RUN
HOOD - Robinhood / Short Memories / The Confederacy of the DunceHoodiots are a common breed. Freshly minted, young, inexperienced investors looking to get their Game Stops on in the markets.
600,000 new accounts (Probably FAKE bot accounts sponsored by Citadel, lol) opened in a single day.
Hoodiots seem to easily forget their accounts were locked out of Buys, only Sells.
Were a broker to ever do this, they'd be 86'd to the curb forever, but Hoodiots "Believe" it's ok.
It is not.
$3.4 Billion was required to meet settlements... stability?
No.
DTC can cut Hoodiots heads off in an instant, they've done so... but hey, they'll never do that again!
Wrong.
More vague excuses, misinformation - "It is for your own good", "We are increasing Liquidity"
Accept that they ran out of cash. Keep moralizing their decision and citing misinformation.
RH eroded trust and went to none other than JPM for a $Billion... the very edifice you all claim
to beat back every day... stopped both buying and selling, except to close existing positions.
Laughable.
Unless you’re paying for trades you’re routed to someone buying order flow.
E*TRADE, Ameritrade, etc sell order flow for revenue.
You're a long con sucker.
Preventing buying and selling - except to close existing positions. You are your
own Margin Liquidity Trap - a death spiral.
You moved your Capital to a Fault Line, expect earthquakes.
ADAUSD Triangle Breakout Testing ATHADA has not had too much time to rest. Instead of a lengthy consolidation period after the cup formation noted in my last chart, the handle broke, created a small ascending triangle and decided to break out again to test the all time high. My feelings on this are mixed. If it fails and does not make an all time high, the results could be terrible and we would see a drop in price to the next consolidation area. Not to mention it will ruin any bullish momentum that was forming since this morning. A pattern can only try a high a few times before the sentiment changes and the trend turns for the worst. However, if it does make a new all time high, this could bring the bullish volume back into ADA after the last strong bull run. It would also confirm the uptrend. The bullish momentum created by a new all time high could last for days. The reason for all of this is the amount of volume at the top range of the chart (2.86) is not really allowing the price back down. Unlike the last pushes, this is a strong psychological level and the best approach will be slow and steady.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow.
Tell me what you think?
This is not financial advice. DYODD.
Triangle Breakout- long play **Update**Just posting a quick update- all previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH bounced right off its 200-day SMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN
- 20-day RSI EMA cross
- EMAs Curling (not pictured)
- MACD is seemingly about to cross
PT1- $176.03
PT2- $182.30
PT3- $189.36+
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(Previous Charts)
ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
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ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets; is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. *(All Price Targets Reached)*
SNDL GAMMASQUEEZEThe pot boom is finally here. It's time to go up. 270,000,000 shares short, the shills are trying to say the targets are anything but what they are which is super high. 5-10-20-50$ possible. do not miss this 1.
The company has now become a loan shark and multi merger. do not let bears fool you.
Sold the scam bounce, it's over for crypto for a while.I ended up going all in on ETH (and a few other) altcoins at slightly below $1800 per ETH on the 23rd of May. I saw the scam for what it was, while it was happening. My experience in trading crypto since 2016 paid off for me there. I've managed to profit handsomely from the bounce, establishing a new portfolio ATH and feeling very happy with that. I told myself I wouldn't trade for a while, but this opportunity was just too good to let slip.
Right now we're sitting at a 65% bounce off the lows for ETH. More for other altcoins. That's obviously very formidable. I don't like making my decisions based on percentages, since crypto is peak clown world, however there are limits to any bounce. I foresee the potential of raiding stops over 3k for Ethereum and maybe even going towards the all time high. However, at this point it feels like late stages of the dead cat bounce to me. Looking at various altcoin charts such as BNB on the daily, I do not believe that the crypto bull run will immediately resume after a devastating event such as what has transpired in the last week. These dumps have shaken investors to the core. Similarly, institutions that bought into the meme are looking at serious levels of rekt.
I do think it's likely that the scam bounce continues for a while longer, however, I do not believe there are serious gains to be had. At most, we're talking about a 20% gain while risking far more than that. So, don't take this call as: Ethereum is going to drop to 0 right here, more as in: the bull run is over for now. I feel a strong sense of satisfaction with my trades and overall with my gains in this bull run. I don't see any necessity for me to "make more". If you do feel that way, you probably fucked up, since literally everything pumped over 2000%. There won't be easy bailouts for the dogecoin, cummies, shiba-inu coin normie crowd. They will indeed get devastated and learn the harsh realities of the market.
What is the market? Do assets which are being traded have any value? They do not. They merely maintain the illusion of value, while others are willing to buy. That is what prices these assets. When buyers are depleted, and fear strikes the heart of holders, it is over. There won't be a quick recovery. Holders will once again suffer until they've lost everything. Nothing has changed in the crypto market. ETH 2.0 has been announced to "be ready at any moment" since 2017. This market is driven purely by speculation, and will remain that way. The fact that crypto prices would continue pumping, after this massive dump, after peak clown world media attention, and normies buying Dogecoin on Robinhood, is delusional.
Many investors falsely believe that Bitcoin rises because of its deflationary nature, and that it must "continue to rise". They couldn't be more wrong. I will repeat: Bitcoin will rise while people continue to buy it. As long as more dumb money is convinced, it will continue rising. The deflation scheme has nothing to do with the rise, except it's a (logical) reason that can be utilised to justify the purchase of Bitcoin. But there are no guarantees whatsoever. Cryptocurrency bulls and holders have been swept into a sense of delusion, believing that perpetually staying bullish is the way to go, since that has been correct for all these years. But, this will not last forever.
So, I'm bearish. When do I buy back in? Given that I've had a great performance, I'm waiting for a break of the Ethereum / Bitcoin ATH in the short term. In the long term, waiting for an accumulation phase after further dumping. "Hodlers", enjoy the fake scam internet coins I've just dumped on you. I truly hope this works out well for you.