DOGECOIN 420 on 4/20Im going long on this think it'll push at least above the 0 fib level to .48 and above, 42o
420
GRWG update 420 pump?$GRWG DAILY Chart
Holding uptrend line forming recent higher lows, possible reclaim of 50/ 20 day ema, 4/20 weed pump, marijuana legalization?
DOGE- Breakout in the next 24 Hours - What About 4/20?Situation : After a rather insane rise this week, DOGE entered a corrective pattern and is painting a descending triangle, or a very slight rising wedge. The market is still recoiling from its insane climb this past week, and whales are presumably still taking profit.
Note on Triangles : When you see a descending triangle pattern, it indicates that sellers are increasing in strength, and that buyers are weakening as they get pushed back against the bottom line/price in the triangle until the sheer volume of sellers overwhelms buyers altogether and the pattern breaks to the South.
Whats Next : As DOGE is in a typically bearish pattern and considering the week DOGE had, a bearish breakout -meaning it will break South of the triangle and fall further - is a reasonable expectation. This is a corrective pattern due to the market being overbought.
You can predict the extend of a breakout by looking at the length of the triangle at it's deepest and overlay that below the breakout point, or look for other strong supports or fib retracements. In this case I will be watching 17/18 cents as a reasonable target for the floor in a bearish breakout. This is invalidated if DOGE breaks North above the top trendline in the triangle. Failing that, the next (and stronger) value area is below there at 13 cents where DOGE has very strong support.
However - looking beyond charts , I think the memeability of DOGE, plus Elon's fondness of it, and with 4/20 coming up- it feels like this may be a prime opportunity for Elon or Snoop Dog or some celeberties to tweet something that goes viral enough to pump DOGE again. But this is highly speculative. But Elon does have a fondness for 2am stoner Tweets and I can't imagine he will let his adoring fans go without acknowledging them on this glorious holiday.
Whats Next : I will look for possible buy entries on a small bag of DOGE (for fun) around either 18 cents or at 13 cents on 4/19. Look for a strong confirmation that its a good entry, like a strong bounce off of those price points on a 15m candle. If it doesn't get that low we'll reconsider our entry target. Bear in mind that charting DOGE can be a gamble sometimes, one tweet from Elon will send it running up again. And there are whales out there with a billion dollars in DOGE who could also dump onto the market to crash price. So trade carefully. Also nothing can go up forever. This is not advice and DOGE is a highly volatile asset, risk management is always the key to trading crypto.
An idea for 4/20... What's everyone's opinion? Is the run over?Looking forward to seeing how this idea plays out.
Feel free to post any discussions below.
Good-luck fellow trading shibes.
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TSLA: $420 to $690 a share by March 1st, 2021In true Elon fashion, it would only be fitting for support at the infamous $420 mark to "Spring" with the ending of winter and put that magic in the air by hitting a new ATH and pop the $690 mark cherry by March 1st, 2021 and hopefully bounce off and correct from the 3.618 fib support level right at $700
Strong Entry Point for Amazon AMZN is looking like a solid buy right now for multiple reasons, so I thought I would list a few:
1) MACD is getting less red with upward trend and it looks like blue is about to cross orange.
2) Bullish divergence in the RSI.
3) We are just about the 200 day moving average, which serves as a support level and a potential stop loss.
4) If the market totally ****s itself amazon is not a bad company to have your money in for the upcoming/continual inflation.
Disclaimer: I am just another retard on the internet who likes gambling with his hard earned savings, this is not financial advice.
Aurora Cannabis-Bullish SetupConsolidating in continuation triangle. Looking for a push up to minimum $30 for first take profit. This is an option play which I may in fact exercise if successful as ACB is one of the stocks im looking to invest in for the long run. Feel free to comment/ask questions. Happy Trading!
ACB about to rocket upACB, another potstock, has a powerful 1-2-i-ii set up. In Elliot Wave terms, that's a rocket. It's an impulse within an impulse, so goes with the sentiment on pot stocks (very bullish). The red wave is the first impulse, with a green wave being the wave 3 of the red wave. Great buy here, with great risk reward. Green fibs target 20 to 23, then a retrace and finally 37 to 56. That would end green, and end the Red wave 3. Red goes on to 100.
TLRY breakoutSo after posting several TLRY charts with a consolidation pattern that offerred time to buy the pullback, TLRY breaks the 11.59 price level given and takes off. Currently at our 21 level, we don't think it holds and this will keep going to 38.25 at a minimum. Boxes shows price levels according to fib levels, but if a very strong wave could just keep extending. Keep your core position and trade around it. Or just dollar average the ride up. Will be a nice move.
OGI to at least 2.91Look at the nice steps for OGI. Should hit the first box at least to 2.94. Follow the yellow (orange) brick road to higher levels. This, along with the potstocks sector looking for a huge boost. Wait for legislation to be anounced for a major gap up. A lot of front running right now.
Big impulse wave ON BTCHello, this is Night.CXX CUMFYSEPIPIE! admin this is my trading view account. If you are foolish enough to know this is the next big money play as it is finally happening!!! THE ATH RUN RETEST!! IT IS LITERALLY CONFIRMED AND YOU ARE STUPID LIKE CHONKY IF YOU SHORTED THIS! FUCK YOU CHONKY!! YOUR RETARDED!! GO SHORT YOURSELF! ok! But anyway yea we stop run retesting it! This is not a fairy tale we won't just burst through this like it's nothing! IT'S ATH and I will hedge when it's there. I expect a huge stop run down if that even breaks it again.
**TSLA** REQUEST! AT THE END OF THE TRIANGLE Thanks to one of my new subscribers for reaching out! Here ya go! Sorry for the rambling! I have received over 58 invites via DM from bots
TLRY coming down, buying opportunityTLRY shoots up on election results, then gets a positive earnings report (they made money instead of losing!). As per our pattern, it is holding. Our wave 3 extended to 12.14 and now looks like it's in its wave 4, opportunity to add. 7.11 invalidates the pattern, so eyes on that level. Also looking for RSI to curl up and respect our line.
TLRY buy the pullback!TLRY did not disapoint and is now making a correction. Correction should be between 5.17 and 5.71, lower than that and would put the pattern in question. Also like the volume distribution in that level of pricing, should be great support. Buy dips or sell short term dated calls and collect premium!
$280 + Eth incomingEth Usd has closed above weekly Support
I am Active on low leverage with Targets + Stops on my Chart
I am looking at taking profit around $280 +
Where I think we are in the Cyclelast year when we touched a new 52wl the bullish rsi divergence was broken, but shortly recovered and remained on its path the stock gained 175% towards earnings. Could repeat imo. Not investment advice
CGC: Pot stocks likely bottomed, the last of the sellers soldI think #CGC is being accumulated as it bases sideways here, since most people probably sold after it bottomed recently. As pointed out by @timwest, tax loss harvesting might have played a part in the supply that came to the market recently, which should be over by today.
I'll be accumulating shares gradually here, currently bought a half position before the close today.
A fun fact, I calculated to risk 0.5% of the capital based on 3 times the value of the ATR indicator, which gave me a total of 420 shares per 100k in the account. :p
The long term trend has a failed uptrend that needs to be invalidated here, if it holds up and moves over $25-26 it will be a very interesting play during 2020.
Happy new year everyone!
$XXII Looking BullishSolid trading over the past few weeks setting us nicely for a leg up... Head and shoulders in place... Big resistance at $2.00... IMO we could move up to the $2.40 level... Some resistance at $2.20...
