Gamestop
Just For Fun - What if you Risked 1000 bucks on GameStop in 2020Just for Fun, But You have to “Be In It To Win It” – Video walk through of GME Gamestop using the #xBratAlgo. On all of my videos I talk about entry and then trade management with our EMA Cloud. The 6* BUY signal from Summer 2020 on GME never took out the stop with EMA Cloud! Only Risking $1000 on this trade would have netted over $30 million Dollars…. #Crazy.
Retail Investors HELD THE LINE 1/29/21 Gamma Squeeze GMEWe are making History here!
Big Hedge Funds have shorted this company beyond the number of shares even available!
When we called them on it they tried every trick in the book and when that failed they threw the book away and shut down the game!
They tried to shut down our communications. They tried to discredit us. They tried to spread misinformation. They tried to cause panic selling.
When that didnt work they even stopped us from buying publicly traded stock on retail platforms!
But not only did we hold for every dip caused by more shady practices we bought the dip. Volume is critically low.
They have nowhere to go and mountains of debt that is increasing exponentially!
We have won the battle today and now the war has begun!
Here is my analysis for GME for the coming week. We have a huge Short Squeeze we are about to enter.
Not financial advice. I'm not a professional. Just a regular rocket scientist that likes this stock. I like it A LOT!!!
BOOM! GME recovers to $320 KLI called this earlier, I believe that GME stock is very valuable because games are fun and I hear that hedge funds are desperate for this stock because they think it's going to rise.
This is of course speculation but it just so happens that these trends aren't so hard to spot guys. Just buy GME and hold it for some time and the business will be able to start making acquisitions to cement its value. The sky's the limit; besides, you have an insurance policy! The hedge funds have committed to buying back your stock already :)
GME Looking Lunar?I couldn't help myself, so I did a little TA on GME.
It looks like we could consolidate and attempt to breakout of some sort of structure soon. It looks to be forming a descending triangle, which is typically bearish, but my whiskers are telling me there are too many factors and forces involved here for any amount of certainty.
The Fib levels give us an idea of a reversal zone on a pullback, and I generally consider the .5 to .618 area the reversal zone. I'll be hiding in the bushes and waiting to see if the top green support zone holds.
Here is the 30min chart for a little more detail.
This is an unprecedented situation, and I wanted to find as much objective reality as I could.
It's what werewolves do. Owhooooo!
GME BABY! HOLD TO THE MOON* short interest: 75.54% of float by Ortex, 113.31% of float by S3 Shortsight
* short share public availability: 0
Shorts are exiting their positions, but an amount of shares equal or almost equal to float is still shorted.
robinhood and other brokerages didn't have the capital to place buy orders at times yesterday.
Robinhood is apparently going so far as to liquidate GME shares in accounts that are not using margin trading(!) If you're still on robinhood, you should find a new broker ASAP.
Retail brokers who didn't blow up completely yesterday include:
* vanguard
* td ameritrade
* fidelity
Where is Gamestop Going Next?As I have spoke about before this is a blow off top, wave 5, and evening star formation. The price target is $17. Let me define a few things to put it in perspective.
1. Blow off top definition; Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go. Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future news, such as future growth or the release of a positive drug trial, for example. As the price rises, more and more people get excited. More people also start to feel they are missing out, and they don't want to miss out anymore, so they buy. The higher the price goes, the number of people lured in to buy increases, and thus the higher the price and volume go.
2. Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed.
3. Evening Star; The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend. It is the opposite of the Morning Star and, like the morning star, consists of three candlesticks, with the middle candlestick being a star. The first candlestick in the evening star must be light in color and must have a relatively large real body. The second candlestick is the star, which is a candlestick with a short real body that does not touch the real body of the preceding candlestick. The gap between the real bodies of the two candlesticks is what makes a doji or a spinning top a star. The star can also form within the upper shadow of the first candlestick. The star is the first indication of weakness as it indicates that the buyers were unable to push the price up to close much higher than the close of the previous period. This weakness is confirmed by the candlestick that follows the star. This candlestick must be a dark candlestick that closes well into the body of the first candlestick.
The reliability of the evening star is enhanced if the third candlestick opens below the real body of the star leaving a gap between the real bodies of the star and the third candlestick. This, however, occurs very rarely. Reliability is also enhanced by the extent to which the real body of the third candlestick penetrates the real body of the first candlestick, and if the third candlestick has very little or no lower shadow. Finally, volume should also be considered as the pattern is more reliable if the volume on the first candlestick is lower and the volume on the third candlestick is higher.
Sound familiar? If it walks and talks like a duck it's probably a duck. Not shown is multiple similar bubble situations TLRY, SPCE, Bitcoin in 2017, etc. All bubbles burst. My advice is to get out immediately.
Crypto is a Bubble: Change my Mind!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
www.tradingview.com
Gamestop is STOPPED.Next is $17We posted yesterday of a wave 5 blow off top that completed with a Wave A sell of now. Wave should be complete at around $319 already or close to it. The target for Wave C is $17 the 1.27 extension of Wave A and retracing the whole blow off to the bottom of Wave 4. This should happen very quickly in the few days. Especially with trading being halted.
$NAKR another Wallstreetbets stock$NAKR is another stock that is currently pumped up by WSB (Wallstreetbets) to destroy the shorts position by hedge funds in order to cause a short squeeze that will push price up.
A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock's price. Short-sellers borrow shares of an asset that they believe will drop in price in order to buy them after they fall.
