WC: 26.40 Target: 1800-2400 MOASS: 47k-100K: Prepare YourselfWhat a WILD ride the markets have been on since Nov 2024 but more specifically the last couple weeks
All things considered GME has held up EXCEPTIONALLY well in what is an extremely uncertain and murky trading environment
So what now?
Now is the time to PREPARE and be sure you have a tight trading plan for what is most likely coming next: MOASS
I highly advise you revisit the below videos:
(listen to the piece on PROPER TRADING EXPECTATIONS)
P.S. Looking for THE CAT to make an appearance next weekend
GOOD TRADING TO YOU ALL!
GME trade ideas
WC: 23.49 Target: 1800-2400 MOASS: 47k-100K: IT BEGINS As the title implies I do think that what we will look back and call "MOASS" has begun..from a technical and market mechanics standpoint...
Technicals:
22 Level
Ive been consistent for weeks now in saying that 22 is essentially the floor.. and price has been absolutely respecting that general level
Temporary dips below dont invalidate as in my general view of TA it takes SUSTAINED lower movement (i.e. lower highs and lows) to truly invalidate a key structural level
Elliott Wave Count
From an Elliott Wave count perspective, price holding the general 22 level is a very good thing as that shows price is respecting the 05/24/24 and 08/05/24 lows which I am counting as the completion of important lower degree Wave 2's that I am tracking as part of the main macro count
SPX Synergy and Deviation
I ranted for weeks about the importance of Synergy between SPX and GME...WHEN IT MATTERS
I consistently said that there is no such thing as permanent negative/positive BETA..and that POSITIVE Beta is needed and will help FUEL the MOASS ENGINE..and eventually price would deviate and that GME WOULD BOTTOM FIRST...and thats EXACTLY what we have seen as of now.
SPX should be imminently close to bottoming as well and the subsequent runup we see over the next couple of months is what will provide major FEUL from a sentiment perspective to our MOASS ROCKET
MARKET MECHANICS
Convertible Bond Holders NEED price above 29.85 to realize profit
The shorts they put on that brought price down are to HEDGE their position (aka stay Delta Neutral) until that happens
They will ultimately close some or all of those shorts as price nears 29.85..but do be aware they will add shorts back on along the way as price retraces to hedge against any significant moves lower which will greatly increase VOLATILITY..and thats where the Arb Traders come in
The Arbitrage traders have been feasting on market volatility in the meantime..and they will continue to feast on any significant volatility swings
Margin Calls and Shorts Covering
Margin pressure is INTENSE right now across the market and Hedge Funds are feeling the pain BIG TIME...that means Legacy Shorts are too
I said a few weeks ago that the market in general was starting to see Shorts bail on positions and you can expect that to intensify as GME rises
www.dailymail.co.uk
www.reddit.com
www.bloomberg.com
Settlement Cycle Indicator
Tweaked the "blue lines" and modified it so that each settlement cycle has its own distinct color
Remember all of the lines are PROJECTIONS which means they are drawn BEFORE price even gets there
With that in mind notice how well they correspond with major changes in the price structure
Its not a crystal ball per se' but its pretty darn good as far as Im concerned (notice how it NAILED the April runup from last year- wish I had it back then smh)
As a reminder my final VIDEO updates will be on:
04/19
05/03
05/17
06/07
GOOD TRADING TO YOU ALL!!!
$30 imminent GME’s momentum is ROARING— Ever since the BTC news dropped GME has had significant volume front ran $27, flexed a savage pullback to lock in support, and handed us a golden entry last week. Went long and snatched shares at $24, $27, and $30—stacked for the next month’s fireworks. All eyes on BTC holding that weekly 50MA; if it cracks probably crashing to $60K+ to test support at that snooze-fest of a pattern. GME insider buys are screaming conviction. A dip close to $20 would be another gift. We are exactly at some weekly resistance and the floor could fall out of the market Wednesday with tariffs taking effect. Volatility has been off the charts across the board seems like the perfect storm. ANNND 4/20 is around the corner. “The most entertaining outcome is the most likely,”
Massive resistance ahead until 34.5$GME is unpredictable and in question of minutes all the resistances or even support can be destroy. This is the game. However, and although I know that technical indicators with GME use to be useless, is also true, that right now, there are massive resistance ahead with the 50 and the 200MMA.
