With uncertainty in the air the market not just AMC and other memestock in general is panic selling. Major general market as well is bearish, such as the SPY for example and including stocks like NFLX had recently suffers a lot downside. However I think this is the perfect catalyst for AMC short squeeze imo. Will 2008 Volkswagen occur again this year? Nobody...
ETC been falling ever since May 2021 with a peak of $175. I believe we are in huge upswing. I believe ETC just broke its first downtrend and is testing $32 as the new support. I believe it will have a rally bounce from $32 and finally break from $34 resistance. If not ETC probably retest $29 but I doubt that.
Its been over 8 months since ETC leg up to $175. We have touch the bottom probably 4 times. Is it time for reversal. ETC has form what it looks to be a bullish flag. Ripe for a strong leg up 1.618 fib suggest $280 minimum. Higher fib suggest $500 or $600.
I been hearing Wyckoff Accumulation some time and been researching here and there. I don't believe it but if it's true. Here is it what it looks like. Shout out and cheers to gencollado and his buddies. static.ffbbbdc6d3c353211fe2ba39c9f744cd.com
AMC lower prices seems to be increasingly getting higher. It appears AMC might be forming a right inverse shoulder. If that were to be the case AMC can break to $48-$50 easily. Will am AMC get back to $50s again?
It appears ETC has broken the falling wedging confirm another higher lows.
It appears Ethereum Classic is almost breaking out the bull pennant. The $65 was the peak before the sell off. Based on the fib ETC can squeeze to ath $600 soon.
From the $34.50s to $47.23 sell off. The 1.618 suggest $55 is the next swing. From what I see today AMC peak at $44 and start to show bearish signal. I expect harsh retracement. Ideally I would love it dip around $40-42 and consolidate goes up. But if it has a harsh reaction $37-39 is the bottom. AMC atm most likely will form a smaller symmetrical since the...
From the after the hours price action it appears AMC wants to push higher. If it gaps up Monday and then the bullish pennant is over. If it breaks out $44. $46+ is the minimum target.
Okay so I waited a week for the price action. $34.50s (I call $33 but I was wrong but I was okay with $34 because $36 bounce was unlikely to me) was the bottom and we explode to $44.21 before selling off. Expect a bull pennant this week into next week. If we breakout this bull pennant. Expect $48 the resistant again and creating a rising wedge to the $50s again. I...
I called $33 as the bottom and wait it until November 1st to see. But what I saw today price movement might suggest $34.59 is the double bottom. If it continues to dip to Monday. Then $33 is still in play. What I like to see is can AMC bounce back up to $38-$39 next week quickly and then break the $44 neckline to $53? I don't expect much price movement tomorrow....
This probably my last AMC publish article for this month. I don't believe in fractal theory. But If $AMC hits $33 and bounces off quickly to $40 again. It confirms two things. 1. $33 is the next double bottom. It becomes the new high lows. ($28 was the last double bottom before we hit $53 and fall down.) Along with completing the 3 drop of the falling wedge. 2....
3 weeks have pass since October. I was wrong about the bullish hammer. I expect to go up today but it went down. One pattern I hesitate and over look was the head and shoulder pattern. The price action today confirms the head and shoulder patterns. Interestingly back in September the same thing has occur. And now what to expect October. Will the algorithm repeats?...
Today AMC experienced a volatile strong start all the way to $41.94 which was near my .618 resistance although I was wrong because I thought perhaps $41.10 was more of the resistance. And then dip harshly today. Even so today AMC played my falling wedge. Now with today price action $AMC broke down the bull liquidity zone of $39 to $38.82 in the last 30 minuts but...
Today price action confirm a falling wedge that I sketch. So far no strong sign of bullish divergence yet in the 30 min chart. I expect more volatility tomorrow and Friday. The target will be based on the Fibbonaci of .236 with our recent high at $44.44 and the current low based on the first green candle opening at $37.80 at lowest of $37.75 on October 14th. The...
We saw a symmetrical triangle as one of the possibility it will form. I did notify about a bearish divergence. As I expected it retrace back around $41 today. In the last 1.5 hours I was giving a glimpse of dipping red price. Is this the first sign of a falling wedge? What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to...
For the last 3 days AMC experience strong increase movement in price an movement in the 30 min chart. On Friday AMC finished a Falling Wedge. What I see right now is AMC buying volume is getting weaker despite holding strong today. I start to see bearish divergence in 1hr chart and a bit in 2hr but not yet confirm. We could experience a symmetrical triangle today...
Although AMC experience strong movement today and yesterday. It is possible for AMC to retest the $38 tomorrow. What I like to see is can $AMC retest $44 tomorrow and close it there? If so the weekly chart suggest a bullish breakaway. If not I will readjust. My conviction is that at first AMC was showing bearish divergence in the last 2 hours but the 1 min chart...