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Aresabi

[WSB] How to trade the GameStop Short Squeeze!r/wallstreetbets recently picked up the GameStop Stock (GME). Why? Because we basically have free money sitting here. GameStop struggled with keeping up with the growing digital gaming market and the price plummeted. With a strong focus on E-commerce, a strong brand with over 55 million PowerUp members and a solid team (Source: r/wallstreetbets "GME FULL STORY), we will most likely see further growth in the company in terms of revenue and stock price. I made this chart to verify important levels and an in depth trading-plan to reduce the risk as much as possible. Everything relevant is on the chart. The Cup & Handle Pattern is one of the easiest patterns to trade and extremly powerfull to extend a strong uptrend - which is highlighted by the Ascending Parallel Channel. Please make sure to place a Stop-Loss order and place your buy after the confirmation with a Breakout-Candle. Let me know if there are any questions and feel free to discuss in the comment section. cheers
NYSE:GMELong
by Anton_XBT
17
SHIB Back To Previous Support | 50% Profit PotentialSHIB is looking beautiful on the daily timeframe! The price is currently moving within a symmetrical triangle. The past month, the price has been accumulating in an ascending triangle, pointing toward a breakout as soon as the daily price action closes above the 0.00001200 level. The profit potential is ~50%, with the price climbing to the previous high as well as the previous support, which now might act as a resistance.
Long
by Anton_XBT
5
Over 10000% Increase In 4 Years? | Bull Market Yet To ComeIt seems like exchange tokens such as Binance's BNB, the MX token from MEXC Global, or OKB from OKX. All of them seem to perform very well, no matter where to rest of the market is heading. This is mainly due to the fact, that each of these tokens is the heart of the cryptocurrency exchange. Promotions, events, and even the salary of the employees are often paid in the said token. Binance is a perfect example of scaling a business in parallel to increasing the price of their tokens, for example with the help of burns and a fee reduction while using BNB. The same approach is common for other exchanges too. Another interesting perspective is marketing. Especially on YouTube, you will so a high appearance of these exchanges. Their business model is very simple, users generate fees by placing their orders. A cut of the fee (usually ranges from 30% - 70%) is for the friend, that referred the trader. The remaining amount is mainly profit. With increasing activity - hence increasing volume - there's more profit to make. And more money to put towards expansion. Having one of these tokens in your long-term portfolio definitely makes sense, even though some of us have issues with trusting an exchange after the most recent events surrounding FTX. Nonetheless, there are some candidates that have a proven track record of successfully growing their market share. According to that, you can observe price increases such as the one we're looking at in this idea. Feel free to do your own research and pick the best one. There are almost 700 different exchanges nowadays (with more to come). You can even build your own portfolio based on this kind of investment.
Long
by Anton_XBT
Bitcoin Price Prediction: Cooling-Off? | MA StrategyIn this BTCUSD idea, we're looking at the 1H timeframe on both charts. On the left side, you can see the most recent price action. We can observe some weakness at the $25000 level. We might retest this price multiple times, fooling retail traders into thinking that this might be the next leg-up towards $30000, but in my opinion, it's too early for that. Everything else is explained on the chart. If you like what you're seeing, feel free to Boost this idea and check out the stuff below :)
by Anton_XBT
3
Cardano At The Top | Short OpportunityDue to today's CPI data, the crypto & stock market reacted with some volatility. ADAUSD profited from this situation and maintained a strong upwards trend throughout the day. The price is currently in the overbought area and is already showing some signs of weakness. I took a short position one hour ago (10x) and I will keep this position for the next few hours. This should end up as a pullback instead of a trend-reverse, therefore my target is located at the previous horizontal resistance. My stop-loss is above the previous high - once we reach this level, we're likely going to see another high for today. Trade carefully. Also, feel free to check out my bio for my crypto trades. Cheers, ARESABI
Short
by Anton_XBT
1
Bitcoin Back To Key Level | Trend Change ConfirmedIn this idea, we're looking at the BTCUSD price in the 4-hour timeframe. The price presumably found its bottom at the $15000 to $16000 range. After quickly getting back to the Key Level, located at $20000, the price even managed to climb above this resistance. The top of this movement was found at the beginning of February with a high at $22400. The trend change was first signaled by a change of structure (from higher highs to lower highs) as well as break below the MA 50 & 200. Now the BTCUSD price is aiming for the key level again. How I trade BTCUSD: Trade #1 - Short Term Position: (Long) Duration: 1-7 days Entry 1: 21500 Entry 2: 21400 Stop Loss: 21300 Target 1: 21700 (take 30% profit) Target 2: 21850 (take 50% profit) Target 3: 21930 (take final profit) Trade #2 - Mid Term Position: (Short) Duration: 1-4 weeks Entry 1: 21800 Entry 2: 21900 Stop Loss: 22250 Target 1: 21300 (take 30% profit) Target 2: 20900 (take 50% profit) Target 3: 20500 (take final profit) If you don't have the time to manage this trade by yourself, feel free to check out my bio below this idea. Please always use risk management and keep an eye on the news :) Cheers, Ares
BITSTAMP:BTCUSDShort
by Anton_XBT
5
