentum. It also has a double bottom which is a bullish pattern. News: Recently invested in HYMC History: It failed the last double bottom in Nov. 8th and crashed heavily. We have noticed a major reversal of trends for a lot of stocks starting Nov. 8th 2021. If AMC fails this double bottom, there are chances it could fall to $13.54. If it holds the bullish pattern, the next prices are $27.71 and $31.04 (both major resistant levels).
NYSE:AMC
by STAKKNATION