Don't be that guy who misses out on the squeeze because you were too patient waiting for a dip.. it's unlikely we'll see a downtrend anytime soon. Germany just took this STONK to $30.45! Prepare for higher-highs and higher-lows. LET'S GO AMC!
With how volatile AMC is right now, technicals aren't always in our favor. It's likely we will see one of two scenarios happen tomorrow.. Diamond hands & FOMO would be the reason we end up GREEN tomorrow. Paper hands & FUD would be the reason we end up RED. Pick your pick.
AMC looking to break resistance at 14.54.. it's likely the hedge companies will do everything in their power too keep the price under this level. Would not be surprised we trend sideways for a day or two. Once resistance is broken and new support is established we could climb to $50 very quickly.
If we take a look at the January chart, we can see it took AMC about 3 days to reach $25 from $5. That is 5X!
Volume on January 22-27
22nd - 265 m
25th - 434 m
26th - 393 m
27th - 1.2 b
Volume on May 13-18
13th- 294 m
14th - 206 m
17th - ?
18th - ?
If history repeats itself, AMC would reach $50 next week. And this would just be the start.
Bitcoin has been consolidating for quite some time now. I think we can see it trace back to the 40-41K area before reaching new ATH. Price target is 40K in the short term. Summer time seems likely for Bitcoin to RIP past 75k level.
Ignore the FUD!! The shorts are running out of ammo, this is their last attempt to try and take us down by spreading false information to make you sell! Holding is our best weapon. HODL and I'll see you in at the BIG squeeze!!
A pop can happen any day now.. Institutions are buying, Bitcoin & ETH are rising, Earnings are coming.. SOS is undervalued, and needs to be trading along the side of his younger siblings MARA & RIOT. A large volume spike can send SOS to new ATH.
We've been at a steady growth this past month.. not saying history repeats itself but it looks like we're due for a breather. With SPY hitting all time highs, I can see us testing the 42 level mid May.