Good Afternoon Apes,
I hope everyone is holding up okay. This week was a pretty rough week all around for all Meme Stocks, especially BBIG. I was really looking forward to seeing $BBIG make some big moves and make a run this week...but with the news of Omnicron floating around and the overall small cap market taking a beating this week(we didn't make any real progress at all).
Disclaimer: This is not Financial Advise, please do your own DD and research, this is only my opinion and should only used for Entertainment purposes only!
I also want to be very candid with you...I don't fully understand YET, what's happening to the price action during this window of Nov.24th--Dec.9th. I've been watcing the price action every day and when I look at the price action of BBIG, I'm always looking at a MACRO picture of the overall trend of the market to determine and understand what exactly is going on. I check what GME & AMC are doing as far as price action goes...I also check to see what some of the other stocks like ATER/WISH/CLNE/WISH/SKLZ/SENS and a few other stocks to see if we are correlating with them or not.
Can the price still run up to my min PT of $13 like I mentioned by Dec.9th? Is there still going to be a price explosion?
- There's still a chance that it can, however the window of opportunity for it to run up is slowly closing as we approach the week of the Dec.9th. My expectation was for it to start running back up starting on Nov.24th---It has not done this at all----But fear not---NONE of the meme stocks are running---this is not SPECIFIC in any way to $BBIG. Take a look at our price correlation in comparasion to some other meme stocks
Nov.24th ---was meant to be start where things kick into high gear----and as you can see, BBIG/GME/AMC/ATER/SKLZZ all trended downwards. I threw in the VIX in there to show the INVERSE relationship at the moment...VIX(Volatility Index) Rising while the price is falling for all the meme stocks. Dec.1st, the Vix took a Dip down while all the MEME stocks recovered and had a little bounce in price action.
Some of you may have noticed around early November...BBIG stopped correlating for a short period of time from GME & AMC----this is because GME/AMC are included in a lot more ETF baskets that get shorted and have outstanding FTD's...which is what caused the spikes in both GME & AMC...but not in BBIG(we were not in those same ETF baskets that caused those momentary spikes)
There's a List of even more stocks that are almost trading entirely in sync with BBIG...including SDC/CLNE/WISH/ROOT the list goes on---but the price correlation is so obvious---that you CAN"T just look at the price action of BBIG and think:
"How did BBIG drop the ball so badly that the price isn't running up during their dehedging window?"
The typical FUD and Shill comments that you'll see is "Ted screwed us beacuse of X, Y, Z" and it's why the price has free fallen and tanked....Okay---if that's your story and your thesis...please give me a thesis for th all the above tickers trading almost in sync with BBIG as well? Does Ted work for GME? Can Ted influence the price of AMC? What about SDC/CLEN/WISH/ROOT/SKLZ/ATER? All of those stocks took a BEATING---yet somehow the story and narriative is "YEP, TED SCREWED US BIG TIME" or I'm also hearing "HUDSAN BAY Screwing US"....Stop thinking MICRO(and looking at just BBIG)---you have to have a MACRO lens on and see the bigger picture as to what is going on around BBIG.
All of these meme stocks are MOVING together. If you are bullish on ANY of the stocks above that I listed...then you should be ultra bullish on BBIG.
Has anyone seen the Prices of BITCOIN tank this week? Can anyone explain to me how a Covid Variant would impact the price of a Digital Cryptocurrency?
- This is ANOTHER thing that everyone should be opening their eyes and paying close attention to. Look at how the CryptoCurrency Market Moves. This is also a VERY heavily manipualted market and it TENDS to give away some HINTS and some insight as to WHEN to expect to see a BIG jump in price in these Meme Baskets. In my opiinion, there should be no reason Crypto Tanks during Covid, if anything it should be bullish for a CryptoCurrency. So why is BTC Tanking?
- The theory behind the Crypto Market Crashing is---The SHF(who are short the meme basket) are selling off Crypto Assets to help meet their margin requirements) and pay off all of these expenses with Future Swaps/Dehedging/Shorting etc.... You can EASILY pinpoint the moments that Crypto Crashed and correlate it with the meme baskets making a run.
- If anyone has seen the Crypto Market at the moment..The whole Market took a massive hit...The Theory behind this is Short Hedge Funds could be selling off their Crypto for Cash to meet Margin Requirements or to Have Cash on hand ROLL the Futures(That's STILL a possibility)---Going to be watching Monday to see what's going on.
Moving into Next Week: What Will be I looking out for? What should you guys be looking out for?
- Please keep an eye out for NOT just BBIG to move....But also ALL of the MEME stocks---If you don't already have these stocks on your watch list, you should add them
- GME
- AMC
- ATER
- SDC
- WISH
- SKLZ
- CLNE
- ROOT
- VIX
- BTCUSDT
- At this point it's really just a waiting game...Buy and HODL...Nothing has changed at all.
- If we don't end up seeing a Price Run up by Dec.9th---Next Date will be Dec.22nd and Mid January.
We are basically at the end game here....I know a lot of you(including myself) are hopeful for a December Run up by Dec.9th(ESPECAILLY the ones who are holding onto options). There's still time for it to make big moves, but just bare in mind, we may need to potentially wait 1 more MONTH. Buy and HODL shares is the way...and if you are degenerate gambler and MUST buy options just because---then GIVE yourself a Minimum 1-2mo BUFFER(always) to protect yourself in the event of some type of delay. The whole MEME basket is ready to explodie---it's just a matter what exactly the SHF's plan is(whether they Roll it, or choose to Fail to Roll and cause basically a January 2.0 Sneeze that happened at the beg of the year.
Anyone who's looking for confirmation BIAS, look no further... I present you:
The CUP-CEPTION Chart Setup---A Cup & handle inside a Cup & Handle
A Cup and Handle is a VERY BULLISH Chart Setup:
The Pink - is the Smaller Cup and Handle
The Blue - is the MAJOR Cup and handle
What happens after a CUP-CEPTION?
BUCKLE UP!
Disclaimer: This is not Financial Advise, please do your own DD and research, this is only my opinion and should only used for Entertainment purposes only!
Hope you all enjoyed as this sums up all my free time for this evening. Please be nice to everyone and support your fellow BBIG'ers---Apes STRONG TOGETHER!
Cheers!
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