BTC Is Still Deciding What It Wants To Do First First of all, Happy new year to you all. Weather you are trader, investor or you just like to be here, i wish you all successful year (even though stock market will collapse in 2022 haha) good health and loving things. Now to the BTC.
As far as my last idea goes for BTC i still think we will form a new bottom eventually, but before we do btc still has to decide where it wants to go first. We could just collapse from here or we revisit 55k area (yellow box), provided that we don't get rejected on the way up again (orange/blue box).
Short squeeze is still in the cards, just don't take this to the bank.
Alt season is just arround the corner as BTC dominance keeps tanking. That does not mean it could still spike up a bit before going down even further. Great news for alts is all i am gonna say.
I am not a financial advisor so non of this should be taken as a financial advice. Be Well.
BINANCE:BTCUSDT
Shortsqueeze
DOUBLE TROUBLE !!! 2x STRN by Jan 13 Strong Q3 results in a growing industry that isn't impacted by inflation or the pandemic, plus a high short interest.
CRTX Cortexyme Short Squeeze CandidateAccording to Marketwatch, 54.23% of CRTX Cortexyme stock float is shorted.
My price target is a short squeeze to 29.5usd.
Looking forward to read your opinion about it.
$CRTX short squeeze potential 65% SI on $CRTX according to latest S3 data.
RSI divergent to price action, MACD is crossing, OBV increasing steadily.
An inverted Head and Shoulders is about to form.
This thing will pop soon.
$CRTX WAVE ANALYSIS$CRTX – SI 55%
WAVE ANALYSIS is based on the notion that markets follow specific patterns called waves which are the result of a natural rhythm of crowd psychology that exists in all markets. ... This last wave is usually traded and its length can be predicted based on prior waves.
Cortexyme, Inc., a clinical stage biopharmaceutical company, focuses on developing therapeutics for Alzheimer's disease and other degenerative disorders. Its lead drug candidate is atuzaginstat (COR388), an orally administered brain-penetrating small molecule gingipain inhibitor, which is in Phase II/III clinical trial for use in patients with mild to moderate Alzheimer's disease. Cortexyme, Inc. has a partnership with Parkinson Study Group. The company was incorporated in 2012 and is headquartered in South San Francisco, California.
$RELI – SI 46% SYMMETRICAL TRIANGLEReliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
$BFRI – SI 83% High short interest according to S3:
$BFRI – SI 83%
Biofrontera Inc., a biopharmaceutical company, develops and provides dermatological products for the treatment of skin diseases in the United States. It primarily develops therapies for non-melanoma skin cancer. It offers Ameluz, an aminolevulinic acid hydrochloride gel for the photodynamic therapy of actinic keratoses; and BF-RhodoLED, an LED lamp emitting red light for use in photodynamic therapy. The company was founded in 1997 and is based in Woburn, Massachusetts.
Tesla holds the 50%After going through a pullback Tesla NASDAQ:TSLA pegged and held the 50% Retracement level at 900. I've been watching this for a while and got into the stock last week (a bit early) but today's price action in Tesla stock and other growth stocks is looking like a potential short squeeze into End of Year.
BTC Don't Get Too Excited - Not The Bottom YetLooking at the fear and greed index for BTC, you can see that even though BTC didn't really have a rally yet, just broke a downtrend it has return to almost neutral. That is a MASSIVE increase from yesterday when it was just 26, now is 45 and BTC has only rose 5%. This is a clear indication that market behaves very irrational. People get excited on the small rise very quickly and vice versa. Because of this there are going to be a lot of fake outs, weather those are to the upside or downside, but mainly upside as BTC is clearly in a bear market. Don't get too excited on the pump that may happen in the next week, and just know that this is to be expected when prices loose that much value in such short time without providing any relief rally.
Still i expect BTC to reach 55k area (significant resistence before another leg down most likely starting with a 4 smaller waves and then 7 larger as we go steeper to the bottom. This is just a guess based on how those last legs end playing out.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
BINANCE:BTCUSDT
SPY Short Squeeze based on RSI/post Quadruple Witchingmarkets.businessinsider.com
Looking at the chart you will notice SPY has been trading flat for around 50 days. SPY has never done this before (rare). Very heavy price consolidation = breakout soon
During an uptrend, the RSI tends to stay above 30 and should frequently hit 70. During a downtrend, it is rare to see the RSI exceed 70, and the indicator frequently hits 30 or under.
Friday at close: RSI above 30 indicating a bullish trend is about to start despite SPY price hitting $459.
Big picture: Higher lows and RSI staying above 30, lower highs for RSI, Bullish AF.
Prediction end of January: $515-$530
Photos (Reddit isn't working when I upload photos)
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Think I am wrong? Look at 12/1 - 12/3. The RSI fell below 30 indicating a bearish trend then on 12/3 the RSI was above 30 indicating a bullish trend was about to start and the following day SPY gapped up hard.
In my opinion, the Friday sell-off was because England raised their interest rates which makes NO logical sense when their country is a hotspot for the new variant. The rest of Europe didn’t and won’t raise interest rates in 2022 because of the variant.
The CDC states this is going to get terrible in the U.S and the media says it’s mild when it’s not. You need to look at the hospitalization data closer and you will realize it’s significantly worse than Delta. Read below, “CDC issues grim forecast warning that weekly COVID cases will jump by 55% to 1.3 MILLION by Christmas Day and that deaths will surge by 73% to 15,600 a week as Omicron becomes dominant strain.”
