THETA: Towards retesting a huge accumulation rangeBINANCE:THETAUSDT has a somewhat similar configuration to the BINANCE:LPTUSDT we talked about in previous weeks. It is showing a very strong retracement, allowing it to come back to the upper region of a huge accumulation range.
This type of movement is often a real opportunity for late buyers! Especially as this zone on the Theta Network is completed by the two biggest Vegas (Daily and Weekly) of the Trend Identifier (BTI), which overlap entirely, providing very solid support.
A move back towards $1.75 therefore looks like a great buying opportunity, especially if we get a complementary signal from the Reversal Identifier (BRI).
Otherwise, THETA could lateralize on its current level just to recover from its recent heavy fall, before resuming its uptrend.
Vegas
ETHUSDT bullish signals resulting from the BSR and BTIOn the ETHUSDT 4-hour chart we just saw 3 nice buying signals from the Blockunity Strength Reversion (BSR) and Blockunity Trend Identifier (BTI) indicators.
As per usual let’s first explain what you see on the chart.
On the side of the BSR we have:
• In red the BSR Upper Line and in green the BSR Lower Line.
• A blue arrow indicating that the Confirmed Reversal Indicator (CRI) just gave a signal.
On the side of the BTI we have:
• The Volatility-Adjusted MA (VAMA) an evolved moving average that considers the volatility of the asset to better reflect the state of the market. Depicted in a red and green line regarding the position of the asset compared to the line.
• The 1-Day Vegas Cloud in dark blue which is a trend following indication.
Coming to the signals that were just emitted:
• The CRI gave a buy signal which is an indication that the asset was in a long and strong period of excess (blue arrow).
• The last 4-hour candle closed above the VAMA for the first time since yesterday, which is a bullish indication.
• Also, a Combined Buy Signal was emitted, resulting from a bullish VAMA & Zero Lag Signal.
We will have to see if the VAMA can hold the price evolution of ETH and enable it to continue its positive trend of the last few days.
LVS is full of DistributionLas Vegas Sands is experimenting distribution. The target for LVS is 38.15 - 37.49. The upside levels area 39.98, 40.66, and 41.33. The downside is 38.81, 38.15, and 37.49.
We can speculate why the stock ran up today, but at the end of the day I don't care. I care about the price action of 'how the market is reacting' in order to take advantage of what opportunities the market is providing.
In this environment I'm looking for a potential re-test to the upside levels and turning those into short term positions.
We have faith in LVS to make up big groundBased on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 2, 2022 with a closing price of 44.4.
If this instance is successful, that means the stock should rise to at least 44.86 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.912% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 11.262% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 21.391% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 20 trading bars, and one-quarter require at least 31 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
MGM Q4 earnings and revenue exceeded analyst expectationsThis stock has more than doubled since my first call:
and now the American Gaming Association estimates that $7.6 billion will be spent in wagers on this year`s Super Bowl!
That`s 78% higher than 2021.
The record breaking year could mean a record price for MGM stock as well, now that MGM Resorts International is seeking more international exposure as well.
MGM Q4 2021 Earnings:
Adjusted EPS $0.12 vs $0.02 expected
Revenue $3.1B vs $2.8B expected
Las Vegas Room Occupancy Rate 86.0% vs 82.4% expected
My price target is a double top at $51.20.
Looking forward to read your opinion about it!
SAITAMA is BULLISH!!!We have now reached another milestone of all time high! The event in Vegas is tomorrow evening and I couldn't be more excited about it! We have broken resistance and reached a new price range. From here i would look for a retest than a continuation up in price! Trading volume for this token is also at an all time high as new account holders are entering the Saitama community! We have several new exchange listings on the way and we are still very early in this project I do believe so holding may be the best strategy. I hope this information was helpful and I wish everyone great success on their crypto journey!
SAITAMA!!! ALL TIME HIGH WOLF PACK!!With now over 200K holders and the Saitamask release Event Nov 13th there is alot of momentum building with this project! There will be several Exchange Listings as well as New Partnerships in the next coming weeks! All I can say is buckle up and get involved if you are watching on the sidelines! These are exciting times! Now that we have reached a new all time high you can expect some consolidation at this current price range until the next price surge! The Event is Nov 13th, if you haven't done your research on Saitama I strongly advise you do! I hope this information was helpful and I wish you all the Best!
Saitama Looks Very BullishPossible opportunity for entry! We are 4 days away from the Saitamask Event in Vegas and the price is consolidating steady! If you are on the fence of investing into Saiatama there is a small window of opportunity presenting itself before price moves to its next price zone in the coming week or so! There are now 191,000 account holders at the time of this post! We are expecting 200k holders before the event on Nov 13th! There will be several surprises being revealed about the future of this Crypto currency that will generate excitement and more investors into the Wolf pack Community! I hope this information is helpful and I wish the best to you all!
