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Beware of FOMO: Bitcoin's Rollercoaster Ride & Bullish ProspectsToday, Bitcoin experienced a sudden pump, driven by fake news published by Cointelegraph, only to return to its normal price range, surpassing the 30k barrier in the process. 🚀 This led to a frenzy of FOMO-driven buying and, unfortunately, resulted in approximately $100 million in liquidation losses within just an hour. 😬 This serves as a valuable lesson for everyone—never succumb to FOMO and always remember to 'trust but verify.' 🕵️‍♂️ Despite the price returning to its usual range, the overall market sentiment remains decidedly bullish. 🐂 The eagerly anticipated ETF confirmation is poised to further fuel Bitcoin's upward trajectory, marking the missing piece for the 2023-24 bull run. 📈 I anticipate this month will conclude with a significant positive price increase, possibly even surpassing the 30k mark. 📅 Regardless of the ETF's approval status, a crypto bull run is on the horizon. If the ETF faces rejection, we may witness a minor price correction, but it won't derail the bull run. 📉 Stay tuned for more updates. Feel free to like, comment, and follow us! 📣 Cheers, 🥂 GreenCrypto
Long
by GreenCryptoTrades
Brief Analysis——BIGTIMEThe game Big Time token BIGTIME was listed on Coinbase and OKX on Oct.11. It rose nearly 30 times after listing. The token with meme attributes has driven the on-chain games and meme tokens sectors. The gaming guild token YGG, on-chain game BNX, etc. all experienced short-term pumps. In the past history of crypto, when BTC struggled to rising, meme coins would usher in a short-term bull market. That's what happened in early May thisd year. BTC has been fluctuating at its current level for a week, and the outbreak of BIGTIME may take away some funds. From the daily level, there is little information about BIGTIME. So we switch to the 1h level. The WTA indicator gives two special information. The first is that during the callback, the blue column representing the whales did not disappear, but reappeared a few hours ago, interrupting the callback. This shows that new whales participated in the transaction and purchased chips, and BIGTIME’s bullish trend has not ended. Another piece of information is that in the early days of BIGTIME, the main participants were whales. When the gray bars representing retail investors appeared, the price almost continued to fluctuate and the increase slowed down. We represented this stage with a yellow rectangle. In the short term, BIGTIME may continue to rebound, but whether it can break through the ATH will be based on whether there will be continued inflows of whales. The pump has caused BIGTIME’s meme attributes to cover the attributes of on-chain games. So you need to be more cautious if you hold this token. A long green candle or a long red candle make sense. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
Tesla (TSLA) -> 300% Is The GoalMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Tesla. With the Covid19 Crash in March of 2020 Tesla stock perfectly entered a solid rising channel and and pumped more than 1000% towards the upside before retracing 70%. Following this bullish trajectory I do expect another short term pullback to retest the $200 level before we could see a pump at least back to the previous all time high at $400. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:TSLALong
by basictradingtv
74
SHIB, ARE WE IN FOR A PUMP?📈 Analysis: After nearly a month of consolidation, SHIB seems ready to rejoin the cryptocurrency market action. Accumulation and Support: During this period, SHIB held strong support levels within the range of 0.00000710 to 0.00000705, clearly marked in the highlighted box. 🚀 Bullish Signals: On the daily chart, SHIB shows signs of breaking out of this accumulation zone, backed by a 12-hour bullish price action. Our primary focus remains on the daily chart. Key Indicators: To validate a bullish scenario, we require a shift in market sentiment, a flip of the blue zone on the daily chart, strong bullish volume, and possibly some bullish news. 💹 The Potential Upside: If these conditions align, we may witness a significant pump, targeting the next zone of interest at 0.00000100, offering a potential 30% upside. This level correlates with a longer-term trend line, easily visible on the 3D chart. Confirmation: For confirmation of this educational idea, watch for a break above this level followed by a retest. Disclaimer: This analysis serves as guidance and not definitive instructions. Conduct thorough research and consult with a financial advisor before making any investment decisions.