It is only a question of time. I don´t know how much time... We could see 13$ again... or we can see a pump coming.
The reality is that until 34.5$ is not broken on the monthly, the continuation and the confirmation of an uptrend has to be waited.
No problem. We have time.
GameStop’s Bitcoin Bet Fails to Wow Traders. Can It Copy MSTR?GameStop NYSE:GME wants to jam Bitcoin BITSTAMP:BTCUSD into its treasury. But isn’t that a risky move that threatens to derail the video-game retailer’s finances? With $1.3 billion on the line, GameStop’s pivot to Bitcoin in efforts to revive its flagging share price may make things even worse. Let’s talk about that.
Desperate times call for desperate measures. After a couple months of speculation, traders’ suspicions turned out correct — GameStop is indeed adding Bitcoin on its balance sheet .
The company confirmed the plan in its quarterly earnings update released last week. That was all good — shares jumped 8% on the news and closed the cash session higher by 12%.
But these solid gains were not only wiped out — traders doubled down on the selling pressure when the shares crashed 23% a day later because GameStop unveiled a scary figure.
To make Bitcoin a treasury reserve asset, GameStop said it is seeking to sell $1.3 billion of convertible bonds , which will be used “for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop’s Investment Policy.”
What do these convertible bonds do? They’re essentially papers that certify you’ve given the company a loan. Usually, they come bearing some nice guaranteed yield, but in this case, the yield is exactly 0.00%.
Another string attached to GameStop's bonds is that they are due in 2030 and you can choose to convert them into shares, each with a price tag of $28.46, or you can take them out in cash. That’s one reason why the stock tanked last week — not too favorable conditions.
Another one, and perhaps a bigger worry for investors, is that GameStop’s net income will no longer be as secure as it’s been until now. More precisely, GameStop generates around $220 million in interest each year thanks to its holding of Treasury bills.
With Bitcoin getting in the mix of factors contributing to the bottom-line figure, things may spin out of ordinary. True, Bitcoin may go up in price and lift GameStop’s net income but it could also decide to nosedive for no reason and eat into GameStop’s profits.
Judging by the votes of the traders last week (if the stock market is a voting machine in the short term), they seem to believe in the latter. At least for now. But that's not a concern to the OG meme stock . Where it hopes Bitcoin will make a difference is the long run. Just look at MicroStrategy MSTR .
Strategy, formerly known as MicroStrategy , is the world’s largest corporate Bitcoin holder. Even more, it’s a Bitcoin hoarder, sitting on more than 506,000 Bitcoin, according to BTC-tracking platform Bitcoin Treasuries .
Strategy has been issuing debt to buy Bitcoin since 2020 and that’s the exact same thing that GameStop is doing. But there’s a key difference. Strategy has largely strapped its share price to the performance of Bitcoin. So much so that the market has been feverishly buying the stock as a way to get exposure to Bitcoin (on steroids). For GameStop, it’s too late for that.
Shares of Strategy are trading at less than 2x the value of its Bitcoin holdings.
GameStop, in contrast, has appealed to investors for its stack of cash (besides the speculative bonanza) with $4.8 billion in dry powder ready to be deployed. The stock is trading at more than 2x its cash holdings and the cash-to-Bitcoin conversion is likely to dent that performance and trigger some outflows. And that’s how the company puts its premium at risk.