How to trade with Vegas Tunnel ?Vegas Tunnel is very easy to learn,only need five ema .
❗❗❗This post we do long for example ❗❗❗
🚩Preparation🚩
Set up 5 ema as below
12 /144/ 169/ 576/ 676
We use the number to find support or resistance .
12 ema I will call it confirmation line.
144/169 ema we treat as short term tunnel ,I will call it Green.
576/676 ema we treat as long term tunnel,I will call it Purple.
🚩Conditions🚩
1️⃣ If price breaks down or touch the Green/Purple and goes up quickly.
2️⃣ Wait for price stand firm 12 ema
3️⃣ Make sure 12 ema "NEVER" touched Green/Purple after condition 1️⃣
If meet all the conditions ,SL is the lowest point after it broke down.
TP can setup previous high and take some profit if the TP be hit .
This is the easy way to make strategy for beginner.
Do not follow the random signal or feeling if you are a beginner.
Do your strategy and follow it !
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
$FLOOF, The Largest MJ Cultivator in Nevada!(I'm not a professional, and I have no background in ... anything! Read this at your own discretion)
Oh man, I've been seeing a ton of buzz about the booming progress of a reopened Las Vegas. Everyone's all, "Oh man, buy MGM and Caesars!" but I'm convinced that folks smarter than me have already done that- so the amazing strides the city has made in the last 3-6 months are likely priced in.
... Unless you know where to look.
There's a lot of background to absorb with regard to Flower One's operations over the past two years, and I'm far too uneducated to explore it with any depth. My understanding is that some of their licensing deals were less-than-advantageous, and I'm aware of a transaction that fell through with Subversive Capital; I'm also guessing that their revenue estimates were a little too lofty, and the higher-than-expected previous cost of biological assets ate into the company's ability to operate profitably. Oops!
Oh, and historically, their products had left a lot to be desired. I know what you're thinking: "consumers don't matter! it's stonks!!" Bro, I'm not paying $60 for weed that's bad on purpose . Nobody is. Was anybody really surprised when the Old Pal eighths weren't selling for $60? It was supposed to be a budget brand!
This is a turnaround story; how we got here is important to note. Now let's talk about how it's going...
Quality of products are way up. I'm saying this from an individual consumer perspective, but it's also evident in various social feeds. Folks used to frequently pile on the criticism about the quality of Flower One products, but in the last six months, that derision has turned into surprise almost across the board. There are a few vocal detractors who won't be won over without the "best, terp-fueled top shelf exclusive flower (45%THC!!)," but I'm betting that the majority of people will soon come to accept Flower One as a legitimately successful cultivator. +Bonus points for also being the largest in the state.
Oh, sorry- I haven't mentioned that yet! Hey, take a minute over on Headset and tell me who is sitting comfortably with five or six spots in the top-selling flower category (for Nevada). Is it still $floof with the top three? They've held these spots for months in addition to top sellers in the vape cartridge category. I'm not a mathematician, but I get the feeling that they've sold a vast amount of marijuana products. It should be noted: the SKUs represented in Headset sales barely scratch the ramped-up production from the last three months. There are hundreds of additional products that I know for a fact are selling like fire. While it's true that they're paying licensing fees (I'm guessing!) to grow and sell the top-end products, I'm thinking that the sheer volume offsets any disadvantages attached to branded products.
There's still a lot of risk here considering the delayed financials and the current debt load, but I'm personally waving off those concerns as necessary FUD. Heck, the "financial disclosure delay" situation is at least somewhat understandable considering the huge amount of work done restructuring the company's debt- the same auditor had a few other delays amongst other small cap marijuana companies, so I've got hope that it will all be appropriately sorted out in the coming days. Part of the restructuring deal was offering vendors equity, if I'm not mistaken- wouldn't they now have a vested interest in the success of the company? Personally, I'd think so.
Anyway, I don't really know what I'm talking about. I'm not sorry if you've read this far- that's 100% on you. I've got a tiny baby cash account, so my positions and opinion don't matter.
DKNG Increasing their advertising budget to $44Million Obviously this industry is trying to get a running start on claiming a vacant spot since the pandemic. If the industry as a whole is multiplying their advertising budgets by 15X its not out of line to think that their overall profits will increase as well. Is double industry earnings year over year out of the question?
by iCantw84it
05.19.2021
MGM Clearly Bullish, Get In Before Labor Day!MGM's growth has been fenominal through the past month as it climbed to new record highs. We seem to be hitting a respectful resistance, but now we have a even more respectul consolidation. I cant see MGM retesting another other supply levels in the future, as these next few days will look good for vegas, and especially the ballagio! People from all across the west are booking rooms for labor day as they are confirmed "Travel safe during COVID-19" (Trip Advisor). This is an extremely undervalued stock and I have high expectation for the upcoming week.
