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[WSB] How To Trade The Actual GME Short-Squeeze #2Friends, as you already know, the GameStop Stock (GME) was recently picked up by the subreddit r/wallstreetbets. The theory and technicals, which led to our entry at ~$17, are explained in the previous idea i shared with you guys (linked below). The price respected the trendline (black) three times during this uptrend. We saw a retracement in the shape of a cup each time, followed by another breakout. The same thing happend before, while the price was moving in a parallel ascending channel (red). For whatever reason, the price pumped 57.17% each time. So we can say that the price of GME tends to move in some sort of patterns. Let's try to apply these patterns to the current situation and find the best possible entry for those who missed to pump or for those want to increase their position size. From a technical point of view, we would like to see the price re-testing the trendline. This usually happens during a pullback. Pullbacks occure after a strong breakout. Those who previously bought (f.e. in the past months) take their profit and new traders emerge on the market - the journey continues. We can see a new trend emerging, which might be moving more aggressive. Please be aware that during an actual short-squeeze, we see insane price-jumps and huge sell-off later. Please manage your risk accordingly. Let me know what you think about this idea! I would love to hear your feedback. cheers, Ares
NYSE:GMELong
by Anton_XBT
14
Alexis Ohanian's mistake or market manipulation?2 days ago (May 2nd) Alexis Ohanian, reddit Co-Founder predicted the Ethereum price will reach $15,000 in 2018, the same new was published on many websites, and one day later (May 3rd) he revised his $15,000 price forecast, telling Fortune that he misspoke and meant to say that ETH would reach $1,500 in 2018. Quoting from The Fortune: "OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong." fortune.com Was it really a mistake or is it just market manipulation? This update haven't been properly taken to the readers and in my honest opinion this was the main reason Ethereum price jumped up so suddenly. Is there a correction coming? Source: www.ccn.com cointelegraph.com www.ccn.com
BITFINEX:ETHUSDShort
by fjolivov
Alexis Ohanian: ETH goes to $15k in 2018. Current Price $750Reddit Co-founder Alexis Ohanian has forecasted ETH/USD to reach a high of $15k usd by the end of this year. According to this chart we can expect some congestion through most of 2018 on our way to new highs. This may be a result of institutional money continuing to flow into the market continuing to push the entire market in the direction of widespread user adoption in both the established financial world and the new and growing ecosystem of developer, businesses and miners. Crypto as a whole has never looked brighter. However, It is hard for me to value ETH. I don't know what the demand curve for a smart contract platform looks like near/mid/long term. My continued recommendations are for PoW based coins that model Gold, specifically Monero as it has achieved - as far as my research indicates -the holy grail of digital money: Strong Fungibility. It's easy to see that demand for this hard type of money will always be of value as economies and populations grow and the transparency of the Bitcoin blockchain becomes an issue for business that do not want their money flows analyzed past, present and future. -- To possible paths (pink,yellow) to get us to $15k.
POLONIEX:ETHUSD
by You23
6
Ripple Sweeps Past My Target of 0.828. Consolidation Time.Hi guys, Just a quick update. Right now XRP's beta against the market is .5744. The beta gives us its position relative to the market (0 being no correlation; 1 being exact correlation). With XRP's beta so low, we can tell that it is the currency currently leading the Cryptosphere through the bounce. Whether this is new excitement or a hopeful beginning, we can see that this bull-run will last awhile as the standard deviation is .009822. Meaning that we can expect a fluctuation on the downside by around 1%-2%. If you are not currently in the market I suggest waiting for a consolidation to around $0.81-$0.82 to set up a good long entry for this next bull-run. DO NOT FOMO IN. You will lose. Your opportunity should come around about 3 hours after this chart is posted (currently 10:21 AM MST). As you can see by my chart, we are forming the "J-Hook" on the Bollinger-Band 4-hour. Which means that we are getting ready to consolidate for the next leg-up. The Parabolic SAR is also giving us an indication that it is getting ready to consolidate as the periods are getting over-stretched. I would wait until we see the periods of the P-SAR to go overhead on the chart to start buying in. I recommend a stop-loss @ $0.72 and in case of a rapid bullish break, a stop-buy @ 0.90. Ripple's XRP is going to have a very interesting Q2 of 2018. Goodluck out there guys!
BITFINEX:XRPUSDLong
by NaviedKhvn
5
Potential Inverse Head And Shoulders Pattern on CADJPYHey all! I've been tracking a few pairs for a little while now waiting for them to 'cook' a little longer, and this is the first idea that has formed solid potential. What we see here is a potential inverse head and shoulders pattern on the daily chart that seems to have begun in late 2015. The price fell to form a new low forming the left shoulder, then rebounded and the 88.962 point which will act as the neckline in the scenario. Following the forming of the 'head' i.e. the new low, the price rebounded once again to the neckline thereby giving us more incentive to pursue this pattern. Assuming it goes to completion, I predict that its most likely target will be ~93.387 (marked by the blue line) due to it being a very strong S&R level that extends back several years. The only contention at this point comes from whether or not the 'right shoulder' is correct or if a new shoulder will form (hence the mildly transparent green arrows). Despite this, I'm quite confident in the overall structure and will be monitoring this closely. Two setups are possible here. Conservative setup: Entry: 88.962 TP: 93.387 SL: 87.516 Aggressive setup: Entry: 83.858 TP: 93.387 SL: 83.092 Good luck and always take the necessary precautions when trading!
Long
by Cohiba93
NZDJPY setting up to break for a short next week?ON THE DAILY We see a clear double top and neckline formation highlighted by the dashed red lines. The pair is showing a brief retracement but appears to be breaking downward toward the neckline, which I have set just below the wicks at 80.398.] The yellow box draws attention to a Bearish Big Shadow (Naked Forex), which is the largest candle out to the sixth degree, though admittedly it does not occupy a large amount of "unique space." Additional but weak evidence toward the claim for a short. ON THE FOUR HOUR Various solid light blue lines show areas of supoort/resistance that have been tested/retested/broken before this downward trend began, adding strength to the hypothesis that this is a real downward break. The purple channel and blue forecast arrow would have us believe, that, barring any wicked events or bounces/retracement off the neckline, we could expect our short to be triggered by the middle of next week before plunging down to the dark blue daily basal trendline. Cheers!
Short
by sbswae