GS2C trade ideas
Cycle from 2019, to 2021, to 2023Most people knows History tends to repeat itself, but people usually goes and look for price path instead of looking at Indicators. Indicators can give you a better knowledge because their movement is contained within certain limits, of course I'm not talking about copy/paste past stuff into present stuff, but if you take a look you will notice it correlates very very good.
#1 boxes correspond to #2 boxes and we are heading into #3.
So, I made this chart for you. Based on the RSI and Stoch RSI indicators we can find the same patterns within the past few years and we can determine that this cycle has been active at least since 2019 (I didn't look too far in the past) but thats enough to determine the cycle is about 2 years long....
Something interesting you can notice it in the yellow square, if you compare yellow 1 and yellow 2, you will notice the price was supposed to climb above 250 but instead the price got heavily suppressed (capped??) and it didn't climb was much as it was going to do it. After that, it continued its path according to the past cycle.
Take a look at every box number 1 and compare it to every box on number 2.
Final conclusion: we are heading into maybe 1 or 2 months of a decline in price before going into continuos climb to the final launch.
PS: all of this chart and cycles stuff is not even considering NFT Marketplace launch or NFT dividend coming or anything else. IMO (very tinfoil, I proudly admit) RC is waiting for the correct timing to create the perfect storm and perform a Wombo Combo vs the SHFs.
PS: sorry for my english
Disclaimer: Not financial advise.
Gradually Shifting Normal Price HigherI think I see the plot here, idk just an idea based on Newton’s LOLZ:
The black dotted line around 140 is the “normal price” - just need a name to reference for the rest, calling it normal because Gaussian sounds lame. Yellow dotted lines are +-1 s.d., orange 2, red 3. GME needs to gradually walk the normal price higher to be able to trade at that level for a sustained period.
The previous pop back in March did not walk the norm higher, it just squeezed the FUD and then gave it all back and the norm stayed fairly unchanged.
Recent run tho is interesting, it’s actually taking its time and establishing a base at each successive level like a staircase. This current consolidation at the norm is attempting to change the norm by establishing a base for next pop to between 157 and 175.. it will likely consolidate there until high 160s become the norm, and then it will retest old norm for support before shooting for 175-193... etc, etc
When you play the Game of thrones you win or you Stop.
Home WreckerWhen I was a kid my parents and teachers used to tell me silly things. Like...
"You can't beat the system."
"Don't bet against the house."
...
"Pull your pants up."
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And I went through life... well, just playing video games and beating everyone on every system.
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And then I met GME... so now i'm going to beat the house, with my pants down, and I'm going to bet on it.
That pasted image of the weekly chart... look familiar?? HA HA HA
Sincerely,
Frank Underwood
P.S. this vision came to me in the flames within a dream within a shroom trip within a peyote trip at a campfire within a reservation where its legal (double combos everywhere)
357
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Watch GME for move back downIf GME stays below 132, or if it spikes higher and reverses down back below 130, it will likely move down to 90 area. It recently rejected from 200ma which is why I am leaning bearish. I will look for 10 and 20MA's to turn down and indicators to confirm.
If GME gets over 132 and holds (will use 30min and daily charts) then I will not buy puts.
Playin' hard to get...Ok whatever, change of plans, still moon just different path to target and revised target... what do you expect? This is GME.
I said everything I want to say on the chart, I'll probably have to file bankruptcy now but probably not. It's not about what I want, it's about what GME deserves.
Yours truly,
Hobo
GME: 50% run to $176Hello everyone,
Sierra here, we sort of filled the gap @114, and the only remaining gap left is @90. To fill or not to fill... is the question. The feds printing money tomorrow so we'll see how that will play out as it usually leads to a rally. I'm expecting us to at least touch 138 tomorrow and then red going into Friday and possibly early next week. Potential fireworks going into next week!
Not financial or sexual advice. Good luck apes!