GME
BTC will see again 20KBesides technical indicators as you can see on this BTC futures on CME there's a price gap between 20360 and 21095 USDT. So far every previous gap has been filled again so I expect this one to be filled too.
On the other side DXY looks bullish:
If the trend remains the same BTC will likely see a correction.
Personal opinion: I think we still have to experience the effects of a real recession due to global inflation so I think that the real bottom is not in even though charts looks to have bottomed.
Good luck
$GME: Bullish Deep Gartley Trade Idea Remains ValidEarlier, GME hit the Stoploss level of the Previous Chart Idea, but it did not make a new low and has since gone back to the 0.886 PCZ level and is making a Second Level of MACD Bullish Divergence as a result. Due to these factors I think that this Bullish trade Idea is still alive and upon zooming out I can see that this could be a more Macro Double Bottom that could set us up for a Bullish Dragon Breakout in the coming weeks. If we break above the trend line we could see a rally to the 0.618 retracement, which would be a doubling of the current price.
GME Headed for Double Bottom Reversal as Market SlidesRegardless of what /r/Superstonk says, GME is headed for a Technical Double Bottom, which will lead to a "go-up". There's a bunch of other factors (go read what Superstonk has to say) that are probably going to make this stock rocket, but technically it should go up at this point. We may see it play up to nearly 30$ by the end of May.
At this price point of about 15, you can double your money in two months. Keep an eye on it. I personally just bought in I'm so confident.
$GME: Perfect Bullish Deep Gartley on the DailyGME may be setting up for a rally towards the $20 area as It's recently broken out of a long term up trending channel but has formed this nice looking Bullish Deep Gartley that could send it up to atleasat backtest the channel or the moving averages as resistance.
$GME - Run next week 28 FebTelling you that there's a run next week is a horrifically bad idea both for me and you. By buying GameStop you'll force whoever is selling you that stuff to go short in order to sell you whatever you're buying and that'll cause another one of those nice tumbles down to some dumb price like $14.
So here i am doing that dumb thing, telling you that there's a run next week which will cause the run not to happen because everyone knows now. A market watched never boils over...
Here it is:
imgur.com
There's the classic dip & wedge up. The market wil run up for 35-45 days with maybe a minor correction in between. The run starts any time within the next 4 days or 15 ish days. I'm betting that it's starting next week although it is also highly likely it will start on the 3'rd or 7'th.
AMC bounced off Fib 0.618 Levelon the retractment of the prior uptrend and appears
to be setting up a new uptrend with a K/D line cross
under the MACD histogram and rebuilding of relative volume
The last uptrend was 70% . Could this happen again next week?
Earnings were decent. Price is sitting above the support of
the Ichimoku Cloud and ready for more accumulation towards
a build of momentum.
I will play this with call options for 3/17 at a strike of $6.00
knowing the support of the fib level ( gray box on chart)
is above that. Hope for 2X ( 100 % profit) in 5 days or less.
Short interest - short squeeze potential - $$$
GME H&S?GAMESTOP is showing little to no buying pressure at this area of support AND has failed to create a higher high on the Daily chart. Look for short opportunities below $19. I personally would be looking for an short entry if price where to break support and return to retest it, causing support to act as resistance with an exit well before the area of demand (Green Line [ first big candle of uptrend ])
$GME - Down a bit moreYeah i think i figured this all out. Not revealing anything.
Basically:
-SPY moons today.
-GME/Memes don't move at all.
-SPY un-moons today/tomorrow into next week.
-GME/Memes drop more into the next 2 weeks.
PT for GME $14.xx
PT for SPY $437 today/tomorrow and then back to $387 by early March.
$GME - I was wrong... I was wrong. The run isn't over... I got faked out by the data in my last post/s. GME and the memes are going to pump more...
imgur.com
As you see it had reversed last week indicating we would flip to bearish this week. Then yesterday it re-flipped to bullish. I've honestly only seen this happen in June 2022 and i dont't understand what it means. All i know at this point is that the trend is your friend.
Also as you see here, it had fizzled out but then with yesterday's data it broke out. Yes it's a bloody breakout...
imgur.com
So yeah, i was wrong. Better get in. Also the rest of the market has also flipped to full on bear with no signs of slowing. I think this is the bull market even though it doesn't make any sense.
TLDR: There's MORE up for GME & the memes.
$GME - Here we go | Starting tomorrow or on March 6 ish. The chart above is a composite chart of: AMC, GME, COIN, HOOD, CHPT, F, LUMN, GRAB, FINV, CHPT. 3 of these are in the XRT ETF but that doesn't matter too much. This basket is the "meme" basket and it's general use as i understand is as a source of liquidity since most of the stocks inside it are illiquid like GME, LUMN and maybe a few others. I don't think AMC is illiquid, it's in fact highly traded in the swaps world as a single name stock. GME has had 1/20'th of AMC's trading volume in swapps in 2022. In 2021 they were close-ish but that changed in November/December 2021.
