Comparing GME squeeze with BGFVBars pattern trace of GME's squeeze overlayed on BGFV's recent squeeze to see if there's a correlation. Maybe.
GME
25% Secured 90% Next?Money Makers!
If you look at my previous GME post, I called the 25%+ target PERFECTLY. You'll see why I thought it would pump. The next major pump should be around 90% from my previous post or around 70% from this post. It's currently at resistance but if it breaks, that's a very bullish sign that the market wants to continue higher. Let's see how it plays out because the market's an unpredictable place. Let me know your thoughts below.
Love it or hate it, hit that thumbs up and share your thoughts!
It's all about Market structure, Area of value, and Entry Trigger.
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Forget everything. It’s moon time boys. & girls. & all others. A message here isn’t very helpful. Everyone knows what’s coming. Everyone knows what is.
All alerts are pointing to the obvious.
Can’t Stop. Won’t Stop. GameStop.
GME ready for a random chimp event?We have just made the exact same % move along this ascending trendline that we saw prior to the last break of wedge, with parallel MacD and RSI signals for each respective period, with almost the exact amount of days left until earnings. AMC postmarket earnings on Monday could trigger a random chimp event here.
The next $GME Bull Run is hereTLDR: November 23 is the day where the first big mega candle appears.
The runups happen every 90 days like clockwork for all meme stocks, but have a bigger impact on the 2-3 main meme stocks with the most options volume. In this case it's GME & Popcorn stock. Fundamentals don't matter here. This is purely market mechanics at work. Usually there's just 1 mega candle 2 days after the 3'rd Friday of February, May, August and November and then the strength of the runup slowly diminshes over the time period of 1-2 weeks where it eventually gets shorted down to a price slightly above it's previous trading average where it stays for another 90 days until this cycle repeats itself.
Not going to go into the technical on why this happens here. It's a long subject on which i've written over 40 pages worth of a "thesis" on to explain on reddit. I'm just here to tell you that the next runup here here. The last chance to get calls is Nov 19 and possibly if we're lucky, on Nov 22. I've already gotten my calls for this runup early even against my own advice. Friday may be the last day before the next runup or it may be Monday. I've already gotten my own calls early on the off chance things pop-off early and i'm going to pay a lot of theta for it. Buying early just guarantees you getting low IV calls if that's what you're looking for.
In any case, godspeed. This is not financial advice and nor am i a financial advisor. I'm just a guy here to tell you when the meme stocks & specifically GME are going to move. I'm not claiming the MOASS here, only a runup like what happens every 90 days. If the MOASS comes along with this cycle, all the better.
GME IS A BEAST WATCH OUT FOR ATH SOONGamestop stock has been following wyckoff accumulation since ATH and I think we are done accumulating now. We also broke out of a giant pennant and bounced on it aswell. The memestock mania is back.
Loopring - The Tidal Wave is coming $LRC I think this chart is insanely bullish and i didnt regret the load up after the 2 Days - Correction & 3 Days -Correction. I dont think this Trend is slowing down, i rather think this Trend is climbing exponential. Im long on $LRC & ye you guessed it also on $GME so maybe a little biased. After looking at the technology that $LRC will provide and using their Smartwallet, i can tell for sure, this is just the beginning. But who am I? You like my Crayons?
u/whocaresfucku on Reddit did an awesome job by keeping it simple and easy to comprehend, definitly worth checking out.
$LRC $GME
AMC's Third Cycle Coming to an EndIf AMC's Cycle Theory is true, this chart has been carefully studied to portray what a 3rd squeeze would look like. This is calculated through, Fib Levels, Time Sequence, Volatility & Volume, Options Expiration Dates and other Analytical Data.
LRC - On the move in the upper fork channelNice pattern fits right in that zone. Looking good for more gains tomorrow
LRC GainsHow far can it go ?
Looking at a couple fib indicators it's following some nice momentum and flowing in a couple support regions.
Crucial SPY test ,MEME counter argument The Fed..
Scholars running the show are now, after denying the fact that the Evergrande mess was contained, are now admitting that the ramifications could spill into the U.S. Economy.
The Fed..
Also sent out a WARNING that the act of holding a meme stock threatens the stability of the U.S. Financial system.
I would like to point out that holding meme stocks isn't the actual problem. Though I am very biased on this, as I am, and have been accumulating AMC for about a year now, the issue is what has happened to make "MEME" stocks an issue along with why it's being called a "MEME" stock.
In my early 20's I worked as a crane rat, learning everything from mechanical to electrical engineering along with ladder logic programming, how to diagnose an issue with a piece of machinery crucial to any random company that needed one repaired on the fly.
