Shortsqueeze
BTC. Never score the main thing.You can include several scenarios in your analysis at once,
You never know exactly how the market will behave.
There is clearly a resistance zone here, I think rebounds are possible in this zone - up to 34600.
But after them, a strong reaction should beat down, we'll see.
In principle, we can spike up to 37000, but don't let that fool you,
most likely all this growth will return to its beginning from where it started (to the yellow support).
At the same time, it is not excluded that we will bounce several times.
But then it's still down. Why? Look at global ideas on weekly charts.
Never score the main thing.
Update: ;AMC macro cycle TA TheoryFirst, please look closely. That green wave is, essentially the void. A place where the price has no sky limit except for the yellow dotted line connecting the peaks of the last two squeezes. The white has been used to keep price stable. Any halts we saw, i think, is due to fear from letting the price leave these lines of resistance. Inside the the purple is what they want. There is a top but no bottom. Perhaps the cycle is 'pull buy orders during the cross over' then when it enters the purple 'let it rip'. This can change of course, if ftds become too hot or the swaps place too much risk. If this happens, then you use the long wave across the top (also white) to act as an area of distribution. The scary thing for them is that eventually, there is an end.. but its so far down the line (2025) it works in their favor. There needs to be a catalyst.. something.. that breaks us out of the resistance otherwise we smooth sail until 2025
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.
NASDAQ 100: turnaround Tuesday Have you ever heard of turnaround Tuesday?
Now you have.
Turnaround Tuesday is a trading strategy that says that "whenever we get a > -1% drawdown on a Monday, you should buy at the close, and sell the next day at close"
This strategy has a success rate of about 60-65%
I will not initiate longs, but I just wanted to share that a spike tomorrow should not come as a surprise.
The general picture is still down. Short every spike.
Monthly VeiwI mean with how much bearishness going around, and it really does have me wondering..... I am not sure people will see the prices they want to see especially when its an emotional stance so many have leaning one way when the truth is no one knows with 100% certainty. All I know is I am seeing a massive amount of people not knowing what to actually do with everything going on. Including myself, and I can only do what I think is best for me as this is all not financial advice and more for an educational purpose. For me, it may be just as simple as dollar cost averaging in perhaps the greatest invention of sound money the human race has ever witnessed. I personally believe we are in a buyer's market whether we enter into a year long, or more bear cycle I had accumulated all of 2018, and 19' to only arrive in 2020 until now not changing a thing in that part of my strategy since my outlook is very modestly long term.... Good luck all and stay safe trading or investing..
How to play the Bitcoin fakeoutHere is a little bit of TA about how the bitcoin fakeout will happen:
The idea is that we market long BTC at around 33.8-34.2k or wait until 37k break so we can confirm our bullish bias.
For our main altcoin ETH, our juicy market long will be from our current price (which is currently around 2500-2550) or wait until 37k BTC break then
This is a interesting scenario which will put Shorts into trouble or like we commonly call "short ssueeze"and shock every trader out here. If you're short, beware and use a stop loss right above the main support as seen on my chart here (37000).
From now on, we will sit and watch it happen.
And if you're wondering why i didn't write "bitcoin" Carefully on my chart it's because i am french so pardon me if it ever bothered you
All details are on my chart please read carefully.
Dude i said read carefully !
Comment your thoughts we need debates for this one.
Thanks for reading.
btcusdtperpHello my comrades
1. As you can see in the bigger picture (weekly time frame)
The price is currently at the end of the wedge (purple line), which in itself is a good support because it overlaps with several areas of demand.
2. Below is the last support which is between 29920 to 28870. If it is lost, I have to give a new analysis.
3. Most importantly, the dollar dominance chart is approaching its resistance level and this will cause a positive market reaction.
4. Although the level of 34242 has disappeared, the candles are still rising in 4 hours.
We can see a Short squeeze
Bbig squeeze!!! Get readyBbig after pumping in demand zone which it does so well after creating a double bottom is now at our first resistance really impressed by how we held our gains today so if we break 3.46 it only makes sense that it’ll do what it usually does and to 4.08 then 5.30 and if we break those I’d be surprised if we don’t hit 7.50 #bullish #shortsqueeze
GME Falling Wedge PatternIf we don`t take into consideration the fundamentals of the company, instead we look only at the technical analysis, every falling wedge of GME ended up with a rally higher than 51%.
That could be our price target too, $174 (+51%).
Looking forward to read your opinion about it.
