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Gamestop

GAMESTOP - A Simple Breakdown Of The Waves - The Trend Is Over In this video I explain the waves in GAMESTOP and how this was simply the end of the trend. Even with limited chart data its not hard to see what caused this. If you have been wondering why this and that well it's really quite simple. Below I will link some related ideas so you can see how the waves are all that matter. The waves are in essence based on human psychology and repeat at all degrees of trend. When you learn the nuts and bolts of how it all works then it is easy to see how they can be applied to ANY chart. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
NYSE:GME
by AriasWave
GameStop The bears are winning the fightThe GameStop company, a chain of video game and merchandising stores, has been in the news for a few days due to the spectacular rise that its shares have experienced on the stock market. But what happened? 1.- After the rise in GameStop shares are individual investors grouped in the WallStreetBets forum of Reddit 2.- Large investors were shorting GameStop and decided to take advantage of it to buy shares in the company. By investing in these stocks, the price started to rise very quickly. 3.- Began to buy back the shares they had sold to minimize losses, but that only caused the price to rise further. This is known as a short squeeze. 4.- As of today, February 5, 2021, the stock price has dropped. This has caused people who bought shares at the highest point of their value to lose a significant part of their investment due to the drop in price. If they like me, reward me with a like or coins tradingview
NYSE:GME
by Daniel_Romero
19
ALERT - ETH Ready To Explode Higher This WeekendETH reached ATH yesterday of $1699 and has seen a healthy retrace back down to the $1556 level. Now ETH is forming an inverse Head and Shoulders pattern, and getting ready to explode higher over the weekend to reach $2K, before the incoming CME launch on 2/8. Meanwhile, ETH is about to explode higher GME style, as a growing number of options traders are sitting on large unrealized losses following Ether’s (ETH) latest price surge. Pankaj Balani, CEO of Delta Exchange told Cointelegraph that he has observed “a lot of naked call writing activity in ETH for deep out of the money call options all the way up to $2,000 and $3,000 strikes.” A call option becomes deep out of the money if its strike price is significantly above the current price of an underlying asset — in this case, Ether. Balani said: “As price surges, short call options positions are resulting in heavy unrealized losses, forcing option writers to buy more ETH in order to cover their short gamma exposure.” Traders sold call options of strikes $2,000 and higher in December 2020 and January thinking Ether’s price would not appreciate as quickly and that their options would expire worthless. “There is a chance that those sold options will not expire worthless,” he said. As Ether moves higher, this scenario will only intensify, forcing additional buying activity. In the options market, this feedback loop is referred to as a “gamma squeeze.” ETH CREW: Let's converge and pull a GameStop-like gamma squeeze for ETH!!! Cheers! Source: cointelegraph.com
COINBASE:ETHUSDLong
by Kymatic
AMC ST (February 2nd 2021)AMC Entertainment (February 2nd 2021 through March 2021) Low: $0.15 - $2 - $4 High: $9.89 So in the short term, it's not looking good. Technically this could still get a bigger short squeeze in the future but we have a period of consolidation ahead of us for now if that will even be possible in my opinion. Otherwise this will get driven right into the ground. Grab the popcorn, it's heating up. The battle is on. I do not have a lot of hope for the smaller retail traders right now. From what it looks like, a 4.236 fibonacci was fulfilled and there will need to be a LOT of buying to help recover past those levels again. Now, if we imagine a scenario where the coveted pump happens so long as the bears aren't going to take over completely, the next levels to watch for serious selling action for could be: $40 - $64 - $88 - $102 - $165 - $264 But it needs to top its last high of $25 first, and it can be possible but is a lot less likely now that price has shuttered as much as it has the past couple days. Not looking good in my opinion but this will be interesting to watch. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
NYSE:AMCShort
by Hambooger
7
$GME chart view 020421Looking again at the 30 minute chart of $GME, after a lackluster session... while the RSI appears to be slowly bottoming out, i would like to see it get much higher and gain momentum in the next few sessions, near or above 70. I would like to see the VI lines cross and stay above the moving average. My best speculation at this point is that 65-75 may serve as a consolidation levels, where we will either see accumulation with higher volume, or see it break below 65 and continue to have volume, RSI and VI go south. I think in a trade like this, volume and momentum is key as any other data point or fundamentals is out the window. As before, watch for entry points and don't chase, save your ammo and be sure to set limits and stops on this one. Good luck.
NYSE:GME
by grenadetrade