Long
by Blast910
🤔 Maybe, Just Maybe: Time for ALTs to Rise? 🚀📈"In this video, I provide an analysis of the current Bitcoin 🪙 market and discuss potential trading opportunities 📈. I highlight key support and resistance levels 📊, as well as the possibility of a rebound ⬆️ or a further decline ⬇️. I also share my thoughts on altcoins 🌈 and their potential for growth 🌱. Watch this video to stay informed about the latest developments in the cryptocurrency market and make informed trading decisions 🤔. BTC at resistance 🚫 (see the support levels you must know 📝) Dominance at Resistance 🚫 Total at Support ✅ = MAYBE ALTS PUMP NEXT!!! 🚀 WATCH THE VIDEO 🎥: Transcript straight from AI 🤖 L0:04 Okay, so time to take a look at Bitcoin 🪙 and target reach 26,800 but unfortunately rejections 😕. It's been a lovely trade with our entry 📈. 0:17 Right here at 25,106 multiple entries and we remain long on Bitcoin 📈. In the meantime, Beautiful day, Axial Infinity 🌈, not an asset I usually tend to buy 🤷. 0:33 I don't like it to be honest, but a very nice rejection over here and we had the chance to go for a short position and taking profit exactly as expected right there 💰. 0:46 Position is still open, but profit has been taken 🤑. So we'll see if the market slides, if it fails and we're going to take a look at the Bitcoin levels we need to know 📊, then we're going to need to have short positions on 📉. 1:03 Now, let's take a look at this. At OP, which was, ah, one of the last ideas we posted buying this dip with optimism right there 🌈. 1:14 So taking a look at that has been very, very nice with a nice, ah, profit 🤑. And the target remains 1.5% 🎯. 1:21 So we're not that far. We're about halfway through. We're keeping this position 🤞. And just to remind you on the main chart for OP, okay, we bought this level here 🛒. 1:39 The channel and the targets could eventually go over 1.52 could go 1.83 or even 2.3 📈. So very promising trade. And of course, we didn't have to go lower and look for some support 🛡️. 1:54 So this trade is going really, really well 👍. All eyes will be on Bitcoin 🧐. So yes, where would we buy again? 2:03 First of all, let me get rid. Let's go to the four-hour chart. So it makes more sense 🕓. So this is where we stand here 📍. 2:14 Massive resistance going support 🚧. And this level has held now once, twice, that's three times 🔄. Okay. So if you have been following us 📣. 2:24 That's one. That's two. And the third and decisive one can be the big one 🎲. But of course, we need to stay focused because we have this 26,800 resistance and right about it. 2:39 Right above it is the 26,800 resistance. 27,000 resistance, which is a very strong psychological number 🧠. Okay. Right about here. On the way to, eventually, I believe we'll go and I believe it is happening at 28,900 📈. 2:57 94 the time being looking at the 15 minute chart. This is what we have. This is the structure that we have 📊. 3:04 So we are in the channel and support lies over here. Let me tell you exactly. Well, it's an ascending level as you understand 📈. 3:15 So around this level here at 26,390 there is the first big support for Bitcoin 🛡️. So we have alerts and we will know 🚨. 3:28 How to attain this. When the price goes there, it will be a possible support and a possible rebound ⬆️. That's the first level, which is it's a very valid and strong support 🛡️, but the strongest one 🏋️. 3:45 Is this conjunction here between 26,000, which again, it's a very strong psychological level 🧠, and 25,900. So will the price rebound from there and then test this level again, or 🤔. 4:01 Will it fail? And will it need to come down here? Okay. To test this channel 📉. Needless to say that if this channel is broken, then we're going much lower ⬇️. 4:12 But I don't think that is the case 🤔. I don't think that is the case. And we are. Yes. In an overbought area now on the 15 minute chart with a possible possible break for Bitcoin 📈. 4:26 But that doesn't mean that we cannot go higher and break these levels. Today, tonight, tomorrow 🌙. So we do have the support at 26,600 and the price could attempt to break outside the channel, which would be the bullish scenario 🐂. 4:47 So we need to be prepared for all scenarios 🤔. I don't think this is the greatest time to open new positions 🚫. 4:55 So we do have some positions. We do. We did take some profit today and we will wait to see if this level will be broken or if we will need to go lower ⏳. 5:05 This is pretty much what's happening on with alts and the market is full of opportunities like the opportunity to we have today with Axie Infinity, which by the way, we took it 🌈. 5:17 I posted today for everyone on training view about sandbox, which I believe could turn bullish going forward 📈. But how about we take a look at a couple more charts and I think the most important child would be the total three, which is on support and 📊. 