So is it safe to say that GameStop is looking to spark a share-price rally by following MicroStrategy’s lead? Maybe. But the exposure to Bitcoin also comes at a perilous time for the cryptocurrency industry. Bitcoin is down 10% on the year and more than 25% from its all-time high of $109,000 to hover around $84,000 a pop.
Can the Bitcoin philosophy reel GameStop out of the slump? Or will it drag the bottom line and chip away at whatever’s left of the bruised valuation under $10 billion? You be the judge — share your thoughts in the comment section!
Trade the Yellow LevelThe Yellow Level of 21.37 acts as a key inflection point for GME since 2022.In May 2024, GME's stock experienced significant volatility (The Hiccup), closing the month at $23,14 - close to the Yellow Level. Similarly:
June 2024 closing price: 24,69;
July 2024 closing price: 22,67;
August 2024 closing price: 23,42;
September 2024: this is where things get interesting. On September 11th, the price was hammered below the critical support level of 21,37 - and spent 7 trading days below that level, then immediately reclaimed it on September 20th. This level was lost on 7th of October, an attempt to breakout was made in between 14th and 18th of October, and the price got hammered again. Another breakout was attempted on 25th of October and confirmed on 4th of November. It's been over that level until 27th of March, when a short ladder attack happened. The level held firm, briefly falling under 21,37.
The Yellow Level is crucial for GME:
1) The stock has tested The Yellow Level previously, making it a potential demand zone where buyers might step in. If it holds, a reversal upwards could be on the table.
2) If GME bounces off 21,37, it could trigger bullish momentum, pushing it toward 34,20 and higher;
3) If GME breaks below 21,37 and confirms it as resistance, it could go as low as 18,66
4) Trading volume always spikes around this level, it confirms that market participants view it as meaningful support. Check volume on March 27th.
The Yellow Level isn’t just a number—it’s been a decision point since at least 2022. How GME reacts here will determine the next wave of momentum, so watching for price action and volume is crucial now.
WC: 21.73 Target: 1800-2400 MOASS: 47k-100K: MOASS PLAYBOOK***I will be releasing a video either tomorrow or Monday. Had to have an emergency procedure on my mouth and am unable to speak clearly at the moment***
Convertible Bonds:
Immediately after the news was released I posted that the interest-free Bonds were a good thing as they were not immediately dilutive because Buyers need price to rise in order to see profit. The Bonds were ultimately priced at approx 29.85.
Why did the price decline so sharply?
In the words of Larry Cheng..Hedge Funds Gonna Hedge or in words Hedges would use: Convertible Bond Arbitrage. Simply said "Arbitrage" plays try to exploit mispricing between two or more correlated assets. In this case...GME Stock price vs The price of the Bonds.
To hedge against the risk of the Bonds not appreciating in value (remember they don't pay interest so they NEED the stock price above 29.85 to see profit) they enter an equivalent SHORT position to essentially make themselves Delta Neutral to any unfavorable moves in the stock price (aka they dont want to be exposed if price never makes it above 29.85 or sees sharp declines at a future date).
The mispricing piece of this comes from volatility and options values and would materialize as the price of the shorts converge with the price of the Bonds (the more volatility the more the potential mispricing and profit potential)
WHAT HAPPENS IF PRICE SQUEEZES THEN?
ALL short sellers are future buyers so they would most likely cover to possibly close the shorts, which on top of what THE CAT is doing could cause MOASS to be even GREATER IN MAGNITUDE...yeah this was a CHECKMATE of a move by Ryan Cohen and the board people.
MOASS PLAYBOOK:
I have been saying for months that I'm fairly certain I have figured out the exact timing of The Cats play. Without saying more than I'm comfortable saying its built around settlement cycles.
Everything I learned I learned from his tweets...literally EVERYTHING is there
And the kicker to all of this is that it works on more than just GME...as he has shown.
What you see on the chart is EXACTLY how MOASS will transpire based on what I've learned.
