Potential End of the Downtrend (Monday May 16th)Check it out, the aqua blue and orange lines represent the downtrend we've been following since the March run-up. Today the price is being pinched between both lines. Monday could be the day. Not saying MOASS on Monday but probably time for some upward momentum.
Moass
Parabola Pitchfork - almost timeGME is a Buy over 150, expecting explosive pop as soon as it runs back over 150 could be today or tomorrow.
I haven't used the BBand/MFI/Vortex Indicator combo in a while but it works well for GME.
-Initial/intermediate target 196 (could run into some resistance there and drop back down to support in the 130s one last time before pop to 200s so watch that level close
- Target 223 by early May , they want to take it to the sky before they ultimately drop it so it could continue past 223 to some crazy levels... but that is speculation.. the mat/chart says 223 near-term
If you want to be slightly more conservative and enter later with confirmation watch for the VI to cross green over red, but by that time it will be higher than it is right now. I like entry above 150 because that is the intraday equilibrium level where supply = demand and it has the periodicity to pop on the next time it gets over 150.
Not Financial Advice.
Bless you all
~The Alpinist
Meme PowerIf you're going to play any meme NOW, it is BBBY.
GME and AMC have run up to high resistance levels so if you didn't join early on, you're too late.
BBBY on the other hand, still has room to go.
Looking for closes on the hourly above 28, 31 ish areas and squeeze can commence.
Purely degen play. No point in charting other than resistance levels.
Cohen all over this as his next play. This may be the next (dare I say...) MOASS.
Do your own DD.
NFA.
Whole market is just on some drugs. Might as well join in on the fun if you like gambling lel.
In 04/01 30c
04/08 35c
AMC 1W IC&BOLL crossAMC Is starting to test on every time scale for the BOLL and IC. What I am looking at next are those 27,30,40 price ranges. If it takes multiple days for that then it could change obviously. But the 1W Bollinger and ICHIMOKU cloud crosses are ones to look out for breakthrough and or rejection
AMC break out on the BOLL AMC has been getting lot of momentum and is still on the upper BOLL opening today. We could see a move over the BOLL and recent highs into the last supper area we had. Roughly %30 to that area. With the MACD still under on the 1D it could get that 30% in this 1D candle to keep the momentum
GME Accumulation PhaseUpdate for my previous chart with a pattern fix and some more detail on how I plan to trade the accumulation phase and do some nice compound trading in a retirement account. Will likely stop posting new charts and just keep updating my trades here on this chart so be sure to follow.
GME uptrend into OPEX. My prediction and thoughts.Hello all my fellow GME chads. I see GME forming a normal 5 wave uptrend pattern forming. Rules of EWT states that the 4th wave cannot go past the peak of the 1st wave and even tho we broke it by pennies, i still believe this pattern is valid. Therefor I see the 5th wave ending in the blue rectangle box labeled as such (~$150). 5th wave extensions are very common as well, especially bec we did not get a complex wave yet in this pattern. If we extend, i expect the next resistance to be 160 and 169. OPEX is this friday which means the T+2 settlement date is 2/22 (Tuesday). The higher we go into OPEX the better, I am very excited.
GME OutlookHello again, still watching the monthly and weekly charts on GME. It's possible we have a new bull run in the next few weeks, but i believe we still have more downside. Institutions still are not buying and there has been no major increase in volume. Follow the money and think like a whale. With that in mind i believe we will still see $50 range and see some form of accumulation phase similar to what we saw before the previous bull run. Hard to say if it will squeeze again, if at all. However the company really does look to making progress towards becoming a great tech company with all the new hires, msft deal possible, and nft marketplace.
GME BREAKS TRIANGLE = BULLISHWe never hit the bottom of the triangle, which is super bullish. I know everyone saw what happened today and is wicked pumped, myself included. Honestly i just want to keep posting updates to keep the hype train rolling. NFT announcement finally LFG! Cannot wait to own my own in game items, i am not into buying skins in video games bec they are just a waste of money rn imo but once this becomes an investment that i can own on the GMERICA marketplace I am going to be so hyped. Gamers will be able to capitalize on their hours playing video games by earning items with real world value. it is so cheap at current valuations, it baffles me people are not jumping on it right now. Also, my bday was yesterday and i gave myself the day off from the charts so having today be the first day back and seeing what GME did was an awesome present :) See you on the moon gents!
