Hi Guys, Here's my thoughts on the near term for BTC. As we are currently rejecting the lower high of the of this local up trend I'm am hoping for a move down to around 31k ish level ( the -1.618 fib). If this happens it means we have the lost the 4hr support level of around 32.2k ish (-0.618). If we then find support at this 31.1k area I'm expecting a retest...
i think that gamstop could crash all the way to 65.80 i think gamstop will do something similar to what nokia did(nokia stock jumped from $2 to $50 and back to $2)
Apes will win. Not financial advice. (I'm retarded) Short float at 121.98% according to finviz.com
Execting panic selling to push the market in a violent down trend searching sell-side stops.
Only pattern i could find, we may see a breakout. the supports have hardly really been tested, not much of a pattern.
Okay, on a more serious note, if you have made life changing money from holding on to GME, for the love of god please take some profits. Pay your bills, mortgage, help out your family or someone in need. I am saying, nobody really knows where the top can be, or if the squeeze is even completed. For all we know Melvin/Citadel already drove the price into sub $100...
GME volatility is being confirmed, as the $215 support causes a 2nd reversal. It will probably take a test or two to break the $320 level but if we do, I expect the uptrend to continue.
Institutions driving the price down and deflecting attention to SLV. GME is still over shorted and will have to kick back from here. This is a risky investment but the potential returns are huge, therefore I recommend anyone with a decently sized portfolio to hedge by buying in with a small amount of shares.
Lines don't lie. Buy at support guys. Don't be pussies. I'm in for 200k on GME at 248 and 80k on AMC at 15.
The vix had a flare up from the mass confusion and frenzy caused by the huge short squeezes on AMC and GME. That is going to die down and continue to subside. As this subsides, the vix, a.k.a. the Fear Index, is going to steadly decline. Short the vix. VXX is a good investment vehicle to play the vix through.
Gold has moved within the channel currently in a bearish correction since last year and is currently forming a correction after an impulse. The next natural phase would be an impulse. Watch the fibs closely and see if there's any bearish patterns appearing on smaller timeframes. If you like my ideas, give it a thumbs up! Comment and let me know what you think.
Gold has moved within the channel currently in a bearish correction since last year and is currently forming a correction after an impulse. The next natural phase would be an impulse. Watch the fibs closely and see if there's any bearish patterns appearing on smaller timeframes. If you like my ideas, give it a thumbs up! Comment and let me know what you think.
so we are on 15 pre-market - dropped from 16$ this morning... our key number is 16$ - this is 1$ above most short entry positions we must hold that line. the POC - point of control - volume level - is on 13$ so this is a price target we shouldnt lose.the volume orders show that we are on 54M which in normal circumstances is good but not enough for this...