Then look at the New York City data, NY Reports Highest Single-Day Case Total of Pandemic. This variant is extremely contagious, the bull run is just starting. Our gov won’t let the economy crash causing permanent damage to the economy when the pandemic is starting again.
BTC Looking For A Possible Short Squeeze To HappenI know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is also a low possibility, that we could just broke 42k from here and finish the crash then go into a retracement, but i highly doubt that. I still expect prices to fall into the 33-38k, depending on how laveraged BTC is or will get especially if we get that massive short squeeze. A lot of retail investors will get euphoric on the squeeze and will open over laveraged long positions right at the end of a squeeze. What comes next is a massive liquidation event largely because of over laveraged market.
I am not a financial advisor so non of this should be taken as a financial advise.
BINANCE:BTCUSDT
EOS Daily Cup and Handle + Ridiculous risk/reward setup. EOS is no drama obama when we just look at the charts. Let's dig into it.
- Daily cup and handle.
- Strong fundamentals only getting stronger.
- Widely hated coin.
- Strong community.
- First real DAO.
- Lots of whale action.
- Heavily shorted and almost out of room.
Let the short squeeze cannon go boom! See you up there.
#chartporn #seekingconfluence #perspectivematters
Short squeeze to $48,000 - $49,000 (retest broken uptrend) BTCHello all,
We've seen a lot of sell pressure over the past 24 hours, but now we need to retest the broken uptrend to either flip it back into support or confirm resistance / supply zone.
$48,000 - $49,000 depending on when the pump / short squeeze / relief rally happens.
Never put all your eggs in one basket (direction) the market is always one step ahead and you need to be also.
(the market is psychological, don't get trapped)
(this is not financial advice, just my journal)
Current Watchlist Including: $NNOX, $DOCU and $SPCEI will be honest, yesterday felt like I was shopping at the clearance section in Robinhood. All jokes aside, I think these three stocks have been shortened alot, and now w/ tax season coming up, the sell off has mostly already happened. I still believe in Nanox's overarching goal and do notice they are finishing up final phases of their factory (as least according to the recent images trending online), DocuSign seems to have lots of growth potential, and Virgin Galactic is still Virgin Galactic. If you want to go off of fundamentals, breakout potential or a positive retracement does seem there. That said, please invest at your own risk. Anything you do is at your own risk. This is solely on an opinion based basis and not meant to warrant any form of financial or investment advice once-soever.
Market maker building longs, get ready for take off!Lots of wicks to the downside without follow through, pretty much the opposite of what happened on Thursday. To me this implicates the market maker is building longs by getting you into a short... The sentiments is super bearish and everyone is screaming double top and is opening shorts... So a great moment for a pump. I'm expecting absolute fireworks from the Asian session tonight and EU session tomorrow morning, I don't think I'll sleep. We could see ETH trading at 4500 tomorrow evening. First we need to break 4150 and hold it as support and thereafter 4360 and hold it as support. If so, we could see them taking out all the liquidity towards the ATH by the end of the week.
Be cautious though, if they preparing a big move; they might spike the low one last time tonight before taking off.
The most healthy thing for the bull market is not to open any long but just buy on spot, that would already give you a 15% return in the coming days if(!) the above scenario plays out. Market opens in 2 hours, fireworks in about 5, lets see if this scenario plays out or not. Yeah I hear you thinking; you said a reversal this weekend, but instead we got an accumulation weekend, which is much healthier in my opinion. Go Asia! Oh, and I will update you with some new low cap gems by tomorrow, some great opportunities out there if you have patience and wait till they pump.
IMPORTANT: this is not financial advice. trade or invest based on your own risk and research.
AMC CME Gap's + Price Target of 51.55-51.69When it comes to CME's, common talk is price will re-trace to the gap at one point in time ( Can be sooner or later ). On this chart you'll see the various CME's in AMC but the most significant ones relative to recent price action are 2 CME's
51.55 - 51.69 (#2) 14 Cent Gap
&
38.88 - 38.14 (#1) 74 Cent Gap (Empty box near MA's)
Market open Monday should retrace us to the previous gap mentioned as #1
These CME's are based on Daily t.f. Charts and a couple including the ones mentioned above were fine tuned on 1 hour for accuracy more importantly the 2 above are significant due tp their resistance at these points. This chart is only showing CME's and will continue to track them on a weekly basis here.
Food for thought on options traders,
The squeeze is more likely to happen if you buy the stock and hold rather than trading the option. Put or Call. Doesn't matter
We need a SOLID floor.
Happy Trading everyone and remember,
Scared money don't make no money!
BITCOIN SHORTS are Trapped! From Maximum Bull to Maxi Bear PainAccording to this chart and information from datamish, it appears that the tide has formally turned in the favour of Bitcoin Bulls taking the reigns from overextended robobear BTC Shorts operating in the darker regions of cryptosphere. Shorting the Bitcoin Short/Bear so it's ultralong Bitcoin as World Reserve from $55K or so... Anything under $100K for real Bitcoin is a steal. Don't buy the unbacked fake and fraudulent US "regulated" Bitcoin fake ETFs ad Funds. A total US clown show the World has had enough of! Let's get to real fair trading, Bitcoin with it's math, truth and verifiability, is the King.
XELA about to breakout. PT > $8All indicators point to a breakout.
The company signed multiple new clients.
Possible short-squeeze is also in play.