Could I be wrong? Of Course. You are responsible for your own trading so I would advise you to assume I am and TRADE WHAT YOU SEE...NOT WHAT YOU HOPE FOR
So I have now given you the EXACT timing as I have it laid out on my personal charts AND potential targets for a TOP
This will either be one of the greatest calls of all time or one of the greatest cases of SHEER DELUSION..I'm responsible for my own trading so I'm fine with either outcome
Good trading to you all!
I am Heartbeat Trading..Activist Short Squeezer
Stock Of The Day / 03.27.25 / GME03.27.2025 / NYSE:GME #GME
Fundamentals . The company announced a plan for a private offering of $1.3 billion in convertible senior notes, aiming to use the proceeds for general corporate purposes, including to invest in Bitcoin.
Technical analysis.
Daily chart: Downtrend. We mark the 4-month low - level 21.56.
Premarket: Gap Down on increased volume.
Trading session: The price began to tighten to the level of 25.0 from below after the initial downward movement at the beginning of the trading session. The price finally breakouts the level at 10:46 and consolidates above the level after several unsuccessful attempts. However, there was no upward momentum and the price returns and holds below the level of 25.0. We are considering a short trade to continue the downward movement.
Trading scenario: #pullback along the trend (#false_tightening) to level 25.0
Entry: 24.89 when exit down from the trading range below the level
Stop: 25.21 we hide it behind the high of the tightening structure and behind the round number 25.20
Exit: Close part of the position at the price of 24.03 when the structure of the downtrend is broken. However, then the movement continued. We can hold the remaining part of the position until the strong daily level of 21.56.
Risk Rewards: 1/6 (1/10 maximum)
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
GameStop Stock Holds 11% Gain Following Earnings ReportThe stock price has surged rapidly, nearly reaching the $30 mark, after a strong bullish shift emerged following the company’s latest earnings report. At first glance, the results were mixed: sales came in at $1.28 billion for Q4 2024, down from $1.8 billion in the same quarter of 2023. However, net income held strong at $131 million, compared to $63 million a year earlier. This disparity in results created volatility in the stock price. Adding to the bullish momentum was the announcement that GameStop plans to sell assets to create a strategic reserve in Bitcoin, which helped fuel the rally in recent hours.
Breakout from Bearish Channel:
The stock had been trading within a downward channel since early January, but recently broke out with a strong bullish move. The speed and strength of this breakout may lead to short-term selling corrections as the price stabilizes.
RSI Indicator:
The RSI line is now approaching the overbought zone around the 70 level. As price action continues at these levels, the market may be showing signs of imbalance due to excessive buying pressure, which could open the door to bearish corrections in the upcoming sessions.
Key Levels to Watch:
$31: A nearby resistance level, marking the highest price zone reached earlier this year. A sustained break above this level could trigger a strong short-term uptrend.
$25: A support level aligned with the top of the previous bearish channel and the 61.8% Fibonacci retracement. This could act as a tentative area for a short-term pullback.
$19: A distant support level, corresponding to the lows from September 2024. If selling pressure brings the price back to this level, it could reactivate the broader bearish channel seen in recent weeks.
By Julian Pineda, CFA – Market Analyst
GameStop GME Long - Plans to Buy Bitcoin Treasury $4.75 billion News release stating that GameStop plans to buy Bitcoin as a Treasury Reserve Asset, with a note that the company currently holds $4.75 billion in cash.
HA HA HA we will see more companies follow suit.
Initial Target Range: $80-120
2nd Target Range: $200+
Bullish GME.
Gamestop ($GME) Surge 16% in Premarket Amidst Earnings Beat The shares of GameStop (NYSE: GME) surge nearly 17% as the firm reported fiscal fourth-quarter results, which saw revenue fall 28% year-over-year to $1.28 billion.2 However, adjusted net income rose to $136.4 million, or 30 cents per share, from $67.7 million, or 22 cents per share, a year earlier. The earnings growth came as the company moved to cut costs.
