Wsb
Silver - 8% Higher - Thanks WSBPrice has started shooting up 8% today so far due to Reddit users, if buyers continue when the US session kicks in then we could see this could even higher to 35.00
WSB index - goat week aheadWSB is hot like hot hot. FTX created a index of their moves.
Trade it here ftx.com
AMC POTENTIAL PRICE TARGETSOBVIOUSLY THESE PLAYS DON'T CARE ABOUT TRADITIONAL TECHNICALS / FUNDAMENTALS - BUT THESE ARE MY THOUGHTS.
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.
Psychedelics rally coming upBuy Case :
Increase demand for mental health services COVID indirect impact.
New and Innovative way of tackling depression and other mental health disorders and mental issues.
Correction from the high and expecting little consolidation around the price points mentioned in the chart
Any ideas and comments are welcomed!
Thanks in advance!
Together, we stand strong!
The $SLV Squeeze? WSB Next Target! 2/1/21Video breakdown on the $SLV squeeze talked about in the WSB! What does the chart say, and what are your levels?
Where Will r/WSB Send XRP?This Idea is Based On The XRP Pump Group, Which now has over 220k Members..
Not Financial Advise*
Looking For Price To Hit 1.272 & 1.618 Fib Levels Based On Our Fib Channel!
Will Take Profits @ price targets as we expect prices to correct*
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GME- Bullish Pennant - Can you handle the vertigo?Judging by the pattern, a bullish pennant, and the close on friday at +65% or so, clearly above the key supports (25 and 50 MA on the 15min chart) this is a bullish setup.
The weekly chart stochastics are pointing firmly up as well, it looks like we will have a bullish breakout on monday.
The high volatility on this stock means you can lose your shirt easily, take care, this is not sustainable in the long term but with the ammount of interest in this stock generated, do you really think this is where it will collapse? I do not think so, bubbles always last much longer than people expect, because it attracts all kinds of players who know how to benefit from the momentum and the mania. Drive this up even a little and boom, everyone jumps on it.
WSB is over 6m users now, that is an increase of 4 mil users in 2-3 days. If they each buy 5 shares avg. (conservative) that means 20mil shares will be bought. Then there is all the media mania and millions watching that. Looks like the perfect storm to me!
I do think there is serious money to be made here if you can stomach it (I felt pretty sick last friday) can you handle the vertigo of these swings and dizzying heights?
This is not advice, just me talking out loud to myself.
The golden meme zone of $69,420Look. Let’s be real here. This is a bubble. But bubbles go up and down.
The shorts are not yet sold. Let’s take a look at some bubbles for the next 1-3 months. This is not financial advice. Please don’t talk to your broker about GME, it’s now a meme.
So, we are at $312 right now. We almost broke out of the red bubble here. And I’m sorry if the charts messy, it’s just the whole thing is messy.
Anyways $312 to $2,500 is where I think we are going. The Fibonacci circles from top to bottom actually confirm this and if momentum is to continue...well let’s see.
From $2,500 we need to push higher. I have it labeled on a red rectangle saying absolute top. This is where we don’t know what’s going to happen.
I can’t see my chart anymore but I believe the rectangle is in the lower 5 digit range. This could be the absolute top. However I could be absolutely wrong! This is where the Golden meme zone comes into play.
What’s the GOLDEN MEME ZONE? it’s a joke is what it is. It’s $69,420. Get it! $69 cause lol, and $420 cause blaze it!
Anyways maybe it can get there, maybe not? Who knows. Don’t sell, diamond hands.
XRP longBy the look of it Wall Street Bets are going to be pumping XRP along with other cryptos this week, if this level holds could be a good entry to ride it back up into highs created towards the end of last year
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.
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 $70 could be one of the first levels it breaks through to before finding lower lows.
I honestly think this was all a very well executed pump and dump scheme with months of planning in advance. But even if its not, its good practice to try to chart this while all the chaos and mayhem is going down.
Related idea attached below:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
LINK INVERSE HEAD AND SHOULDERSLook. Lets be honest, these new people in crypto do not even understand what chainlink is. They do not know that it is the ultimate meme coin with the most insane and absurd amounts of meme power. LINK could honestly hit a 1000$ in this world situation. The whole world is going smart. It needs oracles to communicate the real world data to the blockchain and LINK fulfills that function. It is the supreme protocol on the blockchain, allegedly. I believe grayscale is already accumulating.
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
GME Diamond Hands?Buy around 200$-250$ and sell at 300$-350$ for quick profit or hold for the diamond hands.
$SLV SQUEEZE POTENTIALCharts indicate we could be in for another spike, the likes of which we have not seen since the market crash of 2008. All EMAs are converging on the current price point and with a tremendous amount of squeezing to be had in the weeks to come, more and more people will be hedging with silver as the big hedge funds start to take losses. Squeeze indicators show a lot of positive momentum, mirroring the same volume prior to the 2008 spike.
Options in the money currently are adjacent to relative resistance levels are an ideal play in my opinion.
WSB setup for new all time lowsUS equities look absolutely terrible. Real downside is probable here. A potential short here in WSB could be a solid risk conscious setup. A trade here might be to short a pullback to 561 with a stop loss at 645.40 and target into all time lows of 291.25 giving at monster 1:3 risk to reward ratio.
Bitcoin, looks very concerning, Chart should target Max Pain!Hello fellow bulls and bears,
And welcome to our Bitcoin, $BTCUSD analysis,
The chart is mimicking several previous "top" formations with key fibonacci rejections.
In our opinion if BTC fails to rally above $37,000 and close above, then the coming weeks will be full of pain and misery for bulls.
-One of the fundamental problems with being bullish, is that 99% of bulls have no backup plan, and their original plan is fueled by hope and greed. Markets tend to not reward the hopeful, nor the greedy, and charts can only rally to new highs after all hope is gone.
The above being said, and by the appearance of the chart, our maximum pain target is around $23k, possibly $18k.
All the above is contingent on a close above $37000.
If BTC can push above, then forget the Max Pain scenario. But if it doesn't..
Trade safe, no fud, stay objective, and learn from the chart's historical candles, and not from your own mistakes. One is free the other costs $$.
Stage a backup plan, and let the market do the decide.
In terms of fundamentals, the "demand" looks strong, with $WSB $DOGE $GME hype, so in terms of being a short seller, yesterday's spike and 61.8 rejection was the perfect rally to short into.
Distribution during peak of new demand is a recipe for crushing hope of all new buyers with a max pain scenario.
Attract new market participants, give them some green candles, then distribute into that high volumeme rally.
Many institutions accumulated their BTC during the 2018-2019 bear market, at $3k, others at $4k during the covid dip, and they've enjoyed an astronomical ride up.
When distribution? If not during yesterday's hype and in the coming week, then I'm not sure..
Flick The Chart ! Ethereum & Bitcoin After yesterday's crazy 900% gain for dogecoin? Why hasn't Etherum & Btc Moon yet? Well get ready folks, I predict the next few weeks are going to be a rocky ride, so flick the chart. Their reason is no valid reason why BTC isn't at $60000 or Etherum at least $15000 yes $15000 for Etherum. These two coins just proved to the world how powerful they really are to the world when RobinHood Halted Trading because, on Wall Street Bets, we all witnessed who really manipulates the markets.
Get ready because these same hedge funds that lost money are going to be pulling out all the stops in the next few weeks in an attempt to short bitcoin . But Bitcoin and Etherum are going to the moon.
Just my 2 cents :)
