Tailored Brands channel break, double bottom, short squeezeTailored Brands has been in a *steep* decline since its high of 35.86 in May 2018. It fell all the way to just above 5.00 this month. Wow.
However, I see signs of reversal.
Firstly, we've broken out of the downward parallel channel that the stock inhabited for a year.
Secondly, We've formed what looks like a double bottom pattern.
Thirdly, the stock's fundamentals are starting to look better. Its 3.82 P/E is attractive, and its forward P/E of 3.07 is even better. In the last 3 months, insiders purchased a net 143,015 shares-- much more than the net 36,253 shares they purchased in the 9 months previous. TLRD beat estimates on its last earnings report, and it said encouraging things on its last conference call about reducing China exposure. Plus, there's news this weekend of renewed trade talks between the US and China.
As a bonus, short interest is 35.47% of float, which makes this stock a good candidate for a short squeeze. If the year-long trend changes and the price begins to rise, it could do so very quickly.
Shortsqueeze
Double bottom in LCIThis isn't just any double bottom. This is a double bottom in a penny stock with awesome analyst ratings and some of the biggest short squeeze potential in the market right now. When this runs, it could run fast.
$TSLA Long setup - Horz support/100ma/50% retraceNot sure why I hear there's thousands of shorts opening up here at $193. This is where you start going long. Chart is self explanatory, we're sitting on the 100ma Monthly (white line), at Horizontal support (180-190), and at the 0.5 fib from bottom to All time high. Seem's like an easy play, I don't know if it'll be a "reversal" point but there should be a decent bounce. Let's what the news is in the next few weeks, I'm looking for a shortsqueeze and sharp bounce within a week.
Check my last chart on AUD/USD which played out well, decent bounce and potential to go higher.
Tesla Bounce and short squeeze setup. Tesla has been hammered with downgrades on demand concerns and the trade war. ONLY Negativity headlines are covered in the media and the selloff has been exacerbated by shorts. After the stock initially sold off and hit its 50% retracement, which it has done before and had an incredible v shaped revery... the stock recovered and closed higher even as the market sold off strongly. Helping shares recover was a leaked email to employees where Elon Musk says demand is stronger than output and they will have an all time record qtr in deliveries. Short interest is at almost 30% and everyone is negative on the stock after all the downgrades and headline making $10 & $36 price targets. The chart and indicators point to a reversal and the indicators are signaling a buy as well. With doubts about demand erased. Bears have little case on lack of demand, and i suspect it will trigger a huge short squeeze. Especially if analysts revers their tune on the leaked reports.
Bitcoin: The Master PlanThe Whales' Master Plan
The Plan:
1: Accumulate a large amount of bitcoin at a low price
2: Unload the large amount at a high price
To do this we will need a large amount of participants willing to buy bitcoin at a high price or forced to buy bitcoin at a high price.
Hindsight is 20/20
BTC/USD : Short Squeeze ! 82449145$ have been liquidated !Hello everyone,
I hope you are fine.
Firstly.. Happy Squeeze Party !
Indeed, i'm very happy to say that more than 80 Million of $ ( 82449145$ now ) have been liquidated in two days !
Since 03H30 ( morning time, Paris timezone), 33.943.782$ have been liquidated on Bitmex !
You can monitor and analysis all Liquidated Positions here : brutal-trade.io
So... battomed out ?
Bitmex Funding Rate IndicatorDisclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge
I consistently track the funding rates on Bitmex as a way to understand if one side of the trade is too crowed. This can be a very powerful indicator for identifying squeezes, both long and short, before they happen. This is currently the most important indicator for me in regards to the Bitcoin Price Action.
Almost every metric shows this market as being overbought over the last couple weeks while it has tested the major area of resistance at $5,800 - $6,500. The majority of people did not expect this rally to get past $6,000 before a significant correction and I was certainly one of them. This is exactly the type of environment when one side of the trade will get too crowded and that appears to be what happened over the past week.
The indicator that I'm using can be found under "Bitmex Funding Bars" and it is a great way to illustrate how powerful this tool can be. I drew two horizontal lines which indicate buy and sell signals. The sell signal occurs when longs pays shorts 0.07%+. The sell signal occurs when shorts pay longs 0.08%+. These rates must persist for a week before the signal triggers. The vertical lines represent hypothetical buys / sells based on this indicator. As you can tell it has been a great way to forecast upcoming price movement throughout this bear market.