If they're right, they return the shares and pocket the difference between the price when they initiated the short and the actual sale price. If they're wrong, they're forced to buy at a higher price and pay the difference between the price they set and its sale price. Short sales have an expiration date, so when a stock unexpectedly rises in price, the short-sellers may have to act fast to limit their losses.
So basically what's happening right now is that there is a reddit forum www.reddit.com that's trying to fight against institutional investors like hedge funds because they have been earning money off investors by shorting more than 100% for the available stocks which technically should not be possible. That said, this stock has not much fundamental value is definitely overvalued right now but its more of a movement to fight against the rich rather than just simply investing itself.
Cautiously Optimistic of StocksStocks saw some incredible volatility yesterday. No doubt some of this is related to the GameStop saga. The S&P 500 has completely retraced the bear move only to give back thse gains and settle around a cluster of levels beginning at 3737. It is likely to find support here, at least for the moment, which seems to be verified over the past few hours. If it breaks further down it will have support at 3714. the next level is in the 3600 handle at 3694. The Kovach OBV has whipsawed which is extremely rare. Usually this indicator goes with the overall trend. This is telling us that there is an extreme amount of momentum in stocks lately, in both directions: selling and buying. It is difficult to determine the overall direction of stocks, however we still remain cautiously bullish for now.
🏓Game is ON 🍿So the game is ON, again.
The people of 'Occupy Wallstreet', Reddit, Wallstreetbets and evey single one of us 'renegade revolutionaries' (there is one in all of us, including myself and you), against the machine.
Time for some music to get inspired before today's new episode of 'Squeeze wars' at the GME GAMESTOP Battleground.
Personally: I am just watching this show. Neutral
Want to trade it? Sell high, Buy low, gamble between market closing tonight and not knowing where it will open tomorrow. And off course don't risk your savings, play with money you can REALLY afford to lose. Have fun people.🍿
ps. OCCUPY WALLSTREET, I'm all up for THAT! 🦍
Bitcoin, Crypto, Gamestop, Elon MuskHello!
Here is a chart on Crypto Total Market Cap 2. I am not actually going to speak about the chart, more about fundamentals which I see right now.
I think it is time for the crypto markets to go kaboom upwards. (like they wouldn't have yet..) (Bitcoin)
Gamestop fighting. People against hedgefunds, Robinhood closing buy possibilities to the stock. This all makes Bitoins fundamentals stronger.
If you start to think about it. Everything which has a 3rd party which somehow "controls" something which people see negatively makes Bitcoins and other decentralized projects fundamentals more strong.
Elon Musk tweets "In retrospect, it was inevitable" and changes his bio to Bitcoin and after this Bitcoin rises like crazy. Here's a tweet about it .
United States and New York hasn't even woke up yet (time in New York when writtern 6.35) so I think we will see some price movement when the US stocks open. Even before.
If you take trades and are not holding for long term use stop loss.
Otherwise you will get your ass burned!
-Jebu
Silver is the latest market boomYou probably know what happened to GameStop.
The new instrument that has aroused the interest of regular investors is silver.
Yesterday we saw a rise of almost $ 2, but immediately after that the price fell off.
Today we have the opportunity to see a new rise.
Confirmation will be exit from the triangle and a break of the previous peak.
Expectations for higher values can be very high, but the initial targets for silver will be 27.36 and 28.42!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
100 Year Wave Analysis on Dow Jones: $1 million by 2040Based on neowave analysis, it looks like the stock market is reaching the end of a 20 YEAR (!) corrective pattern. Wave-e of F is currently underway and could take a couple years to complete, meaning the next few years may be choppy, but overall with the quick response of monetary and fiscal policy to any financial shocks we'll likely see wave-e skewing upwards, and then ultimately when it finishes we will begin the largest, fastest stock market bull run in history which could take the Dow to around 1 million dollars in 2040!
This will mark the beginning of a new inflationary cycle throughout all of the markets, where people will actively seek to hold any assets other than fiat currency which is increasingly being perceived as being devalued. The stock market bull run will be built on the backs of both blockchain and AI. Companies will begin holding cryptocurrencies on their balance sheets which will allow their stockholders to profit from the increase in alpha that crypto assets provide, and they will also begin using smart contracts to automate and decentralize certain market functions. We'll also see a massive increase in AI and robotics that reduces the cost of labor for many companies dramatically.
The tokenization of stocks will also remove restrictions that make it hard for people in foreign countries to trade foreign stocks, or sometimes even their own domestic stocks if the traders are unbanked. This will allow new money to flow into the US stock market from around the world and help push stocks further upwards.
We won't see it immediately, but the long-term downstream effect of all this monetary easing and printing over the last 20 years, is that prices 20 years from now are going to be dramatically higher than they are now. CPI Inflation will probably rise above 2% for a few years as the FED has increased their target for inflation to make up for the low levels of inflation we've experience during this deflationary cycle. Things like healthcare, education, and housing will cost dramatically more than they do today, basically excluding all but a small financial elite, except that the government will end up paying for it for everyone and will probably implement UBI as well. Food and energy prices could triple or more. Wages will increase somewhat to keep up with this but it won't be enough for many people. If you're not investing your money now you are looking at a not so great future. If you do invest your money this is going to be extremely profitable for you, especially if you invest into fundamentally sound cryptos.
It may take the Dow Jones 20 years to reach 1 million from 30k, but Bitcoin could do it in 1-2 years.