My preferred way of seeing the composite meme basket it in Tradingview is to copy and paste this in my Symbols/Ticker List:
AMC+CHPT+COIN-DT+F-FINV+GME+GRAB+HOOD+LUMN
This is the best variation of the basket i've managed to make in my own opinion/world. You could simply just remove the minus symbols and make everything a + if you like and that generates a really nice liquidity rich looking chart that's also quite linear and good for selling spreads which is exactly what's been happening. I've found out that for this basket, in the last quarter, around $168 mil worth of spread swaps were sold. The date of effect or expiry ( i don't remember which) was Dec 7 this year which now explains the subsequent price drop in not just GME but this whole entire basket.
About GME and what might occur next week onwards:
Data on GME has turned bullish:
imgur.com
Data on SPY is turning bullish too:
imgur.com
I believe SPY is going to retrace back to $405 within the next 15 days and with that obviously all other stocks are going to follow this oscilation and move up appropriately. This includes meme stonks just like the one we love to hate and hate to love GME.
Since i found the actual basket and was able to take my time to check it out and simplify what i see, basically i think i have the precise days of the price runs up. Since it's really close, i can tell with a lot of certainty now... It's going to start this week and will continue up to the 3'rd - 6'th of Jan (Max 9'th of Jan).
Me giving you this info isn't great as everyone i let people know the dates, everyone buys the heck out of this thing, brokers are forced to go short a share they're selling you and the price plummets, the borrow rate skyrockets and the "wen moon" date gets extended to a later date.
Seeing that people have already gone nuts on GME since Dec 23 and have forced the borrow rate up again, considering that most broker based retail traders including myself have been burned by holding short dated options and have sold them off last week, the price should start to rise back and above it's previous levels before the insane buying started.
Now if people go nuts again this could result in another muted run where people know where to buy and where to go short resulting in a very muted and quick GME run. Unfortunately there are no longer enough people that are willing to buy enough GME options for a Gamma Squeeze, that's completely out of the question and people buying 40 share lots instead of even 100 share lots aren't helping since they getting bought and grouped up by a wholesaler and lent out to others intra-day before finding other to sell their inventory to and not to mention the pennies retail is getting scalped on due to the wholesaler grouping the various orders and selling spread/lending/selling/buying at better or wider prices.
Anyway, point is, i think things happen next week. If the blue line i circled in the first pic i posted here continues to move up parabolically, we're golden and i'll know when this happens on Tuesday EOD which may already be late as i think things will start from that day, but ok... it might at least serve as some kind of confirmation.
Anyway, don't get to gree buying both shares and options... who am i kidding, do your thing. I have 438 calls $25c for next week so. Hoping to be a millionare so i can quit it all. Good luck and regards you highly regarded folk you.
Basic Analysis:
-I'm not going to add details in order to keep this simple for people. To that, i've simply drawn 3 date counting lines showing 3 x 140 day periods inside the RSI at the bottom of the chart. If for some reason you are unable to see these lines, please resize the RSI chart.
Basically, the cycles seem to be ~140 day long instead of 90 day or 60 day or 120 days as many other have tried theorizing including myself. At least that's the theory here unless i'm wrong, again.
It looks like a prerequisite for a GME/meme basket run is that the RSI has to be oversold or generally harshly treated near the weak or oversold area. As i said, not to go into details about other microcycles, i'll just be talking about the big cycles...
Now each time the RSI bottoms out on the chart above for the composite basket, 60 days later GME begins it's ~1w price run which is then followed by a market correction.
So, the next big GME price run either starts tomorrow onwards till Jan 3-9
Or it starts on March 6.
What cannot go wrong is buying at these levels since the entire basket's RSI is completely bottomed out and has spent it's time not only in RSI prison (weak spot) but also within the oversold area. Without the rest of the market moving down, it would be difficult to move the price of GME lower. At best it can be kept sideways, but that takes effort as well. The easiest thing for all sides is for the price to simply move up along with the rest of the market.
So yes. Either tomorrow for the next 10 days or in March on the 6'th ish.
You're definitely a highly regarded person if you've read this far down. Let me know down in the comments if you feel highly regarded.
Thanks
$GME - $383m in swapsHi all,
$383 million in swaps traded on the 8'th of Feb and will be in effect tomorrow 10 Feb for the meme basket. Not gonna name the basket nor show the data. I'm going on a trust me bro basis from now onwards. All i'm gonna say is that we're in a basket highly corelated to Crypto and cars...
It's safe to say that we should expect moves starting yesterday and for the next 20 something days.
I'm gonna have to reverse and go bullish now...
GME - Break-out and Back-testGME - a recent break-out/back-test, Bullish MA cross on the 4-hour, VWAP and volume support are all getting me more bullish on GME.
With high volume support at this price range from last spring and early summer, looking for a rise in price heading into late Feb and early March of 2023.
Adding to shares and going long Mar 17 calls with a $25 strike.
NFA!
GME day chart squeezingThe day chart is currently squeezing.
With RSI just above neutral, MACD about to change green, OBV climbing and price above the base lines there is a good change that it may fire upwards.
Crossing $23.66 will confirm a breakout of the downtrend resistance.