GameStop (NYSE: NYSE:GME ) updated its corporate investment policy to include Bitcoin, sending shares higher in extended trading Tuesday.
The video game retailer said its board unanimously approved the decision to add Bitcoin to its investment policy, following reports last month that the retailer was considering investing in cryptocurrencies.
The announcement follows speculation about GameStop's crypto plans after CEO Ryan Cohen last month posted a picture of himself with Michael Saylor, cofounder of Strategy (MSTR), the largest corporate holder of Bitcoin formerly known as MicroStrategy. The price of Bitcoin was just under $88,000 in recent trading.
Shares of GameStop jumped more than 6% in after-hours trading Tuesday following the announcement. The stock was down about 19% for the year so far through the market close.
Where's GameStop Headed? Is there a future?Will the future revolution be tokenized? Is this a dying retail company headed for certain doom?
Seems Ryan Cohen has managed to turn around this company and the launch of GameStop NFT Marketplace trademarked under: "GMerica" The company is also now debt free and C is finding ways to take care of employees as well as bring value to GME
How does the market feel about NFT?
NFT - "Non-Fungible Token" which are unique digital identifier that cannot be copied, substituted or subdivided. Everything is recorded on blockchain used to certify ownership and authenticity.
- Transferable proof of ownership.
Potential Applications:
- Art
-Games
-Music
-Apps
-Movies
-Books
-Tickets
-Stocks - Potential to fix problems with Wallstreet. Can future trading be done on blockchain?
-Authentication
-Counterfeit protection
-Asset titles
- Loans/Mortgages
- 100% verified ballot voting
Let's take a look at the Elliott Wave Analysis:
Have you DRS'd?
GameStop Corp. (NYSE:GME) to add BTC as a Treasury Reserve AssetThe price of GameStop Corp. (NYSE: NYSE:GME ) shares saw a noteworthy uptick of 7% in Tuesday's after hours trading, primarily based on the news that the firm is set to add Bitcoin as its Treasury Reserve asset.
The asset bounced from it's psychological support zone aiming for a move to the $35- $40 price point. This move would be feasible if GameStop Corp. (NYSE: NYSE:GME ) shares break pass the $30 resistant point.
In light of that manner, GameStop Corp. (NYSE: NYSE:GME ) also is set to announced earnings report Tuesday, March 25, 2025, after market close.
About GameStop Corp. (NYSE: NYSE:GME )
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
$GME - More of the same weird stuffHi all,
More of the same weird stuff where GME has been showing signs of wanting to spike for quite some time now. Generally last week and especially on friday it showed parabolic upwards spiking which usually happens when a move is imminent.
If i was my old degenerate self, i'd be buying out of the money calls expiring this week, and i might just do that.
I don't have a perfectly locked on AI model for GME yet so i don't know for sure yet what's going to happen. My model is okay but not perfect, last i have is a signal from the 11'th saying to buy 22.5 Puts and although that trade did win temporarily by dropping GME to 21.90, GME is now at 23.00 so yeah... needs a bit more time to train.
Will update if i see signs of rejection/even more likely to pump.
No idea when it will pump but due to the parabolic way the data is moving, it usually means the move is extremely imminent e.g day/days less than a week etc.
Lets see. Will update once i have more.
Know it's earnings, but TA beyond cons and a beats fills gapAfter the gap is filled (27), we should see a swing movement back towards the current trend levels. The only object in the way of bearish sentiment is likely the catalyst to exceed expectations, which could be short-lived. Either way, we expect a bullish session only to concede to the continuing pattern of a downtrend swing into the teens. Very cautious!!!
GME Potential Pump to $180GME on the monthly chart is retesting support. It has a good chance of getting to $180 or so unless it breaks down here.
If it starts closing above 180 then it can go a lot higher. Very risky, and not financial advice.
Based on the chart pattern, I will not be surprised to see roaring kitty come out of hiding and posting something soon.