Set Alerts for BBIGBBIG is a heavy momentum stock, and that's due to a high short float causing mini short squeezes.
Best way to trade such stocks is to catch break outs.
Set an alert for this bad boy and be patient.
Serious Bullish Divergence on BTCUSD!Hey Traders,
As you can see on the 4HR candles of BTCUSD (Bitcoin). Not only was there a massive liquidation, but there was a massive short squeeze. Approximately in the last 4 hours, near $40M shorts were liquidated. (20x-50x) Shorts. About $1-2B Market Value worth. Now on the divergence, the price has been going in a downtrend while the strength of the oscillator has been trending up.
$PIK Next Target PTs 8.20-10 and higherKidpik Corp. operates as a subscription-based e-commerce company that sells girls' and boys' apparel, footwear, and accessories. It offers apparel, including tops, bottoms, cardigans, jackets, dresses, and swimwear in knit and woven fabrication; shoes, such as sneakers, boots, sandals, and dress shoes; and accessories comprising sunglasses, jewelry, bags, socks, hats, and hair goods. The company serves its customers through its retail website, kidpik.com; Amazon; and clothing subscription boxes, which provide mix-&-match coordinated outfits that are personalized based on each member's preferences. Kidpik Corp. was incorporated in 2015 and is based in New York, New York.
What does GameStop’s share split mean for the short squeeze?2022 is looking like a year of stock splits as companies seek to make their shares more appealing for retail investors. Following Alphabet (NASDAQ: GOOGL), Amazon's (NASDAQ: AMZN) and Tesla's (NASDAQ:TSLA) recent split announcements, GameStop (NYSE:GME) followed suit, hinting at plans for its first stock split in 15 years.
The American video game retailer, which has become a favorite “meme stock” among retail investors, disclosed in an SEC filing during aftermarket hours on Thursday that it plans to implement a stock split of its class A shares in the form of a stock dividend.
GameStop said it plans to boost its share count to 1 billion from 300 million, indicating that it would carry out a three-for-1 stock split, giving existing shareholders two more shares for every share they hold in the company. The plan is still subject to shareholder approval at the company’s annual meeting.
The company’s stock, which surged to its 2022 peak of $189.59 on March 28, jumped 15% in premarket trading on Friday following the news before paring gains to close 0.8% lower on the New York Stock Exchange.
Compared with Apple and Amazon, whose share prices have hovered around $3,000 in recent months, and Tesla’s stock price that closed at over $1,000 on Friday, GameStop’s stock is relatively more affordable for mom-and-pop investors and those that are riding on a new investment trend that has become popular during the COVID-19 pandemic.
GameStop to the moon
GameStop is among the most favorite meme stocks on Reddit forums like the wildly popular subreddit WallStreetBets where users discuss the next stock to pump up. Investors piled into GameStop’s stock in January 2021, sending its shares skyrocketing 400% week on week on Jan. 29, 2021, to an all-time high of $325.
This caused a short squeeze in GameStop stocks in a blow to short sellers that collectively lost about $13 billion, according to estimates by financial analytics firm S3 Partners. Market watchers also attributed the spike in GameStop’s shares to hedge funds that made substantial profits from the short squeeze.
GameStop’s stock has since fallen 49% since that peak as of Friday, April 1, as many investors are unable to justify the company's stock price given its poor financials.
GameStop's financials fail to keep up
In the recent fiscal year ended Jan. 29, GameStop booked $381 million in net loss, 77% wider than its $215 million loss in 2020. Revenue, however, climbed to $6.01 billion from $5.09 billion the previous year. Prior to the short squeeze in January 2021, there had been rumors that GameStop may be going out of business as the company announced store closures and logged millions of dollars in debt.
“This greed by the short sellers to have GameStop go bankrupt — ironically, they now saved GameStop for probably forever,” Justin Dopierala, founder of DOMO Capital, was quoted by Digital Trends as saying.
With the money raised from the securities market, GameStop could turn its business around. The company recently disclosed plans to foray into non-fungible tokens or NFTs by the end of the second quarter of fiscal year 2022.
Risky bet for short sellers
For short sellers, GameStop’s planned stock split would force them to buy additional shares before they return their loaned shares.
As the company plans to carry out its stock split by issuing a stock dividend, shareholders who lend their shares to short sellers are still entitled to the dividend from GameStop, while the short seller will have to either repurchase the share before the ex dividend date or pay a dividend to the other party that acquired the shorted stock.