5:36 And I see that there is a possibility of keeping this level, which is a massive level by the way 📈. Okay. 5:45 So the best scenario didn't happen to go all the way down there for the time being. We have support 🛡️. So a new loan 💵. 5:53 As long as we are over 319.4 billion dollars. That's total three. It excludes Bitcoin and Ethereum 📊. Okay. So alts are looking good right now 🌈. 6:08 How about we take a look at Bitcoin dominance next, which is at 50 and that is resistance 🚫. Okay. It is resistance and that's the resistance we had calculated using the Fibonacci 📊. 6:23 So we do have resistance. This stands for Bitcoin dominance, and we do have total three being over support 🛡️. So, hey, maybe just maybe we could prepare for a boost in the price 🚀. 6:42 Yes, my favorites, you know them STX, OPP, SNX. Those are my top favorite at this time 🌟. I'm going to make end sandbox 🏖️. 6:54 It's a, I believe sandbox it's added. Level that it has huge potential to rise exponentially 📈. It's had its problems and its troubles, but I believe it can do a lot better and STX which has escaped 🚀. 7:13 From the wedge and this resistance there. So that's trade. I'd like to go long on STX because the stop loss is would be close and the potential is for it to go higher 📈. 7:26 So I think I'm going to post about this on a trade. That will be the post coming up next 📝. Okay. 7:34 So that's it from me now. We took a look at the Bitcoin, the major asset, 26,666. Too many success. For my liking, I don't like it 😕. 7:48 So we'll be aware. We do have some mild support, but the main support is at $26,391 🛡️. Take care 🙏, Yours. The FX Professor🌟
BITFINEX:BTCUSDLong
by FX_Professor
5
EMA 50 : A Crucial Indicator in Crypto!In the dynamic world of crypto trading, indicators are the compass guiding traders through the volatile seas of the market. Among these, the Exponential Moving Average (EMA) with a 50-period setting holds a special place. Its significance is profound, often serving as a critical threshold that can dictate market sentiment and price trends. Let's delve into why EMA 50 is so crucial and why the crypto community is buzzing with anticipation regarding its next move. EMA 50: A Beacon of Significance EMA 50 is an Exponential Moving Average calculated over a 50-period range. It provides a smoothed average of past prices, effectively capturing essential market trends. The Power of EMA 50 EMA 50 is a key determinant for identifying the prevailing trend. When prices are above EMA 50, it often signals a bullish sentiment. Conversely, prices below EMA 50 indicate a bearish outlook. For many traders, the EMA 50 acts as a "line in the sand." A breach can trigger significant market movements. The Cryptocurrency Connection Cryptocurrencies have a unique relationship with EMA 50. It's an indicator that crypto traders frequently monitor, as it can act as a pivot point for major price shifts. Recent events have demonstrated Bitcoin's struggle to maintain supremacy over EMA 50, hinting at a potential market shift. The Power of Three: EMA 50 Challenges Interestingly, Bitcoin has tested the EMA 50 three times and experienced rejection. The market's failure to secure dominance above this level has raised questions. In trading, they say "third time's the charm," and crypto enthusiasts are eagerly watching for Bitcoin to potentially conquer EMA 50 on its fourth attempt. The Anticipated Breakthrough If Bitcoin successfully breaches EMA 50 and maintains a position above it, it could signal a shift in market sentiment. Bulls might take charge, and a sustained uptrend could follow. Such a development would reverberate throughout the crypto market, impacting altcoins and potentially ushering in a broader bullish phase. Conclusion: EMA 50 - A Critical Juncture EMA 50 is more than just a technical indicator; it's a reflection of market sentiment. As Bitcoin readies for its fourth attempt at conquering this pivotal level, traders and investors worldwide are poised for potential market-altering developments. Remember, the crypto market is inherently unpredictable, and it's vital to maintain a well-informed, adaptive trading strategy, including risk management measures. 🌐📈 In the ever-evolving world of crypto, EMA 50 is not just a number; it's a symbol of market dynamics and potential change. Stay tuned for the next chapter in this exciting crypto journey! 🚀🌟 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
by Yaroslav_Krasko
6