BITCOIN Diamond DollarThis is a chart.
This chart contains several drawings.
These drawings are made by several connecting lines.
Some lines are quite visible while other lines are almost invisible.
This chart contains less visible drawings than invisible lines.
Indicators and other spoilers might also appear in this chart.
Some indicators are lines that could potentially spoil drawings in this chart.
Spoiled drawings are nevertheless indicated by red invisible lines.
You can also notice some
Legends (LGD) Confirmed Breakout (890%+ Profits Potential)I was given a tool today to check out "news" and events for all sorts of cryptocurrency coins/projects. After looking at Legends Room, I can see the team behind this project is organizing an event/meet up in Las Vegas tomorrow (13th Jan). So, is this going to make our trade stronger? Will this help move the price or build up momentum? If yes, then we'll take it. We can use this to our advantage, this might be something that can help improve our trade but in the meantime, let's look at the charts, I believe they have something to say.
Our trade today is for Legends Room (LGD). I believe we can make some money trading this coin. I truly do... let's look at the charts.
*** Legends (LGD) Trade Analysis & Instructions by Alan Masters ***
>>> Instructions
Buy-in: 0.00016 - 0.00022
Note: What this means is that you can buy this coin as long as the price is below 0.0002100 btc.
Targets:
(1) 0.000462
(2) 0.000662
(3) 0.000982
(4) 0.001492
Stop-loss: 0.000096
>>> Indicators
- A strong breakout can be seen on the daily chart, which happened on the 25th December. You might look at the chart and think that the increase in price is small, the candles are not so big based on the last all time high, but when you look at the price swings closely after this breakout, we are talking about a 100%+ price increase. So this is a strong breakout, and we are now in this new trend.
- If I draw a channel on the chart above, you can see clearly what I am talking about. This channel can be easily broken.
- The weekly chart is pretty basic but really strong. All the indicators are strong. Retrace and consolidation are needed and are a normal part of the market cycles, so this will be part of this trade as well.
- Low trading volume signals that the action is yet to start, this allows for plenty of room for growth.
>>> My Message To You Today: More Money
Today, let's focus on making even more money.
Remember that all you need to do is buy and wait. While you are waiting you hold.
Hold your coins. It is pretty simple.
You buy and hold, and hold while you wait.
The next step are the targets, that's it. You are in profit now.
You can sell the targets in whatever way you want.
You can sell a small amount on each target, you can sell everything, it is up to you.
You are in profits. So buy and hold, then sell on target.
That is actually how you get to the profits... with patience.
Namaste.
Mantra: "Om Stanesha Vahtu Nevehem"
C:Potential Gartley Pattern and the Vegas ChannelThe potential Gartley pattern will complete at 51.5-52.0 levels and the D of the AB=CD pattern also locates at this zone.
Meanwhile the market is moving in the Vegas channel.
So it may be good to sell short at 51.5-52.0 levels when bearish candles appear.
SL:above 57
TP1:47
TP2:40 and further more
Short-Term Dip, Long-Term Gain For LVSOn April 3, 2017, the Las Vegas Sands Corp. ( NYSE:LVS ) 20 day moving average (MA) crossed above its 100 day MA while its 50 day MA crossed below the 200 day MA. Both events have never occurred on the same day. Historically the 20 MA has crossed above the 100 MA 18 times. The stock has a minimal gain of 0.157%, has a median gain of 5.899% and maximum gain of 72.847 % over the next 15 trading days. Historically the 50 MA has crossed below the 200 MA 6 times. The has a minimal loss of 0.661%, a median loss of 4.687%, and maximum loss of 11.732% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 64.5565. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly moving up and recently retreated from near overbought levels.
The true strength index (TSI) is currently 20.5597. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is slightly moving up.
The positive vortex indicator (VI) is at 1.1249. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up, although is retreating.
The stochastic oscillator K value is 72.6098 and D value is 69.2514. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock is coming out of an oversold level, but trending up again.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading up, but could have a brief pullback from current levels first. Based on historical movement compared to current levels and the current position, the stock could lose another 1.5% over the next 5 trading days. After this drop, the stock could move up toward the resistance level around 60. From the close on April 3, the stock could gain 4.9% within the next four weeks. If bought near the anticipated dip, the gain could be greater than 6.5%.