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Superbowl

$MGM Heading for a Touchdown with the Help of the Charts!The $MGM market has gained attention due to the hype of the Super Bowl, but don't be swayed by the noise! The charts tell us that this market is on the rise, with resistance at $50 and strong support at $44. The charts never lie, and they say that $MGM is ready to make a big play. So, what did the charts say? They said: "Hold my beer, I got this!" Join us as we follow the $MGM market and see if it will score a touchdown with the help of the trusty charts. It's going to be a wild ride, but we're ready for the game! For Charts like mine Link in bio
NYSE:MGMLong
by ImmaculateTony
100$☑️ LUNA BUY ZONES - WAVE 5 TARGETSIn our last Luna analysis we predicted the rise up to $100 as our target using the first wave extension theory as the foundation of our ide as seen below Today we will be talking about our buy zones inorder to be ready to ride the 5th wave. As you can see from our fib retracement tool, We are currently trading above the 0.236 region drawn from the end of wave 2 to end of wave 3, however trading below support. Next area of interest will be the next available support @$38 region, touted as our last line of defense for continuation in the case of volatility in our original analysis. 0.382 Region is now our last line of defense, I personally don't see it going below the 0.382 region as it aligns with the bottom of our rising wedge pattern which looks scary btw. You can try your luck with orders at the 0.5 region but i don't see that happening. Take profit zone is at the $150-157 region, with our main target withing the Red Zone to complete wave 5. If you agree, pls leave a like and share your thoughts in the comments. Make sure to manage your risks.
Long
by RektMyMom
BTC Dominance showing the wayI still expect the Bitcoin dominance to rise further. "As always" pumps are initiated by bitcoin only first, with ETH and Alts following shortly after. I think BTC will pump very soon (within this week) Pumping the dominance up to my trendline, falling hard from there, due to an insane Altcoin season. Think this makes sense, with all the super bowl hype. Those people are now taking their time to research crypto, sign up to exchanges, complete KYC. All of this takes some days. Next Weekend I expect some fresh money coming in.
CRYPTOCAP:BTC.DLong
by maxwayne23
BTCUSD will Reach 29,500 & Bengals will Win the Super BowlTrade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
BITSTAMP:BTCUSDShort
by Michael_Harding
2
Bitcoin: Potential Wyckoff Distribution completedAlthough still continuing with an uptrend on the 4h chart, we now can see a clear Wyckoff Distrbution being completed for bitcoin which can be a signal for a significant upcoming drop. If this Wyckoff Distribution is confirmed with a drop within the next 24 hours, we can expect bitcoin price to go down and test support at ~39,000 mark. However, at this moment we are in no mans land for various reasons but specially because: 1. Wyckoff Distribution forming or complete, waiting for reaction 2. Potential golden cross between the 20 and 50 EMA forming in the upcoming hours. 3. Superbowl event is expected to have an effect as crypto commercials will take place which is a historical moment 4. Russia vs Ukraine geopolitical situation is one of the major factors to watch as any news regarding this can cancel all other signals. It is recommended for traders to refrain from any trades and observe a market trend shift.