Not advice, do your own DD
Gme run this week?
As stated previously in my last Idea NYSE:GME has been following a clear pattern for nearly 3 weeks now. Making new highs every 4 trading days(H1,H2,H3). Last high was made 2/2 so 4 trading days from that would be this Wednesday (H4). I expect to trade flatish/down Monday and flatish/down early Tuesday and to start going up mid/late Tuesday. I believe we can reach $25 on the next new high and when we do hedging of the option chain will cause a large run up.
We are very strongly inversely correlated with TVC:VIX and as long and it keeps its downtrend I expect gme to continue its uptrend.
I am hoping gme will do something similar to what NASDAQ:UPST did last week. It too was following the same pattern gme was. When it made a new high in the $20 range it exploded upwards to $25. I believe that happened because of the heavy options interest at $20. gme was trading at 25 for 3 months so I'm hoping the options at 25 can rocket it forward. Interestingly even after breaking out upst still appers to be following the same pattern it has been indicating its run might not be over. I will be keeping an eye on it.
Failure to delivers on gme and etfs it is in have picked up again stocksera.pythonanywhere.com and the starting date of covering them is this week. In addition, the put/call ratio on gme has become very call skewed www.barchart.com adding to my belief the option chain can propel us higher.
While I am hoping gme runs this week I will be happy as long as it maintains its uptrend. I would keep an eye on vix and other "meme stocks" and if they are staying on trend I will remain bullish on gme.
I have noticed that the general pattern for the next leg up is 1. vix goes down hard 2.gme iv goes down hard 3.gme goes up. So if you are thinking of entering in an options position, I would wait for gme iv to crush as a signal to buy.
$GME - Line go down, then go up *Clap*GME to $14 by early March then up Mid March. Based on said trust me bro data.
As usual any run that was to happen was muted. Only down from here before the next run.
Sorry if this doesn't fit your narrative/bias/love for the stock. Not trying to be mean, it's just how things are. By betting against the stock based on this info, a run can be caused to happen earlier e.g late February. If you leave it alone to do it's thing, it'll be March.
Toodaloo, till next time.
Extreme Risk 2/10 ZDTE BBBY Short SqueezeThis is Gambling.
Upside is 20-30X
Downside is -100%
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$GME - I think i caught the next runI think i've caught the next GME run. The data has been extremely unclear for a while now until yesterday's data came out which shows a strong signal for next week. I won't share the data or the PT here as not to risk things.
TLDR:
-Next week GME there's a chance to run.
I don't know if we will have enough time to buy on Monday or whether one has to buy today on Friday. If you're buying shares, buying on Friday should be fine. If you're buying options, the weekend theta and possible consequent IV on Monday will ruin you, you'll literally open at -80% loss on weeklies.
Obviously this means other meme stocks will go up too and so will the market as well. Right after this run is concluded, the market should finally do it's thing and "correct" itself.
No positions yet. Considering an all in here. Not sure yet and when to buy and what to buy. 85% (made up number, not based on any statistics) confident in this one. Maybe 80%...
YOU DO YOU. This signal comes at a moment where the market is overbought and the whole market is due for a pullback. Buying HERE is NOT NORMAL. It is the OPPOSITE OF NORMAL and a person with half a brain would tell you that too. Regardless, the signal for a run is very strong... Imagine seeing a GME run in a dying market... every... time... I don't know if i have the balls to go for this one yet.
In my own logical opinion, buying today is a mistake and you should wait and buy on Monday or Tuesday. In my illogical opinion, you should buy today. What i'm likely to do... one of the two... i have no idea, the two sides of my brain are fighting over this.
Gme looking good
Some people have been worried about NYSE:GME and if the cycles were dead. Good news gme looks to still be on the cycle. Bad news Nov opex was in November. Shocked Pickachu face. After falling from the August run up gme stayed flat (1) while other meme stocks like NYSE:AMC and NASDAQ:TSLA fell (2). Because gme didn't get shorted it had a weak barely noticeable Nov Opex. however, as you can see other meme stocks did have a Nov opex (and you can even see gme did too albeit a small one). No shorting no opex. This may be disappointing for people still waiting for it. Good news however is after Nov opex all the meme stocks got shorted (3) and we seem to in the middle of bouncing from that (4). In short gme was dead sept 7th -dec 7th but now appears to be back on track.
Gamestop correlates strongly with inverse VIX. Correlation broke on Oct 31st 2022 for some reason and restored Jan 6th 2023.I believe we may be playing out the Vix movement from Oct 31st onwards delayed. VIX has gone down since then so we should go up.Vix has kept its trend and should go lower today and Gme should pop today. I believe we may be playing out delayed price action from when correlation broke (labeled with a 4) Would like to see a 10% up day and to break 24 today. Other meme stocks have rebounded to the price level they were at before they got shorted down. I expect gme to eventually get back to $25-$27. Depending on optiion interest that could cause a large run up past that. Also, ftd's have started on gme again stocksera.pythonanywhere.com and are due in febuary further helping gme. all in all, it's been a rough several months, but everything is looking really good for a run on gme soon.