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GME Potential for Bearish Drop | 27th January 2023Looking at the H4 chart, my overall bias for GME is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 18.85 to form the retail double top pattern. Stop loss will be at 22.47, where the recent high is. Take profit will be at 15.43, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYSE:GMEShort
by Rockqet
1
Where is BTC headed following the latest pump?In this post i will be discussing the potential next move for Bitcoin after today's pump. Using the Fibonacci retracement tool, we can identify key levels where the price could potentially retrace. By drawing the tool from the bottom of the move to the top, we can see that the price could retrace to the fibonacci gold zone between $21,867 and $21,647. This area is crucial as it's almost a guarantee that if the price rejects off of this area, it will hit the first price target of $23,512. The second and third price targets are $23,512 and $23,952 respectively. Finally, a riskier take profit would be $25,815. It will be interesting to see if the price will follow this Fibonacci retracement pattern and reach these targets. What do you think? Like and comment to let me know what’s your take. Also, VERY IMPORTANT! s3.tradingview.com Follow the arrows... Thank y’all *Note: This post was generated by ChatGPT (Generative Pre-trained Transformer) with my input.
BLong
by Robin_Nakamoto
Are rabbits the new dogs ? LTRBT/USDThis has had a good week, and this being the year of the rabbit its got good meme potential right now. i think its possible we get some kind of cup and handle pattern forming at the previous high and then a big move up, its been around a while , i think it started out as spunk bunny or something and pumped on an Elon Musk tweet, since then theres been a migration and this is the first decent move its made since then, worth keeping an eye on and maybe try to snag a small bag if it makes a cup handle . really you'd want to see the handle stay in the top third of the cup
LLong
by Spocks-Beard
2
A MEME Coin with a heart ... Bear Market Antidote #POORPLEBWorth a PUNT?? Low marketcap ... high risk! but I believe it will surpass the price it achieved on day1 From the plebifesto... "We live in a world where the rich get richer and the poor get poorer. The world of cryptocurrency is no different. The world is full of lost hope and empty promises. Small players in the space are often eaten alive by an unfair and biased structure. We are the last to know and the last to react; we are simply crypto krill for the whales to feast upon. The system is rigged, they tell us to margin trade, they tell us to buy serial numbers loosely related to JPEGs, they manufacture the narrative and ensure the opposite; all in pursuit of the maximum amount of casualties. For too long we have been exit liquidity, for too long we have been chastised, for too long we have been rekt… No more… The PoorPleb will finally have a chance to reign supreme…"
P
by BallaJi
$GME rare opportunity 👁‍🗨 *This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Here @SimplyShowMeTheMoney we strive to educate our traders on the importance of being able to recognize rare occurrences in the market structure on a chart. Today GameStop $GME presented us with a rare opportunity in its structure that my team simply could not ignore. We watched $GME open at 12% and shoot up to around 20% before retracing all gains back down to the negative 1 hour before the final bell. This comes as we enter a busy earnings week with a 2-day fed meeting that begins tomorrow and numerous data reports that could ultimately dictate the direction of the feds and the market. $GME is no stranger to making headlines. With midterm elections right around the corner we wouldn't be surprised if $GME made a ridiculous move in either direction. My team was able to secure shares of $GME at $28 while it was red this afternoon. We have an automatic stop loss set at $27 due to the obvious risk factors associated with $GME. Entry: $28 Stop loss: $27 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:GMELong
by SimplyShowMeTheMoney
4
SHIB to plunge -70%?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. #SHIBARMY , unfortunately not a good news for our beloved one!🐕 Price formed huge Head and Shoulders pattern which just got triggered by breaking the neckline. Target 0.00000265 being -70% lower from current prices which would mean enormous pain for our puppy. The price could respect the downward channel boundaries on the way to the target. Please don't shoot the messenger, just posting what I see, all that for free! 😇 For further reference please check the post down below: Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
6
🔥Elon Musk and Twitter: Meme Lord makes DOGE great againHi firends! Seems like Elon going to buy the Twitter (TWTR). I think that DOGE can become the main crypto payment method inside this social network. Previously, Elon says that he want to introduce a paid subscription for write the comments and other other features if he bought Twitter. This is a huge opportunity for this mem coin and for all traders/investors. 🚩 Elon Musk suggests that the purchase of Twitter will help him accelerate the development of the social network X, and not to create it from zero. 📊 How it affect the DOGE coin? ✅ Technical analysis DOGE return to the global trendline which I hope will be broken after the 4th test. Three test as the resistance were succesfull and the price fall. Additionally, you see how many trades were inside the $0.46-0.67 value area. A lot of coins were bought by the big players and of course they want to sell it higher. ✅ Fundamental analysis In the coming days everything will be clear with the purchase of Twitter. I think that after the final confirmation, Dogecoin will continue its growth despite the rise or fall of the crypto market as a whole. The possible global targets for DOGE: 🔥$0.127-0.148 - the closest value area 🔥$0.24-0.27 If this coin will be accepted as a payment method, then DOGE can renew its all-time highs at $0.74. 📊 What other benefits can we get from the Elon's purchase? Binance are also the part of this deal along with Mr. Musk. I think they will respond for the crypto part of the Twitter. So in this case pay your attention on BNB. This is the real case when binance smart contracts can beat Ethereum. Maybe BNB overtake ETH by it's capitalization, if everything happen as I expect. ✅ My latest local idea on BTC are still in play. +12% profit in the 2 days! Congrats to everyone who follow this idea. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8
Virgin Galactic, SPCE race to the bottomStock is currently at the mean and may test potential new lows in 2022 with little reason to buy on fundamentals before then accept gamble on technicals. Virgin Galactic business model seems unviable. Old tech. Extremely expensive, with low take up. Needs significant shake up to make it work. Branson keeps selling SPCE stock to prop up failing airline business. Looks like pump and dump. -------------------------------------------------------------------------------------------------------------------------------------------------------- Okay, we are gganbu. --- Oh Il-Nam
NYSE:SPCE
by Deep_Fud
2