📉📈 Low Volatility Deja Vu? A Look Back at 2022 and What It Could Mean for Crypto Now 🤔 Hey there, crypto aficionados! Today, let's take a trip down memory lane and explore some intriguing parallels between the current market conditions and what we experienced in late 2022 and early 2023. It's a case of déjà vu with a twist. 📉 The Calm Before the Storm: At the end of 2022 and the beginning of 2023, the crypto market found itself in a period of exceptionally low volatility. Prices seemed stuck, and many anticipated a further drop. The sentiment was cautious, to say the least. 📈 The Unexpected Twist: What happened next surprised many. Instead of the anticipated plunge, the crypto market took an unexpected turn and started to climb. The low volatility period was followed by a burst of bullish momentum that caught even seasoned traders off guard. 🔄 A Familiar Scenario: Fast forward to the present, and we find ourselves in a situation that bears a striking resemblance. Volatility has once again dropped to relatively low levels, and some are beginning to wonder if history might repeat itself. 🚀 Potential Implications: Could the current low volatility be a prelude to another surprise rally? While past events don't guarantee future outcomes, they do remind us of the unpredictable nature of the crypto market. 🧐 Stay Informed and Adaptive: In the world of crypto, staying informed and adaptable is key. Keep an eye on market developments, stay attuned to news and trends, and be prepared for the unexpected. Remember that markets can change rapidly. 💡 The Takeaway: History might rhyme, but it doesn't always repeat. While we can draw insights from past experiences, the crypto landscape is ever-evolving. Be vigilant, have a well-thought-out strategy, and embrace the excitement of navigating these dynamic markets.
by AlexWhale
Gains Network / GNSThe price of Gains Network is $10 today with a 24hour trading volume of 170 million dollar. This represents a 30% price increase in the last 24 hours and a 222% price increase in the past 30 days Gains Network brings its liquidity efficient decentralized leveraged trading architecture to Polygon and binance listing sent us here Gains Network, a GMX like on chain derivatives protocol based on Polygon and Arbitrum, had a transaction volume of more than $1 billion last week, with fee of $690,000, its Token GNS once exceeded $4.7, both hitting record highs. In addition to cryptocurrencies, Gains Network also provides on-chain transactions such as US stocks, indices, foreign exchange, and bulk transactions next targets are 10.5 , 10.7 and 11 and don't forget stop loss (9-9.2$) if you (scalpers) joining at 10$ zone
by moonypto
4
Tenet Protocol | TENET The price of TENET is $0.25 today with a 24hour trading volume of 10 million dollar. This represents a 14% price increase in the last 24 hours. TENET is a Layer1 Ecosystem for LSDs, dedicated to unlocking liquidity and safely increasing yields.Tenet partners with Ankr and recently listed on Kucoin, mexc, gate and bybit TENET’s wallet, Eva, designed to onboard retail investors to TENET DeFi. It will allow users to stake assets, re-stake to TENET, optimize LSDs within our ecosystem, and provide the industry’s first Mobile Wallet AI chat, to help users find DeFi information and interact with pre approved onchain actions. we managed to invest at 0.17 and taking good profit now
by moonypto
2
Hooked Protocol (HOOK) Learn & Earn Hook price today is $2.7 with a 24 hour trading volume of 11 million dollar. HOOK price is up 17% in the last 24 hours as well Hooked Protocol is building the on ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3. Its first pilot product, Wild Cash, with Quiz-to-Earn experience and other gamified learning features, achieved an impressive growth of over 2 million monthly active users. Hooked Protocol adopts an innovative single token (HOOK) oriented structure, supplemented with in-ecosystem only utility token HGT (Hooked Gold Token). HOOK is the governance token of the ecosystem they just announced that, the transfer of the team’s allocation of HOOK token (100 million HOOK tokens) to Binance Custody. This is very rare, which means Binance Custody as a new business that will compete with Coinbase Custody too. after a pullback from 2.9 and little correction, the next targets are 3.3, 3.5 and 3.9$
Long
by moonypto
4
📈 DOGE: Potential for Explosive Growth 🚀Hey crypto enthusiasts! Today, let's dive into the fascinating world of Dogecoin (DOGE) and explore a pattern that has caught the attention of many traders and investors. 🔍 The DOGE Range: Did you know that Dogecoin traded within a relatively tight range for a whopping 554 days? That's right, over a year and a half of relatively stable prices and limited volatility. 💡 The Power of Range-Bound Trading: Range-bound trading occurs when an asset's price moves within well-defined upper and lower boundaries. During this extended period of range-bound trading, DOGE seemed to be in a state of hibernation. 