If it was a mechanical problem, MOST times it was an easy fix. However when it was an electrical problem there was a lot of wire chasing looking for a short , an issue with software, a bad high or low voltage coil. If it was a fuse, what made the fuse , or circuit pop? Was it a short, or was there a mechanical problem like a bad bearing that led to an overdraw of current that popped or blew the circuit?
In the event that it was certainly a mechanical issue it was fixed by replacing a bearing or what not.
Let's look at the accusation of holding a "MEME" stock as a disruptor in our beautiful financial system.
Let's compare our Financial system as an electrical circuit , which it basically is. You work, you get paid, you spend, money goes back to the manufacturer and you get paid again. The more efficiently you spend your money, you develop a savings and invest in a stock that seems to be doing really well, in the hopes you can increase your nest egg.
When the circuit is broken the fuse blows and the system goes down, not just because of a mechanical issue but it could also be a software issue.
Let's look at the mechanics of the financial system as well.
(1) From Investopedia, "Individual and institutional investors come together on stock exchanges to buy and sell shares in a public venue. Share prices are set by supply and demand as buyers and sellers place orders. Order flow and bid-ask spreads are often maintained by specialists or market makers to ensure an orderly and fair market."
Seems legit right? Everyone is happy, everything works, and best of all its cyclical . I absolutely love this system! It is FLAWLESS! It works, the machine is in tip top order, clean and ready to rock.
It's only when one of the 3 main and/or 6 sub parts of this machine goes bad that we find issues in the circuitry, mechanical and software end of it, and it fails.
These 3 main and 6 sub parts are as listed in the quote above from Investopedia:
1.)The Electrical;
I.) Individual
II.) Institutional Investor
2.)The Mechanical;
III.) The buyer
IV.) The seller
3.)The Software;
V.) The Specialist
VI.) The Market-Maker
Let's test my in the field diagnosis of this machine:
1.) Looks like the Electrical is working just fine. Stocks have been bought and sold by both investors and institutional investors on a day to day, month to month and year to year basis. Heck I even know a guy who has held Microsoft for 35 years. He keeps reminding me how it "IPO'd at 21 bucks a share". Seems legit to me, This is how it's supposed to work.
(2) From the "Wall Street and the Stock Exchanges: Historical Resources web page:
" Stock exchanges have a long history in the United States. In 1790, the Philadelphia Stock Exchange, originally named the Board of Brokers of Philadelphia, was founded. Two years later saw another big competitor—the New York Stock Exchange."
If "1" is working, let's check the mechanical end of this machine: The buyer and seller
III.) Looks like the BUYER end of this machine is working. I can certainly see it's been heavily used and may have had some problems along the way, which I can certainly hope have been repaired. {Robinhood} . Further diagnosis is needed. In this case I would write a note to myself and carry on with the diagnosis.
IV.) The seller. This looks pretty good, minor wear to it, but it is functioning as intended. Certainly not as bad as the "BUYER" end of it.
the Electrical end of this machine has had some problems, a note has been added but overall still seems to be functioning correctly.
This puts me at my third stage of diagnosis. If the electrical and the mechanical aspect of this machine are working, and I haven't overlooked anything, the problem must be in the software.
Let's analyze first the directions of in which the market is supposed to work:
From the instruction manual :
(1) "Individual and institutional investors come together on stock exchanges to buy and sell shares in a public venue. Share prices are set by supply and demand as buyers and sellers place orders. Order flow and bid-ask spreads are often maintained by specialists or market makers to ensure an orderly and fair market." ~ Investopedia
Well, would you look at that!?!? Seems We found the glitch in the machine.
"Order flow and bid-ask spreads are often maintained by specialists or market makers to ensure an orderly and fair market." AND
"Order flow and bid-ask spreads are often maintained by specialists or market makers to ensure an orderly and fair market."
Seems we found the issue, it also seems why we may have found why the "Buyer" showed some defectiveness as well.
This is why no one singular person or anybody should feel singled out for ruining a perfectly working machine. It is when "Special instructions" are issued to a machine without the engineers approval that the warranty is void.
The repair is very very simple. As a field tech, I would simply allow the machine to fail, remove the software and build upon the roots that established it as a working machine.
Let's start with a buy is a buy. what does this mean? This means no dark pools. Not for you, me or God. A lit exchange is necessary to have an open and fair market. A buy is a buy and a sell is a sell . There isn't a loop hole in that. what it does bring to light is a buyer beware and ensure stop losses are set.
T1 settlement. My electric company has the ability to shut my power off remotely, we have high tech machines that do transactions at light speed, but it takes 3 days to transfer money from one place to another? come on, this i T# and T2 settlement shit is rubbish.
Abolish PFOF. This actually should be placed at the top of the list. With todays applications on the Cellular networks, there is absolutely no reason PFOF should exist! Want free trades? Deal with this advertisement first. Or subscribe to our non advertisement plan for blah blah blah a month.
a system much like Bitcoin or Ethereum, where every transaction can be placed recorded and viewed publicly. Which is tied hand in hand with the anti-dark pool update.