A good confirmation for this indicator is the futures curve. Backwardation occurs when spot is more expensive that the futures and this confirms a buy. If there is Backwardation while getting a sell signal then the entry is not confirmed. The confirmation was not applied to the hypothetical buys / sells in this chart but it is something to consider.
This post has been marked as Neutral despite getting a confirmed buy signal. That is because I simply cannot stomach buying after a prolonged markup in the price. I strongly prefer to let the market come to me and therefore am waiting to see what happens when we eventually do correct, even if that means paying a higher price. Nevertheless I thought that this is a great indicator that is very important right now. I have been expecting a correction for weeks, but now I see that there is plenty of gas left in the tank for another leg up, despite being overbought at a major level of resistance.
Everything under control. Was it trap? I warned!Come on.
Everything under control.
Broadening WEDGE enabled.
It was a beautiful BULL TRAP coming out of a large Falling Wedge followed by a False BULL FLAG. Great move. Great trap. Bears are still in control, are not they?
Take a look at my previous STUDIES and they will prove the armed farce. You were warned.
I'M NOT TOP TRADINGVIEW
I'm not a FAMOUS
I do not want your MONEY
I'm here to help you
And in the end I'm the CRAZY!
It was a BEAUTIFUL SHORT SQUEEZE
Short squeeze! Thank youWhat is a Short Squeeze
A short squeeze is a situation in which a heavily shorted stock or commodity moves sharply higher, forcing more short sellers to close out their short positions and adding to the upward pressure on the stock. It implies that short sellers are being squeezed out of their short positions, usually at a loss, and is generally triggered by a positive development that suggests the stock may be embarking on a turnaround. Although the turnaround in the stock’s fortunes may only prove to be temporary, few short sellers can afford to risk runaway losses on their short positions and may prefer to close them out even if it means taking a substantial loss.
I WARNED! SARDINES BOUGHT
BQX ShortsqueezeI think we're currently seeing a short squeeze causing Ethos to shoot over 100% in the last hour. Traders who sold in the 4000's are currently covering their positions. RSI in all time frames are very oversold. I see price going back to the 3000's in the next few days. I have checked their reddit and chatboard and there is no news that would explain this pump.
Give me a like if you agree. Leave a comment if you disagree.
BTC Next 8 days -> to 3880 (4000) > Sideway > New LowFirst, please excuse my English as I normally speak German (Switzerland).
I expected Btc to move higher last Wednesday/Thursday Night, but instead of that it took two hard beats without real bonces. It looked like the first down move again was an unnatural move which could be triggered because of:
Whales filled their shorts in the days before and began to sell -> break out traders joined => leveraged longs began to stop out and pushed the whole mess down.
So we are now in a range between 3650 and 3750 for some days. There was always some support below 3680 and also some resistance above 3720 - both directions without real volume. It could be a sign that the big boys are waiting until Monday for open Markets and more volume and begin then the next move.
I think it is totally impossible to predict who this move will loke like as it seems to be very easy for big players and their Telegram Groups to trigger up or down moves with combined just some 1000 Btcs and then the long or short squeeze will do the rest for them. So its 50:50 and traditional TA beyond Volume is not really helpful - especially Fibs, Eliots etc...
My feelings are that they are not finished yet with us and will initiate a short squeeze with a potential wick up to 4000, sell then immediately down to 3880 and then we continue some days in a range around 3800 / 3900 . Saturday night is manipulation night (yesterday surprisingly not) and they could initiate a long squeeze and then Monday 21.01. the big breakdown. We have not yet seen capitulation yet - but eventually it will never come. There are just not enough retail Btc holders anymore and in the worst case the big boys will play this game down to 1000$.
Thats the plan I will stick to. Long for very short term: Small position with SL around 3600 and TP around 3950 /4000. After that I would open a small short position.
Good luck everybody out there and may the force be with you.
$BBBY Possible Parabolic Short Squeeze Gap Fill Coming AheadBased on this chart (using fib retracements) and current short float (26% - according to shortsqueeze.com), I have notated possible targets for the next day or two. Could go as high as $18 on a parabolic short squeeze to fill the most recent gap.
Buy All The Crypto - Short Squeeze is Here!Litecoin is about to explode higher. Most of the Coinbase coins will likely follow Bitcoin through the next resistance level, but beaten-down Litecoin and BCH(ABC) are set to gain the most. Both could double in a matter of weeks. Just buy every dip until proven wrong as crypto squeezes higher. I'm even buying XRP and XMR here lol