📉 GameStop Major Volatility, Grows 551% Ahead of CPI = Bearish
➖ GameStop (GME) hit a low 15-April 2024 and has been green since.
➖ Bitcoin (BTCUSDT) can be seen turning green today.
➖ Today is the release of the CPI numbers.
➖ GameStop (GME) grew by 550%+ in a little under four weeks, which is amazing growth. We can see a huge gap that is likely to fill next and medium-size, yet above the weekly average for the past 3 years, trading volume.
The CPI dynamic vs major markets is quite easy to predict, how these numbers affect the market?
➖ Some people swear that these numbers are the main force driving everything in our lives including the financial markets. Depending on what these numbers read, our life materializes... Not me, many people think this way.
➖ Others think that the CPI has no effect on Bitcoin and some of the financial markets as a whole. These people see the CPI more as a symptom rather than the cause... Not me, many market participants think this way.
👉 When the market is set to move higher before a major report release of this kind, there tends to be a drop before the release of the report. The release of the report would then match market sentiment and expectations and we see higher prices. Higher prices is normally preceded by a drop.
👉 When the market is set to move lower before a major report release of this kind, there tends to be a rise, a very strong and unpredictable rise in most cases, in price before the release of the report. Once the report is released, market sentiment changes and the market turns the other way.
It is possible we are seeing this major bullish action on the GME stock because the market is set for a major correction a few hours or days after the release of the CPI inflation numbers.
Namaste.
➖ Bitcoin (BTCUSDT) can be seen turning green today.
➖ Today is the release of the CPI numbers.
➖ GameStop (GME) grew by 550%+ in a little under four weeks, which is amazing growth. We can see a huge gap that is likely to fill next and medium-size, yet above the weekly average for the past 3 years, trading volume.
The CPI dynamic vs major markets is quite easy to predict, how these numbers affect the market?
➖ Some people swear that these numbers are the main force driving everything in our lives including the financial markets. Depending on what these numbers read, our life materializes... Not me, many people think this way.
➖ Others think that the CPI has no effect on Bitcoin and some of the financial markets as a whole. These people see the CPI more as a symptom rather than the cause... Not me, many market participants think this way.
👉 When the market is set to move higher before a major report release of this kind, there tends to be a drop before the release of the report. The release of the report would then match market sentiment and expectations and we see higher prices. Higher prices is normally preceded by a drop.
👉 When the market is set to move lower before a major report release of this kind, there tends to be a rise, a very strong and unpredictable rise in most cases, in price before the release of the report. Once the report is released, market sentiment changes and the market turns the other way.
It is possible we are seeing this major bullish action on the GME stock because the market is set for a major correction a few hours or days after the release of the CPI inflation numbers.
Namaste.
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🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
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Most of the trading that goes on through these markets is executed using computer programs (algorithms and bots).
Most of the trading is based on a well defined set of rules and mainly trend-following systems; these days people want to trade hands-off, specially the big players.
Professional traders have access to all sorts of statistics, data, and information the public has no way to gain access to.
When a stock is moving in a certain way, professional traders can know the reason why —fundamentals, and knowing these reasons they can move/act in ways to profit from this knowledge.
Most of the systems follow a trend in order to executive their trades and signals.
Here GameStop has been in a very long downtrend, for years.
All systems traders, trend-followers, are likely riding the wave hands off earning big... And then comes the price shock.
All systems breakdown and tons of mixed signals start to show up.
The reason why a price shock happens is to beat and defeat the bots.
The market fools the fishes but the whales, the exchanges, the institutions and the bots, also have to work hard to profit... There is no free meal, if you want to make money, you have to work.
Namaste.