BTC & SPX Correlation: At The Top Of The RangeHere we're looking at both BTCUSD & the SPX. There's a strong correlation between the Bitcoin price and the stock market. Especially due to the current nature of the market: prices are mainly driven by fear surrounding inflation & interest rate hikes as well as a surging dollar. The thing that bothers me the most is the fact, that any big rally in the market will be suppressed by further rate hikes until we move towards 2% inflation. There are two more hikes for November & December (both likely to be 75 BPS each) and there is still enough room for another "crash" in the crypto & stock market, which brings us to the idea you're seeing here. I'm using a straightforward setup that consists of Volume, VRVP, and horizontal/diagonal trendlines. We can observe the price being rejected at the trendline, acting as a resistance. As long as the price is trending below the resistance area, we're still in a downward trend. The VRVP shows us further resistance at the most recent highs. Both charts also show a liquidity gap here, which came along with the relief rally a few weeks ago. The VRVP also gives us a hint for the local bottom, which is ~$19000 for BTCUSD and 3700 for the SPX. This is the current range we're moving in. The BTCUSD/SPX price breaking out of those areas (up or down) will result in a sudden & big move. A lot of market participants are waiting on the sidelines, ready to take action. In other words: there's no reason to take a short-term position. At least for now. I'm expecting the market to close with a red candle today. The following week, especially in anticipation of the FED meeting on November 2nd/3rd, will be more volatile and our local bottom might be tested again. I will update this idea on Monday. Feel free to share your own idea in the comments & also leave a Boost/Thumbs Up if you liked this idea.
BITSTAMP:BTCUSD
by Anton_XBT
2
A Comprehensive Bitcoin Analysis: What To Expect In SeptemberI use this chart for both my Spot & Future trades. Before I take any position, I look at the bigger picture and verify the general movement of the market. While to crypto market as a whole is moving in a primary upwards trend - with new highs every few years - the secondary trend tends to change more often. The way I understand & use technical analysis is to verify the changes in the secondary trend and manage my positions accordingly. Let's talk about the current situation: the Bitcoin price is moving in a downward trend. We can also see a textbook bull trap, and the price is aiming for our most recent low at ~17k. It is not the time to take a leveraged position. The risk/reward ratio is horrible, and people tend to gamble on "does it go lower?" (short) or "is it over now?" (long). But there are no consistent profits to make, just lucky punches. Anyway, we have another meeting of the FED this week. While we previously talked about an increase of 50 or 75 basis points, we are now talking about either 75 or 100. This is more of a mind game from Mr. Powell. The FED is not going to shift its balance sheet tightening anytime soon. And he wants everyone to know about this with his presence in the media (which I highly dislike). But: we have the tools to be still profitable. Use these lows to buy in the Spot market for long-term gains. Wait for clear confirmation of a trend change and prepare to take long positions along the line. The trend is your friend. Always.
BITSTAMP:BTCUSD
by Anton_XBT
5
[STOCKS] AMC Position Management (DCA)Hello everyone, I've been covering the AMC topic on my YouTube channel for over a year now. In the meantime, I came across many people who (unfortunately) have bought in at a relatively high price. In this idea, we're looking at the effect of Dollar-Cost Averaging your position. There are two examples here You've bought your first 1000 Shares at $35.96 ($35960) (1) You buy 1000 Shares at $10.39 ($10390) and end up with an average buy-in price of ~$23.80 (2) You buy 2500 Shares at $4.00 ($10000) and end up with an average buy-in price of ~$13.20 This is just an example. Of course, the numbers are individual. This method is essential if you want to break even or close your position with some profits. This also requires capital management and some spare money. If you're overinvested and have nothing left to lower your buy-in price, you need to stay calm & patient. While we're looking at the weekly chart, we see three reasons in this chart for a possible trend-reversal The price found support at $9.50, which is also the key level of the bullish pennant from Jan 21 to May 21 The Relative Strength Index (RSI) is printing a divergence. Buyers seem to be active in the market while the chart shows a lower low, mainly due to the recent fear & sell-off in the market. We've talked about the reasons in my previous ideas. The ADX indicates an absent trend, similar to the price action at the end of 2020. Sellers might be exhausted at this point. We could see two scenarios here 1. A retracement within the downwards trend to ~$19, followed by another sell-off and a lower low 2. A full trend change with the price moving past the $19 level and finding support here Both scenarios require time for confirmation. For now, I'm long and I'll add some more to my position within the next days. If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
NYSE:AMCLong
by Anton_XBT
1
What To Expect In 2022Here are some of my thoughts about the past two years, the current situation, and how we ended here. One thing is for sure - 2022 is going to be different. One of the main reasons for this is highlighted in the chart: liquidity moves from one market to another. The inflation is increasing and our portfolio value is decreasing. In bearish times, we have to adapt to the situation and customize our strategy. This idea is a very basic approach to aligning fundamentals & technicals on the chart. To round things up, I'm expecting BTCUSD to continue the bearish trend with the lower $20k range in sight. We need a shift in sentiment from a geopolitical & financial perspective in order to make new highs. What are your thoughts? Let me know in the comments.