by UnknownUnicorn35305092
BTC - The Battle Between Superbowl Bulls vs Inflation BearsSome traders are nervous following the release of US inflation data this week. The degree to which that was priced in over the recent months is unclear. And given how severe inflation is ( inflation growing at it's fastest in 40 years), means the US Government will need to respond with a faster taper, which can be bearish for markets. Also some nerves rattled in terms of Russia and Ukraine, but I'm mixed on that since Russia also recently came out fairly supportive of crypto. But with the Superbowl this weekend, bulls are feeling spicy . Some are hoping to see a little NFT action during the halftime show (half the presenters are active in the NFT space, in fact Snoop Dogg also has an entire DAO). Rumors also suggest some crypto commercials during the event, like Crypto.com. In any case expect volatility between the Superbowl bulls and the inflation bears. In the near term I would -really- like to see bulls hold the line here on the 12h 20 EMA (currently around $42.1k) but failing that, we have a psychological and key support level at $42k, and the 38% fib retracement at $40.7k, the psychologically important $40k support and the 50% retracement at $39.4k. ❧ What does Papi expect? I'm leaning towards a macro bullish continuation, for now, and expect we will hold at least over $40k. That said- the level of retracement in the coming week(s) will dictate if $30k or $50k is our next stop on higher timeframes. Dropping below the 50% retracement level starts bringing uptrend continuation into doubt and I will look for us to retest the lows from January. On-chain looks healthy enough with most indicators bullish or neutral, with signs of continued accumulation. From a pure price action perspective, nothing on higher timeframes looks worrisome and this retracement (so far) is actually bullish . But macroeconomic factors are starting to spook more investors, sometimes for the right reasons. And we saw a late week rally by the US Dollar Index which generally leads to crypto downside. ❧ Whats Next? We will continue to watch all of the above, but at this time I'm inclined to say we have at least a little more upside and I'd be surprised if the market didn't test $50k again, it not higher. But I also see a possible shakeup to -all- markets, depending on how the US tackles inflation and whether it's successful, so I highly highly encourage you to run stoplosses, trade safely and don't overextend.
COINBASE:BTCUSD
by 1BigPapi
6
SOFI Superbowl LVI hosted on the SoFi Stadium Two weeks ago you had the chance to buy SOFI at the SPAC price of Dec 2020. What a round trip it made! On Sunday, Superbowl LVI is hosted on the SoFi Stadium. It looks futuristic and will drive a lot of attention to its sponsor, SoFi, the online personal finance company that paid about $625 million for a 20-year naming rights deal. My short term price target is the $14.15 resistance, but it can easily go to $17, which is the Bank of America`s price target for SoFi. Looking forward to read your opinion about it.
NASDAQ:SOFILong
by TopgOptions
9
MGM Q4 earnings and revenue exceeded analyst expectationsThis stock has more than doubled since my first call: and now the American Gaming Association estimates that $7.6 billion will be spent in wagers on this year`s Super Bowl! That`s 78% higher than 2021. The record breaking year could mean a record price for MGM stock as well, now that MGM Resorts International is seeking more international exposure as well. MGM Q4 2021 Earnings: Adjusted EPS $0.12 vs $0.02 expected Revenue $3.1B vs $2.8B expected Las Vegas Room Occupancy Rate 86.0% vs 82.4% expected My price target is a double top at $51.20. Looking forward to read your opinion about it!
NYSE:MGMLong
by TopgOptions
BTCUSD: Pump Influenced by Crypto Super Bowl Advertisement RumorWhat is happening here you might ask? Enormous amounts of money have been rumored to be put into crypto advertisements for the Super Bowl. In my opinion, this is going to end badly after or during the day of the Super Bowl. A lot of the time, markets will be bought into when huge news is going mainstream, then sell off when the news actually happens. We actually saw this when Elon Musk appeared on Saturday Night Live. Bitcoin, most notably Dogecoin, had a massive upswing until the actual day the world richest man went on the show. This was of course followed by a massive sell-off in the markets by quite a substantial margin. Be careful traders, this one could be nasty if this indeed is a false break due to advertising of the Super Bowl.
B
by PierreFX
5
Ark just added DKNG; go longArk just added DKNG to its ARKK fund which is extremely popular in terms of inflows and performance. This should create a floor for DKNG to really start to build up its share price. With the support, DKNG should head towards $80 a share. Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting event of the year. They are going to knock the cover off the ball. Expect a lot of options activity around that time which should help to provide a slight gamma squeeze. Fundamentally, they are beginning to penetrate new markets and take share from the black market as more states legalize. It's truly all downhill from here from Draftkings. Best pureplay on Sportsbetting/Sportsbooks. If Ark and Cathy Woods a.k.a. the "Money Tree" are throwing their weight and reputations behind DKNG, I would NOT hesitate to follow. Buy under: $65 Midpoint to sell half: $80. Long-term price target: $100.
NASDAQ:DKNGLong
by EBITDAtiger
5