🚀 The Explosive Growth: What's truly intriguing is what happened next. After trading sideways for an extended period, Dogecoin suddenly skyrocketed, surging to incredible heights and increasing in value by a factor of 11 or more. 🔮 A Glimpse into the Future: Now, here's where it gets exciting. Many traders and analysts believe that history might repeat itself. The previous extended period of range-bound trading could be a precursor to another explosive growth phase for DOGE. 📊 Trading Strategy: For traders, this presents an opportunity to keep a close eye on DOGE. If it follows a similar pattern, a period of stability within a range could be a prelude to a significant breakout. ⚠️ Always Do Your Research: While historical patterns can provide valuable insights, remember that the crypto market is inherently unpredictable. Conduct thorough research, stay updated with the latest news, and consider various factors before making investment decisions. In conclusion, Dogecoin's historical trading behavior suggests that it might be gearing up for another exciting chapter. Whether you're a DOGE enthusiast or a crypto trader, it's a space worth watching closely. Who knows what the future holds for this popular cryptocurrency? Stay tuned, stay informed, and remember - in the crypto world, surprises are around every corner! 🌌💰 ❗See related ideas below❗ Follow + Like this post and share your thoughts in the comments; your engagement fuels the crypto conversation! 💚🚀💚
Long
by Yaroslav_Krasko
6
Brief Analysis——UNFIRecently, the market sentiment has been flat, and most tokens are mainly fluctuating. Some Alt-coins have seen significant volatility during this time. UNFI is the most volatile token in the past 24 hours. So we choose UNFI as the Token for brief analysis. UNFI has almost tripled in the past half month. The project Unifi Protocol has no good news recently. Before this round of gains, UNFI had fell with fluctuation over the past year. Starting from Jul.27, UNFI began to rise. In the initial process, volatility remained at past average levels, and there was also bearish power to hinder the rise. But starting from the end of August, the upward slope suddenly became steeper, pumping like a rocket launching. Bulls dominate. We can see from the WTA indicator that whale participation is continuity during this round of rise. The situation in the red rectangle is actually no different from the past. But after the red rectangle, there are still whales participating when the price rises, which was not done before. This inflow of fresh whales lasted three rectangle. From a trading perspective, the current long position in UNFI is more risky than before. If you already hold a long position, then you can continue to pay attention to the WTA indicator. When there are only gray (retail investors), it means the whale may have sneaked away. At that time, the rise may stop, and you may consider taking profits and closing the position. You can also use the WTA indicator to find those potential tokens, which have obvious whale participation in the early stages of the rise, and still have fresh inflow later. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ULong
by Sypool
Brief Analysis——PERPRecently, the sentiment of market has been flat, and the movements of most tokens are mainly fluctuating. But there are some Alt-coins that pump during this period. In the past 24 hours, PERP has risen by nearly 60%, becoming one of the hottest tokens in the market. So today we choose PERP as the token for brief analysis. The project of PERP is a derivative DEX on the OP mainnet. Among the numerous derivatives DEX, the TVL of PERP is not outstanding. The liquidity provision method of PERP adopts the Uni V3 model. There is no major news about PERP in the market recently. PERP has basically maintained a wide range of fluctuations from 0.36 to 1.20 in the past year. Starting in March, price fluctuated down to near lows. The price had an obvious pump yesterday, and judging from the PERP history, there were almost no green candles of such length and high trading volume. The bulls is strong on the daily level. Switching to the 1h level, we can see that after PERP reached 0.85, the bears increased, and the gains of the green candle was quickly covered by the red candle. Price remained fluctuating at the top. At this level, the gap between bulls and bears is not that big. Price may remain fluctuating. What is more interesting is that we can see that in this round of rise, the WTA indicator shows there are a lot of whales involved in the transactions. In the past, when PERP increased and WTA showed increased whale participation, the price continued to rise, but then the price began to fall back after whale participation decreased. Therefore, this time the PERP rise may not end immediately. If "the whales disappeared into the gray ocean," then you need to be careful if they have quietly departed. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
