TSLA - Bull Flag - To the Moon!Tesla is creating a nice bull flag . Ideally we would want the price to retrace 50% which lines up with the ascending trendline. There we can have a clear stop loss along with clear entry reason.
Having said that, it is also possible that the flag may break up at any point due to the sheer volume of propaganda regarding Tesla and Elon Musk .
Goodluck!
Musk
TSLA - Bull Flag - To the Moon!Tesla is creating a nice bull flag . Ideally we would want the price to retrace 50% which lines up with the ascending trendline. There we can have a clear stop loss along with clear entry reason.
Having said that, it is also possible that the flag may break up at any point due to the sheer volume of propaganda regarding Tesla and Elon Musk .
Goodluck!
$EWT Parabolic Soon????$EWT chart is setting up very nicely. Looking to close the weekly candle about the pointed out resistance. If we are able to close the week above the line. Look for EWT to go into price discovery mode and pump hard. Energy sector has been heating up around the world all year. Yet the blockchain energy sector has yet to pump. Let's see.
NOT FINANCIAL ADVICE
DOGE made double top and accumulating in a symetrical triangle After yet another tweet the movement went bullish and is now accumulating before another probable way up.
The dip of the triangle or the pullback of the upper exit are good entry points.
By the way, keep in mind that although less probable, there is a chance of breaking the triangle pattern downwards.
MUSKCandle, NO Comment, No trendline...“You will begin to touch heaven, Jonathan, in the moment that you touch perfect speed. And that isn’t flying a thousand miles an hour, or a million, or flying at the speed of light. Because any number is a limit, and perfection doesn’t have limits. Perfect speed, my son, is being there.”
Richard Bach, Jonathan Livingston Seagull
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!
AMC ST Update (Feb 4th 2021)AMC Entertainment (AMC) (February 4th 2021 through February 18th 2021)
(Potential entries) Low: $0.57 - $2.00 - $3.13 - $4.81
(Potential swing high levels) High: $5.08 - $6.28 - $10.10 - $10.94
I am looking for price action to come down near where I have placed 2 orange boxes for potential entries for future prospects of AMC. If people (WSB) manage to squeeze AMC harder a second time, there's a chance it never even comes down to where I anticipate it but I feel it will be very likely for it to keep crashing since the crazy peak, and maybe return to baseline/normalcy around $1 to $4.
A good entry might be found anywhere from $2.00 to $4.81 in my opinion, but it really depends on if WSB actually pulls off a second squeeze for how long it would take to realize profits on the next run. If its truly returning to baseline, $2.13 and lower should be expected, I think 57 cents would be the absolute most drastic possible.
I've placed a couple white trend lines just to see if any of it correlates with a path, but I've also scribbled the green, orange, and red brush lines for other potential levels I can see price coming to at those times. No idea which path will actually happen if any of it is even right, just watching closely for now.
Related idea attached below:
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!
DOGE COIN HEADING UPDoge is a buy for the long term I believe.
Doge has held key support levels.
It is making higher highs and higher lows, and respecting the new levels when they're created.
Finbonacci retracement shows it is at a key zone around .5
Aside from looking technically sound, DOGE is extremely cheap and has caught the attention of Elon Musk who is a big supporter of crypto in general. I believe this is a HOLD for long term.
BTC Re-formed Wedge Pattern Price Target $46k Diamond HandsHello my fellow smooth brained apes, autists, and retards (if you don't know what this reference is if from then smh).
At any rate - BTC is at a critical juncture much like the call I made back in early December when nearly 100% of the crowd was calling for BTC to crash 30-40% at $20k - I was calling for a major breakout to the upside and to smash through $20k resistance like an Ape smashing a coconut.
Additionally - I made another major macro structure call in a couple videos I posted that the old dumb money that bought the 2017 highs would sell to the "new smart institutional money" at $20k in the past few months... low and behold, articles are now coming out and describing this phenomenon that I had already grasped before the broader market realized it.
Here I am again... while many traders and furus are calling for a major bearish selloff I am standing by my conviction backed by data and analysis that BTC is headed much higher.
Elon Musk & Ray Dalio Effect
It couldn't be bigger to have someone like Elon Musk put something as simple as a bitcoin symbol on his twitter bio - a tip that the former co-founder of PayPal will likely utilize bitcoin and perhaps other cryptos in a much bigger way than just lip service. I fully expect TSLA to start at least a small investment on BTC with balance sheet cash in the next 4-6 weeks.
