GME TRENDS AND PRICE TARGETS, WE LOVE MEMESIf you've been following GME with me, you bought at 12.5 and below last month.
Sell target 1 was 16.9, we came close but lost a tiny bit on the first topside pump.
We bought the dip around 14.02 and below, and we were looking for 18, 21, and 25 with small retracements in between.
I'm not sure, but per indicators, it seems we might see the higher targets of 21 and 25 before we see the retracement targets of 10 and 8.
Faster and steeper we go up, the faster and steeper we drop, so remember, the time to be flinging money in without much worry was under 12.5. Now, you'll want to be trimming profits and compounding. How much should you sell and when? Only you can make that decision. However, feel free to use some my price targets if you're struggling to set your own.
If you're new to trading or my charts. We usually buy and sell on the major trends, and use the breakouts as a chance to compound profits, or simply wait for the right trade to present itself, whether bull or bear. Just because we are selling at these levels in a longer term trade doesn't mean there aren't chances to jump into shorter term trades. However, USE caution at these levels.
If you're bearish on this stock, you want to see it wedge down, and if bullish you want the breakout to the topside.
I tried to make this chart as simple as possible.
Squeeze targets included, but be REAL, it's unlikely, and it will be fast up and fast down should it occur. However, bears need to be real as well and realize that some of those topside numbers are very possible.
Options get a little wild around the 26 and 32 dollar marks I believe. You only wanna play with weekly options if you know how they move in relation to the price or you'll get killed from theta.
Good luck!
Bust
"New bull market!" "Return to normal!" Bubble bust denial lolzFED "pivot" hopes won't die.
Bank collapses are "good for the stock market".
AI mania has the meme market looking alive again. NVDA, a company in which both revenue and earnings have dropped significantly over the past 3 quarters, is trading at 150+ P/E and 25xSales with a $666Billion market cap!
We're "back to normal" folks! /s
I LOVE how this classic Market Psychology chart lines up so well with the current NASDAQ monthly chart!
AAPLJust a matter of time before this one falls towards 100-120 range. Monthly shows poor action, other tech tickers look awful.. market should be in turmoil in no time and if not 2023 is going to start the year off just how 22 did.
Just yesterday there were outperforming ratings of AAPL PT $220!!!! They are straight baiting people , don't get trapped PLEASE.
Nasdaq on its way to 2019/20 high ?Is anybody with me on this one? Just throwing out this idea of a 5 wave downwards structure bringing us exactly on top of pre corona highs. Valuations would be insane when we would actually go that low. MASSIVE buy imo. Keep that cash ready, if you as me atm. I'm in 70% cash atm, rest is in beaten down tech/growth and some big tech
Stay safe
NASDAQ Bubble Bust DXY CorrelationThe market peaked in Nov and is in Bubble-Bust-Mode. DXY is breaking out upwards from a multi-year consolidation.
Looking back to the DotCom Bubble and comparing NASDAQ to DXY, DXY broke out near the equity peak and reached its peak when NASDAQ was near bottom of the crash. It's not a perfect correlation in shorter time-frames, but close enough that it may be useful on the macro time-frame.
If the current Asset/Big-Tech Bubble rhymes with history, look for DXY to continue upward into 110-120 range or higher over the next year or so as NASDAQ plummets back down to reality, e.g. somewhere around the 200 Month Moving Average. Then whenever DXY is crashing back down towards ~100 that may be a good signal that the bottom is in for equities.
An end in sight?looks like the downtrend is coming to an end. breakout or a retest of lower support?
sproachet.crypto if you mess with unstoppable domains.
Bitcoin Thanksgiving Sell OffWe are seeing just consistent sell volume on BTC today, as the market as a whole sells off a bit. Shaking out the weak hands near ATH is frankly not unreasonable to expect. How low the price goes is anyone's guess. I have been hitting some very small buys on its way back in the $16k range. Next chart will display long term weekly MA support levels, and following that pivot levels.
LTCUSD - Bounce or BustPinning the highs on a straight line against the lows oscillating around it produced this lovely, and very scary map.
What do you think? Will LTCUSD and the Altcoin market with it embrace disaster, or defy some Sine Law for a Christmas present?
I may be releasing my indicator at some point, but for now it's in beta going through some strategy testing and fine tuning.
TradingView rocks with webhooks -- if the fundamentals are there.
All Eyes on BTCGiven the skyrocketing manipulation we saw last year with $BTC, everyone's watching now to see where it will go next. We've got a few key areas we have to keep an eye on in order to make sure we catch the right wave. What I'm about to break down is just my idea and used for me to monitor and practice my technical analysis. It's not financial advice and shouldn't be taken as such. DYOR.
Potential Breakout Zone:
Highlighted in green, this is the area that needs to be breached in order for the bulls to take control. We're still in a downwards trend on the 8 EMA and the 21 MA on the daily chart and just confirmed another bearish trend in the 4hr chart. The yellow zone is the zone I previously marked of where I expect $BTC to fluctuate until we get closer to (the previous expected date) BAKT on the 12th. We have a few resistances to break through (4k and about 4300). Breaking above these 2 resistances and holding above them would be a great opportunity for us to shoot back up over 5500 or so where we found resistance on the daily.
However, if we can't stay sideways in the yellow, we'll have to hold our heads above water around the next 2 support areas ($3777, $3627, $3508). Based on fibs, the 3500 area is a key support/resistance area going back since June of '17. Breaking down below that would be some serious stacking opportunity and could cause A LOT of weak hands (and nonbelievers) to fold. I'm keeping my eyes on the 8 EMA and 21 MA along with these support and resistance lines to see what plays where.
If I were a whale and could manipulate markets at my whim, I'd delay positive news as much as possible in order to get fire sale prices and stack up for the next wave.
I'm just your average guy though. Til next update ;)