Disney - Is Your Compass Upside Down?On trading social media, Disney has been the target of moonboys for quite a while. For some reason, whenever a stock is in a landslide and doesn't go up, everyone gets it in their head that they're going to BUY THE CALLS and catch the next MOTHER OF ALL SHORT SQUEEZES. And this is because you want to gamble on a single day candle, which results in you blowing your account, and then you stop using TradingView and can't have fun anymore. Disney, fundamentally, is a company that may not have any future whatsoever in a society that returns to mankind's traditions. For so many years, it has been pushing a warped and depraved culture at both its parks and via its broadcasting networks. It was even an entertainment industry leader in onboarding the Chinese Communist Party's Zero-COVID social credit edicts. And this is a problem if you want to get long. They always say "zoom out," and so let's look at yearly candles: 8 months of price action for 2023 so far indicates that we've probably just been painting the wick portion of a year that will break the 2020 COVID low. And the first place you find support below the COVID low is at $40. "Sure, sure. But it's Disney. It's the stock market. EVERYONE KNOWS it's going up. Bears always get #rekt LOL." "Bear flags" and "bull flags" are astrology and don't exist. But what does exist is when an equity spends more than a year in an area it should have bounced from and simply doesn't go up, which is what we see on the monthly. But the contrary, on the Weekly, there is a problem for bears, which is the August of '22 high at $126. And so there is a potential that tomorrow's earnings call actually results in a raid to $80 that actually produces a bullish buying opportunity with a target of $126. The problem is, the "JPM Collar" has the world's most significant bank long on SPX 4,200 puts that expire September 29 that have literally been under water every second of every day since they were bought at the end of Q2. SPX/ES - An Analysis Of The 'JPM Collar' However, I note in my recent SPX call: SPX - The Sound of a Shattering Iceberg And a recent Nasdaq call Nasdaq NQ - Is It Time To Sell The Rip? With CPI pending on Thursday morning, what happens tomorrow is really significant. That although I suspect our index tops to get raided, the problem is, are you going to see $40+ on Disney in a time frame of less than 3 weeks? September is likely to be something of a "chilly autumn" for equities markets with the way everything is set up, including the SOXS bear semiconductor ETF and the VIX. If there's to be anymore rally, that rally may only come in Q4. And thus, that would mean for Disney that a likely scenario would be a raid on the lows from earnings and even more bearish consolidation, with the $126 target being left for the beginning of Q4. This stock is a lot like Verizon and T-Mobile. It's better left not bothered with until it starts to show you signs that a bank or a fund really wants to rip it bigly in one direction or the other. There's lower hanging fruit and greener pastures out there to trade.
NYSE:DIS
by LordWrymouth
1
GNC penny stock LONGIn circumstances similar to May GDC on a1`5 minute chart pumped today for 60% and then faded to the middle basis band of the Bollinger Bands below the mean VWAP and POC line of the short term volume profile. The MACD is showing bullish divergence. THE RS lines are above the 50 level. I have GNC on watch in the after-hours and tomorrow's pre-market to resume bullish momentum and will enter if price gets over the VWAP/POC at 4.17 especially if volume returns.
NASDAQ:GDCLong
by AwesomeAvani
1
GU One More Impulse Up before the carnage beginsGU and the rest of the xxx/usd assets have been forming obvious corrections this month Why is it a correction and not a major top. Well, corrections... 1. begin with very little consolidation (vs peaks that contain big periods of consolidation before reversing). As you can see GU only consolidated for 2 days before coming down. 2. they usually contain 1-3 corrective bounces. We got 1 arguably 2 from this correction I marked the corrective bounces up on the chart. 3. They end with a bottom pattern (usually a double bottom or inverse head a and shoulders) We re looking at a pretty clean inverse head and shoulders...with us being in the process finishing up the second shoulder now. This pattern will lead us to new highs above 1.32 in the coming weeks..before assets peak and with a market downturn that will be accompanied by a recession and possibly a credit event I will publish an Idea for the big short when the time comes. Follow me to make sure you don't miss that and other big opportunities coming. Thanks!
Long
by Brenvest