Michael Saylor Conference
Michael Saylor's conference to CEOs of publicly traded corporations begins this week and will be pivotal in offering his playbook on how to invest in bitcoin as a publicly traded corporation which has already paid dividends with a convert in Elon Musk after Saylor spoke with him a few weeks ago.
www.microstrategy.com
Initial Breakout Price Target - $46k
If you're a short-term trader - as always, wait for breakout of triangle on high volume and then a retest of the upper line of triangle and a bounce off of it on lower timeframes (4H, 2H, 1H) before buying.... however, if you're like me you're already positioned in BTC :) . This breakout could occur any day now and likely is to happen sometime by the end of this week.
Also, be a good smooth brained ape and buy LINK.
Nokia MT (February 2nd 2021)Nokia (NOK) (February 2nd 2021 through 2022)
Low: $3 - $5
High: $9.44 - $21
So I understand there is some financial madness going on right now.
Here's a scenario that shows how a short squeeze could hit monstrous levels provided it actually gets executed correctly.
I do not have the most hope in this chart but all the paths I've provided are just ideas of certain price levels that seem important to me.
This could end in glory, blood, or hit glory and end in blood. Who knows, but its very interesting to watch all these speculations play out with WSB reddit.
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!
POTENTIAL TRADE SET UP FOR ETHUSD PLAN
- Open a short position at 1314-1328 and set a stop loss at 1407.
- Set Take profit price at:
1. 1256.60
2. 1127
3. 1052
- High risk but higher reward, 1:4
INFO
- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.
- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL.
- GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com
- They might be waiting for the price to dump so they can buy the dip.
SIGNING OFF,
THECRYPTONIZER
DOGE pump and dump / is this a start of alt season?OK, so we all saw this pump and dump manipulation by whales - typically lot of news at twitter to catch ppl emotions and start fomo buying - If u want to be succsefull trader, u should avoid emotions otherwise u will lose your previous gains and end it up with loss and head full of stress
What happened basically - price went parabolic - parabolic move is not healthly move in trading = as fast it went up that fast it will go down again
Price broke 58-62 area which was previous resistance and did another 40% to 86 (total 300%+) - another resistance...till we are under 62, we might not see another pump - but it all depends on whales
Green area is another Support which should hold for another move up. It is hard to say if this will go up or needs some time for rebreath -i dont like pump and dumps - hard to predicts anything ....basically it's from hero to zero very often sadly
And now i would like to guess few thought in YOUR HEAD during this pump
- institutionals twitter accounts are posting only about DOGE - MOON - USDto DOGE and other bullsh.. (in fact they need you to fomo because they will sell to you their big bags of coins at great price - thanks to twitter hype and FOMO - dont be stupid they bought it weeks ago, not now)
- moon lambo
- great it can go to 200 sat
- it is still going up
- ok should i sell i see first red candles on minute chart
- oh no it is still going up, i am safe
- wtf is happening is it dropping now? should i sell at 80?
- oh no it is at 60 now i am sad that i didnt sell it at 74
- ok selling now at 55, good profits
- oh sh..it is going back up, 65 lets buy it with market buy
- nooo it dropped again to 52 and i am in loss:(
- my profits are gone, what should i do now
- emotions, emotions, emotions, feeling bad etc
I am here to help you so we can discuss it in comments if u want
NOT FINANCIAL ADVICE
EDUCATIONAL PURPOSE
ridethepig | Teeing Off in Tesla📌 Play continues with the next hole ... as in the previous ( with GBPUSD ) we will keep it to three main targets initially.
Now in Tesla's case, buyers are having to overcome some difficulties in development; the highs are optimally set with an island reversal, and so the tables can be turned. Timing wise this hole could not be better placed as sentiment looks set to start an attack against Tesla which has been cramped from exhaustion after all the good news (whatever that means).
.... TSLA @ 800
What is in play ? ... using TSLA as a barometer for the whole US equity board.
If Tesla loses the current structural support it will move the whole board as collateral. More gridlock on the other hand will leave us in a continuation till FED march.
For this swing, a good, perhaps better, target for 'par' is 500 (a whopping -37% drive). The extensions below at 460 and 400 are open for our 'birdie' and 'eagles'.
Thanks as usual for keeping the feedback coming 👍 or 👎
TSLA - Short Squeeze Friday = New ATH $888 targetTesla will hit new ATH due to the 10+ Million Shares that will be purchased tomorrow by outstanding naked puts. If we gap higher overnight, by $15+ a run over $900 is possible. More than likely we'll settle in the $880 range after making a new ATH at some point (likely late) in the trading day.
DOGE/BTC (1 hour graph) Possible bullflagDoge is forming a symmetrical triangle pattern on the 1 hour graph.
Recent events like mister Musk's tweets are still floating around in the thoughts of the masses.
Doge trading around strong historical support level.
Possible break out incoming
A new tweet of mister Musk could boost the breakout.
Wait for confirmation bullflag