Wallstreetbets
LONG SLV Silver to ALL TIME HIGHS...and then price discovery Let this one play out all throughout 2021. Let's squeeze the bankers that have been screwing with the silver market for decades. Remember this is a weekly chart so give it some time. This one will rip to all time highs and then some while in price discovery. Hold the line boys. Target 1 is at the 1 fib retracement, Target 2 and 3 are at the 1.272 and 1.414 fib extensions respectively. These are conservative targets so once it busts through ATH you are free to judge your own targets. Feel free to de-risk and take partial profits after target 1.
Entry - $26.82
Stop Loss - $20.37
Target 1 - $48.39
Target 2 - $57.89
Target 3 - $63.67
R/R Ratio - 3.21
SLV the most short squeezed thing in the market.Silver has been shorted by everyone and currently, they don't have any actual physical shares of silver. Yet they have all these naked paper contracts that will never be backed up. The actual physical silver asset doesn't exist. The big banks will need to buy back their shorts if we push the price higher than 40. That being said this can be done if we all collectively tackle the big banks. With our winnings from GME and more support, we can get the silver value to where it belongs @100 dollars minimum.
A quick look there is strong resistance at 30 dollars mark but understand that silver has actually broken out of the 25 resistance with the current push and momentum silver will have a great month at the very least.
USDCHF - LongAll eyes on the USD this week to see if we can get some pullbacks, so medium-strength before selling off again. Reflecting this to USDCHF, we could see this pair have a good push up to these previous lows before potentially having swing sells
If we can pull back down to create this head and shoulders, the RR will be much nicer!
WSB index - goat week aheadWSB is hot like hot hot. FTX created a index of their moves.
Trade it here ftx.com
Look for TENGA INC Resistance Test Ahead of Next EC$TNGA is trending upward long and will be approaching a major resistance test ahead of their next earnings call. A positive break could vault the stock toward all-time high levels if current momentum upward holds true to path. Fundamentals are strong and experts are anticipating solid returns.
The Squeeze of the century (180% Target) GME WHO?I'm sure everyone is only reading this because you have heard of the #SilverSqueeze that's trending everywhere.
If you are congrats. You're smart enough to know that investing in Miners is the smartest play of them all, which will most likely yield the greatest returns.
I'm not going to give my full Investment thesis, because I don't feel like typing that much (Look at my other ideas I'm already breaking records with more than 1 sentence).
So I will break down the whole #SilverSqueeze situation very simply
So.
Banks around the world manipulate silvers price by inflating the amount that exists artificially (Paper contracts)
Because of this many Banks and institutions are massively short on silver. With the inflating of supply with these paper contracts (Let's call it fake silver), they aren't actually storing as much physical silver as they normally should be.
Now to mess up the banks people are buying a bunch of physical silver (that banks don't have a lot of) to not only clear their vaults that are already low in volume already (The lowest in history) but to raise demand.
Not only will this increase the price of silver, but it will also liquidate their massive short positions, thus causing a short squeeze sending us to the moon.
Why AG?
We are playing AG because it's a silver miner, and the demand for them will inevitably skyrocket when these banks/institutions will need more silver to meet the demand.
Since #SilverSqueeze, AG has been the leader in the Silver sector gaining almost, 60%+ in the past couple of days.
Also, it had the highest short interest in its history :)
You know what that means? Thats right. Double squeeze, One when silver squeezes and one when AG squeezes.
If you don't believe in my fundamental case, I don't care. Look at the chart. That's the most beautiful thing I've ever seen in my god damn life. Don't ask me to stand up while I'm looking at that beauty. Breaking decade long trend? On HISTORIC volume? After 5 year-long accumulation cycle of higher highs and lower highs? It's a wrap.
Historic searches in Google trend
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Outpacing any other 'short squeeze searches'
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Top Silver miner CEO says they are running low on supply, hinting this could be a trigger
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Top silver sites are already running low on the amount of Silver available in the market place
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Short interest on AG at all time high
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Silver Supply is the lowest in a DECADE
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I can honestly go on, but you get the point....
