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We have Bearish Divergence at the 50 percent retrace of a Potential Bearish 5-0 here and if this pattern plays out we will likely see AMC attempt to make a new lows below $32
Good morning Apes! This is a slightly retouched version of my last GME post. I noticed one trend line was slightly off and I corrected that mistake. As you can see since the first upbreak in January GME has been looking straight at the $500-ish area. I would guess, after every trend line confirming, that $500-ish is the price point that needs to be passed for...
So yesterday we saw a close breakout on the Technical Analysis. Unfortunately did not play to plan. What I do believe though is that we could see a bounce off of the 41.98 resistance line OR the Neckline to the M pattern seen on Monday (Blue Dotted line). With the direction going lower, let's remember that we are more than likely re tracing to a previous...
Quick little update for this week. Wednesday morning should be good. In the case we don't go back down to the downside. We should see a re-test of 46.88 and a bounce to the upside off that. In the case we do go below the resistance (46.88) to the downside, The bottom to that trend should be in the range of 46.08 to 45.31. IF we drop below resistance, what I...
Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be. Side Note: Still believing in the long term approach to my AMC Prediction. This post is a day to day break down on the 30 min.
Short term price movement should give us a test at 46.79 and then a break out to 53.76. Then, Retrace + Consolidation to 52.12. Finally, we wait and see what the chart tells us what the following moves could be. Side Note: Still believing in the long term approach to my AMC Prediction. This post is a day to day break down on the 30 min.
Keeping it short and simple. Called the 48.20 Top and based on the T.A. next hit is 56.95 and then a best case scenario retrace down to 52.07. After that were looking at a tap between 73-75.27 and retrace no lower than 57. My Prediction for the tap before flight is 117.65. The charts there, take a look. Happy trading and HODL at all cost's. Don't help the...
The mother of all short squeezes has just started and we think it will lead to a wave of liquidations, obliteration and bankruptcies of tradfi. We need to see the inefficient go before the new age can come into the foray. It looks like the short squeeze is ready to start from here it can happen before or after the crypto pump. BULL CASE Price goes to test the...
This may be a stretch but in theory it could work. What if we're still on the 2nd wave of this macro 5th wave cycle? What if the moves from 140-340 were just a complex elliot wave pattern inside of the true big boy one? Just a thot. If this ends up being true we could see a move past the ATH of 483 and then one more corrective wave before the big daddy 5th wave to...
For anyone who is unsure what is going on with AMC, I created this chart to help people better get a grasp on it. AMC is currently in the phase following a Death Cross [50 Day MA crosses below 200 Day MA) and where Volume has depleted. So it is currently dead in the waters. Until Volume starts picking up and we get a Golden Cross , there's not much to see here....
Intriguing.
In the image above there are some strong trendlines that pass through the yellow rectangle. Two are particularly strong, and two not quite as strong. The downward trendline cuts through the other three, and I believe one of those will be where we see a drastic upward movement. Why? It's a uhnch, really, but I believe that this is a heavily manipulated stock...
This tightening wedge on decreasing volume...I mean? How much longer can this go on? I know the markets can stay irrational for longer than anyone can stay solvent, but how long can the markets run on fumes and run the Repo market into the red simultaneously? This is going to get ugly.
I placed this line some time ago and it continues to be a significant trendline on the chart. Keep your eyes on this one.
Price is simply retesting $150. If it holds then the show goes on for a little longer. Chart pattern does seem to hint its squeezing into August/September.
great time to buy confirmed bottom. last time i buy 160, drop to 140 is better bottom. This time i think its 200 but 180 is better bottom. But i jumped the gun and bought at 216 bec of fomo! Now is perfect time to buy bro buy buy buy and get your NFT dividend next weeeeeeeek...