GME + FibTriangle = Super Bullish ! ! !Oh GME, Oh GME, are you really forming a fib triangle for FibTriangleWavesforDayz to finally give to the GME CHADS? The pattern that I owe my username to? My favorite bullish reversal pattern. I love taking a long position at the E wave. If we hit 89 or 90 either tomorrow or friday, time to buy more shares/calls. Lever tf up boys. I CANT STOP BUYING!!! BUY, HOLD, DRS, BUY CALLS!
GME - OH YEAH I LIKE HOW THAT LOOKS !!!Ik i have been posting a lot of bottoms lately and its bec there have been a lot! GME has had this weird daily price action where it closes red on the day with a green daily candle but does not really make any new lows. Breaking above this gets my nips ready for another rocket ship moon landing. I got NO2 and turbos in my rocket ship. My rocket ship goes fast!!! My moon tickets were bought, did you forget to buy yours anon?
Gamestop - MOASSIdea for GME:
- The MOASS is here.
- There is a global shortage of both US dollars and high quality collateral for debt (10-year US Treasury bonds). Why would the dollar be rising despite the high CPI prints? It's simple. To borrow, one must have collateral.
- CS's Zoltan Pozsar explained in Nov. 19th Global Money Dispatch that currently, this demand is caused by Europe. "the ECB bough too much , reducing net supply via QE, and it topped it up with TLTROs... This week, the collateral shortage in Europe spilled over into the FX swap market: on Tuesday it became cheaper for a euro deposit holder to pay a premium and swap euros for dollars and buy Treasury bills with those dollars than to buy German bills."
- While I won't go into it, it is speculated that Citadel has a great short exposure to 10-year US Treasury bonds, through their repo market arm, Palafox. May or may not be true, but it is evident that someone (probably every hedge fund) is short USTs and they are also short GME. GME by extension is a bond market volatility proxy. As long as the correlations hold, it can be traded.
- What is also true is that Large and Small speculators are record short 10 Year T Note futures, while commercials are record long. Bond market volatility is reached a level where VIX was trading at 50+ previously and is higher now than what it spiked to during GME's first squeeze to 500. Somebody is about to get to get blown up.
Bond Market Options Volatility (MOVE) leads GME by 15 days. Timing of MOASS, Dec.3:
GME losing correlation with IWM and gaining correlation with VIX and USTs (new regime):
You might get one more smash down (I expect a smash in bonds in a risk parity event before a squeeze), but I am confident this is about to happen. I'm not even going to give a price target, but it's over 4 digits for certain.
When I did analysis for my AMC trade, I correctly read the psychology of the large market participants, after reading into it more and connecting the dots, turns out they were BlackRock and Citadel:
If you are short GME, do you even know who is on the other side of your trade? Retail "apes"? No no no!
BlackRock, who manages the US assets of foreign sovereigns, and ICBC China, with a 100% correlation to GME. China is about to enter an easing phase:
GLHF
- DPT
Causation always produces a correlation. Liquidity takes time to flow through the economic machine.
GME to $50 SupportUpdating monthly chart trade from before. We have hit the first monthly MA support. I think its inevitable we go lower to the lower MA for support which coincidentally aligns with the $50 resistance range that may now become support. Judging by the timeline it could be another year before any kind of MOASS, which is good for any long term holders. Good luck!
$GME JAN PUMP starts next Monday!oh hello hello hello there my fellow GME CHADS! I expected price action to be flat (-/+5%) the past two weeks, and i still think that is possible if we have another up day tomorrow. I originally anticipated the start of the Jan Bull Cycle to begin on 1/10 and nothing has changed that! If anything, the aggressive shorting made me even more bullish for the PUMP!!! Remember buying fear is the way to go and right now the bears and MM are tryna install a lot of fear in us GME CHADS but as GME Diamond Hands CHADS we dont sell or get fearful, we buy the dips!!! This was a wonderful dip for me as i loaded up on some $160 calls that are gonna turn into lambos after this GME JAN PUMP!!! Buy your moon tickets now CHADS and remember the shorts never closed!!! NFT MARKETPLACE, 0.5$ puts exp soon, DRS!!! Lots to be excited for this coming year my friends.
RC poop tweet and GME’s future price action RC has tweeted on several occasions something poop themed. From Harry’s ski chateau blowout to an ancient looking compooper chair to taking a glorious dump in the metarverse. I anticipate a retest of the lower trend line before price begins to reflect the massive upside we all know GME has. Maybe RC was hinting at more bearish PA before the rip to the heavens.