We received a strong Buy signal through Crypto Tipster v2 recently, after drawing a few trend lines and support/resistance horizontal rays it looks like this triangular squeeze is coming to an end, a large breakout is iminent.
As we are already sat on a strong area of support, our thinking is that breakout will be in an upward direction, with the next level of...
DESCRIPTION: In the chart above I have included a MACRO ANALYSIS of LUCID that focuses on RSI AND MACD behavior in past SHORT SQUEEZE scenarios along with information on current trend and supply & demand pockets.
1. DEVIATION of 6 POINTS hence SUPPLY & DEMAND POCKETS.
2. DOWNTREND CHANNEL STILL IN PLAY UNTIL CONSOLIDATION IS CONFIRMED.
RSI: When it...
Last I posted on GME was In October - I pointed out it was an **obvious and typical** NinTendo pattern and of course it worked out.
I didn't follow up or anything as it fell from grace because why would I? DYOR or whatever. Well now I'm back from a rave roadtrip and I see that its ready to pop again:
Initial target 23.88 by 1/24/2023
Target 28.08 by...
If looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher.
In recent days I've noticed some unusual options activity in a...
Super self explanatory.
Check out my other posts to view my feelings on the GME saga and where I have stood. I’ve discovered some very interesting coincidences in the market all thanks to a supportive community.
I think it’s officially officially close to end game. I don’t picture her holding down past summer.
Good game apes, we won.
With a massive squeeze on 4 timeframes (4hr/6hr/1D and 1W), XLF is poised to make a big move (In the chart, blue candles are all TF squeeze candles).
Squeeze release is usually accompanied by a fakeout, so need to be careful there, but based on other momentum indications, good chance of this breaking up. Breaking up that RSI resistance will be a good...
I think the idea behind this trade is quite simple. Newer traders may get overly bearish following the downwards trendline, thinking short. This blindside bias may lead to quite a bit of trapped shorts, which may be squeezed if the market continues to show strength into the downwards resistance.
If you look closely, this is actually the first the the market has...
Setup: Squeeze breakout
Reward: risk: 5:1
Tesla has been consolidating and seems over sold to me. was waiting for confirmation and this breakout of the channel looks like the reversal confirmation we have been waiting for.
my only concerns in the longer term is that the overall market turns bearish and pushes it back into the consolidation...
I'm currently watching AUD.NZD 1hr.
I'm a big fan of Bollinger bands, and I use BB in my system. BB is currently in a squeeze, will price break up or down?
I think price will break to the downside, but let's see what price does.
Remember, get confirmation with more than one indicator and use proper money management.