BITSTAMP:BTCUSDShort
by Anton_XBT
16
[CRYPTO] Ripple XRP Finding SupportHello everyone, this is an update to my previous idea for Ripple (XRPUSD). The price took the red path and is now sitting at a multi-month trendline, which could result in a good opportunity for a long position. This mostly depends on the performance of the rest of the market - even though i think there's i not much room left (to the downside) for ripple. Below $0.40 i'll start considering long position in anticipation for a bounce back to the key level (purple area). If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
BITSTAMP:XRPUSDLong
by Anton_XBT
[CRYPTO] Ripple Preparing For A BreakoutI'm seeing a similar structure compared to the correction post 2018. Waiting for a clear break of the current structure which is forming a triangle combined with low volume & volatility. A possible break of the current horizontal support (key zone) could bring us to the $0.45 level, which is proper chance for a long positition. The targets are mentioned on the chart. Ripple is a mid- to longterm-hold. Just wait for a proper entry zone and forget about it.
BITSTAMP:XRPUSDLong
by Anton_XBT
3
[CRYPTO] Bitcoin Aiming For the ATH!The price is still moving above a multi-year support channel (green). Currently we can see Bitcoin approaching the key-level (purple), where we see a lot of volume & we can get a better idea of which direction the market is heading in the next weeks. I'm personally aiming for the ATH by mid 2022, followed by a bull run until the end of this year. An alternative scenario would be a lower high and further accumulation within a symmetrical triangle, followed by a breakout to the upside later this year. Either way i'm bullish!
BITSTAMP:BTCUSDLong
by Anton_XBT
2
[WSB] AMC is moving in a Cup & Handel - Targeting 32$We're looking at the 1 hour chart for the AMC stock price and things look quite good after the recent drop in the whole stock market. The previous downtrend was very intense and got extended by fear about inflation & the planned interest rate hikes throughout 2022. We saw the market bottoming out about 3 weeks ago. While the whole market is retracing, we see different patterns emerging among the many stocks we can trade. The AMC stock price is currently printing a Cup & Handle on the intraday chart. We could've spotted the trendchange for the stock price with a "change of market structure", a very basic but powerful pattern (covered that in one of my videos extensively). The price is moving from lower highs to lower lows within a downtrend. As soon as we see a change of structure, the price will aim for higher highs and higher lows. The circumstance is underlined by a rounding bottom, which forms the cup. What we want to see is decreasing volume during the downtrend & increasing volume during the uptrend. This translates to the sellers being exhausted and the buyers being back in control. The price is sitting right below a key level at 20$, which has been relevant for the past 5 years. We saw many support/resistance flips at this price level and the chances for breaking this level within the current upwards trend are pretty high. This price is the break-out level we're looking for. During the past trading-days, we can observe the price being rejected at the 20$ mark multiple times. Still, buyers manage to push the price further in this direction - which increases the probability for the breakout. I'm also expecting this price level to be an important support during 2022. When we're looking for a target projection for the Cup & Handle pattern, we measure the decrease in price from the breakout level to the bottom of the Cup (53.18%). We use the same size to project a target from the breakout level, which brings us to 32$. Coincidentally this price is also our previous high from December 2021 and the starting point for the downfall. We can expect some sell pressure there (traders breaking even or taking profit). I'm expecting the price to aggressively move towards the 32$ level within the next 3 weeks. Those 3 weeks are leading to the earnings, which are expected to be better than the forecast. I don't think that this is priced in yet and especially short-term traders will join the train for short-term gains. This additional momentum, combined with the option market/ shorts being liquidated, will fuel the upcoming breakout. Looking forward to it! I'll keep you guys updated.
NYSE:AMCLong
by Anton_XBT
2