Here is your machine from the 1790's working as intended, more efficient and more transparent. When something goes wrong you know exactly where the error occurred.
I am thinking of doing a Yellen , Pelosi essay next. It will be titled Cybernetic Untrustworthy Network Tyrants as soon as I finish some well deserved solitude from the markets and my working life.
Credits :
(1) Investopedia.com "How does the Stock Market work"
(2) Https:guides.loc.gov "Wall Street and the Stock Exchanges: Historical Resources
(1)
Small H&S for LRC/USD - Some ScenariosOverall I am long on LRC, but am looking to add to the stack with some downwards action. Its small, but there appears to be a H&S that could take us to 2.50 or as low as 2.22.
EDIT: I should add, the H&S is drawn fairly steep and I expect it to move anywhere between my drawn downtrend and the downward trendline. I will cut my losses and buy back in upon a convincing break of this line, otherwise will be waiting for 2.30ish
GameStop 2nd massive wave of GME known as meme stock coming !?! After breaking the downward trend line and closing way above it. It is to be expected the GME start a massive rally similar to the one it made earlier and make new highs. Key levels are mentioned in the chart.
PS. such stocks shouldn't be invested without proper risk management. Don't forget to put stop losses near resistance area.
GameStop, an extensive attempt at hacking the Code (link below)Everything you need to know is written directly inside the chart :)
Tadingview /chart/Y8nobi0m/ to navigate it fully
Possible GME Price Targets It looks like we COULD see some price movement this coming week with GME and AMC considering AMC is expected* to report earnings on 11/08/2021 (Monday) after market close. If not maybe GME earnings could make the move in a few more weeks.
Possible GME scenarios
1) Resistance at $234. If we break upwards past $234, I imagine we will AT LEAST see the GAP fill from 287-$297.
2) Support at $190-$208. If we fall below $190 without immediate turn around, we should sell down to the $140 region and lower ($7) before reversing back up to make new highs.
3) Consolidation between $200-$230 until GME earnings where any positive or negative news of growth or about NFT could move the stock big.
Let me know your thoughts.
Note: I am LONG GME and AMC, I believe it is only a matter of time to see new highs with both stocks even if we test 52 week lows before then. Trading is risky, none of what I am saying should be taken seriously, for it is not a recommendation just posting my TA on the stock.
TA on GME. Why not? LolCan you TA something like this?
I can't help but think maybe you can.
There is little interference here.
It's speculation / emotion at it's rawest, and if the Short bubble pops, huge uncontrolled moves can occur....
$GME Q4 may get crazyCould see some GME fireworks in Q4. Trading above ATH anchored VWAP (163.65) and appears to be breaking out of triangle. Needs confirmation, but worth having on watch. Break above $225 resistance zone and $300+ isn't out of the question with MEME strength in this name. Alarms set !
$AMC is so primed for another squeezeFellow apes unite because we are back!
Nice long consolidation, just what was needed, now for the MOASS
All you need to do is HLOD, the simplest thing to do, law of parsimony. Can you do it?
LRC Looks prime to test previous ATH ($2.51)Good afternoon traders!
Just a little bit of fibonacci levels here, LRC is currently presenting a potential bull flag following the breakout of the falling wedge. Stop loss is set just a few percent below the 0 level, with my average entry at 1.073.
A solid entry point seems to be a close on the 15m above this current fib level, with adequate volume and momentum. Looking to see Loopring push up to it's previous ATH being $2.51 with the GameStop NFT marketplace news expected to drop shortly. I currently don't have any targets if/when we break ATH, I want to see how it plays out.
Good luck traders!
Loopring Bull Signal - Massive RSI SpikeLoopring Bull Signal - Massive RSI Spike seen on the 15 minute chart at the beginning of each leg of the ongoing long term bull run. With heavy positive public exposure with the ongoing GME situation, Loopring will be getting massive buying pressure as GME continues to loom in the background. With an announcement of partnership rumored soon, this is likely a conservative estimate.
GME Triangle Formation Almost Complete (Potential 60% Gains)What we see here is the triangle formation that has been in the works since Jan 2021 finally coming to its end. The purple line here is the bottom of the triangle and can be considered to be the 'lowest' price point of the stock. I expect the downturn in price to continue till around Mid-October where it will either shoot back up to the top of the triangle then break past it OR continue beneath the purple line to end the formation. I expect it to go up based on other technical + fundamental analysis - and expect the price to play out very closely to the green arrows provided here. I've closed out my positions in GME months ago but will be looking to get back in if/when the price hits $170 again with a potential outlook of ~60% gains.