Buy the damn stock and wait for that 180% target.
How to profit from the next WallstreetBets Gamma SqueezePraise Wallstreetbets
How to profit from the next gamma squeeze?
Diversify into Stocks with strong short interest (Short Ratio) and watch WSB Discord + Reddit.
Why?
Because GME had about 120% short interest and after further investigation from WSB they found out that one of the major market participants who was shorting was Melvin Capital.
What helps is to just ask yourself which garbage company everybody knows but nobody understands how they stay afloat.
Crypto is in a Bubble: Prove Me Wrong!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
www.tradingview.com
Crypto is in a Bubble: Prove me Wrong!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
www.tradingview.com
Silver Lake cashes out on AMC for $713 million after Reddit-fuelBuyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price of the shares as traders organizing on social media platforms such as Reddit snapped them up.
The trade puts Silver Lake and its co-investors in the black following a $600 million convertible bond investment that the private equity firm made in AMC in 2018. Such an outcome looked unlikely when AMC, the world's largest movie theater chain, was battling to stave off bankruptcy last summer, a move it avoided thanks to a debt restructuring deal with Silver Lake and its creditors.
Silver Lake was able to convert the bonds into shares thanks to the rally pushing AMC's stock above the bonds' conversion price this week.
AMC stock price surged as traders targeted heavily shorted stocks . Silver Lake sold its stake over several open-market transactions that day, according to regulatory filings.
AMC itself also capitalized on the rally. It raised $304.8 million by selling shares this week. It is considering new moves to raise capital through stock sales, sources told Reuters on Thursday.
Gamestop ST Update (February 1st 2021)Gamestop (GME) (February 1st 2021 through February 23rd 2021)
Low: $14 - $70
High Targets 1: $627 - $725
High Targets 2: $1,133 - $1,783
I'm honestly so intrigued to watch the new Gamestop and Reddit WSB r/wallstreetbets story play out. I don't know what to make of overall stock price but the price action does not look very safe to me. This will be really interesting to see if the buyers can push the price back past $500+.
If they can pull in enough bulls, price could go to the next 3.618 and 4.236 multipliers at $627 and $724. If buyers can exceed that, prices could meet a peak near $1,133 to $1,783.
If the bulls can't win, it could get very volatile and very nasty very quick. Baseline targets are anywhere from $14 to $20 and this stock could deflate very quickly towards these levels if the sellers start to win. $45 to $70 could be one of the first levels it breaks through to before finding lower lows.
I honestly think this was all a very well executed pump and dump scheme with months of planning in advance. But even if its not, its good practice to try to chart this while all the chaos and mayhem is going down.
Related idea attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
POLS/USDT - Volatility Trade [HVP+Hurst+RevDiv]Since the Hurst has been nosediving below 0.5 to indicate a phase of mean reverting, I'd assume the HVP on the daily would have been contracting as I've seen it do on other similar occasions, (I'm assuming since there isn't enough bars/data history on the underlying for me to straight up read the HVP indicator currently).
On smaller time frames (using the 4hr here), it seems that the contraction of the HVP has completed and the expansion of the HVP has begun, we got this screenshot:
So I'd expect the daily Hurst to start going back up soon.
So with all this information in mind, as well the price being pretty close to the bottom bullish divergence band on the reverse divergence indicator on the daily chart, I've taken a long.
I'm trying to see how many good trades I can make using these 3 fundamental indicators. So far it's been good.
Indicators provided by BAPIG.
Siam.
XRP -- SHOUT OUT TO US -- TIME TO CHANGE THE WORLD!TIME TO THRIVE AMIDST THE CHAOS. WE ARE THE STORM, Ladies & Gentlemen!
Remember why you were here & be the light you hope to see in the world ... USE MONEY AS AN INSTRUMENT OF CHANGE -- THIS IS ON US, PATRIOTS... And where we go one, we go all.
God bless all of you!
#XRP to the MOON