Forwarded from CryptoCapo TG
$SOL update ✅
Expansion after 6 months of consolidation. About to reach new ATH. The reaction there would be important. If the bearish thesis is right, we could see another retracement from there to the major htf support zone.
Expansion after 6 months of consolidation. About to reach new ATH. The reaction there would be important. If the bearish thesis is right, we could see another retracement from there to the major htf support zone.
🤣10😁2
Forwarded from infinityhedge
MICROSTRATEGY DOWN 15% AFTER CITRON RESEARCH REVEALS A SHORT POSITION
Crypto Mumbles
every pump has been faded so far and its trading at ~5m rn given how viral it is on tiktok, how is it not at least 20m?
nothing changed, i bought more understand on the floor here
market will reprice it eventually
theres time to accumulate imo, take it slow
market will reprice it eventually
theres time to accumulate imo, take it slow
👍5
Forwarded from The Horse Hangout
The Livermorian Centurymark is a term that captures the psychological and technical importance of round-number price levels in the stock market, especially those ending in zeros, such as $100, $200, $1,000, and so on. These levels have a magnetic quality, drawing attention from traders and investors because they are easy reference points and psychologically significant milestones. Jesse Livermore, one of the most famous traders in history, was among the first to recognize how these centurymarks often act as crucial battlegrounds for price action. He observed that stocks approaching these levels frequently face resistance, as traders tend to take profits or hesitate to commit further. However, once breached decisively, these same levels can trigger explosive momentum to the upside.
For example, consider a stock hovering just below $100. Traders might place a high volume of sell orders at or near this level, expecting resistance. But if strong buying pressure drives the stock above $100 and it holds there, it often creates a self-fulfilling wave of momentum. Livermore noted that this move above the centurymark can signal the start of a new bullish phase, with market participants rushing to buy in fear of missing out. Conversely, if a stock repeatedly fails to break above a round number, it can lead to a reversal, as the inability to conquer that level erodes confidence.
This concept isn’t limited to just stocks. In modern markets, round numbers are just as significant in major indices, commodities, and even currencies. For instance, the S&P 500 breaking above a level like 4,000 or gold crossing $2,000 an ounce often leads to strong follow-through buying. These moves reflect Livermore’s observation that once a centurymark is decisively broken, the market is signaling it’s ready for the next leg higher. On the flip side, major failures at these levels can act as clear signals of rejection, often preceding a larger pullback.
The centurymark idea highlights the power of market psychology. These round numbers may not have any inherent value, but they represent milestones that influence how traders think and behave. Livermore understood this long before modern technical analysis became popular, and his insights into the human side of trading remain as relevant today as they were in his time. Whether you're trading individual stocks, ETFs, or major market indices, watching how price reacts at these levels can provide critical clues about future market direction.
For example, consider a stock hovering just below $100. Traders might place a high volume of sell orders at or near this level, expecting resistance. But if strong buying pressure drives the stock above $100 and it holds there, it often creates a self-fulfilling wave of momentum. Livermore noted that this move above the centurymark can signal the start of a new bullish phase, with market participants rushing to buy in fear of missing out. Conversely, if a stock repeatedly fails to break above a round number, it can lead to a reversal, as the inability to conquer that level erodes confidence.
This concept isn’t limited to just stocks. In modern markets, round numbers are just as significant in major indices, commodities, and even currencies. For instance, the S&P 500 breaking above a level like 4,000 or gold crossing $2,000 an ounce often leads to strong follow-through buying. These moves reflect Livermore’s observation that once a centurymark is decisively broken, the market is signaling it’s ready for the next leg higher. On the flip side, major failures at these levels can act as clear signals of rejection, often preceding a larger pullback.
The centurymark idea highlights the power of market psychology. These round numbers may not have any inherent value, but they represent milestones that influence how traders think and behave. Livermore understood this long before modern technical analysis became popular, and his insights into the human side of trading remain as relevant today as they were in his time. Whether you're trading individual stocks, ETFs, or major market indices, watching how price reacts at these levels can provide critical clues about future market direction.
👍1
Crypto Mumbles
https://x.com/knveth/status/1859630213698814146
chat what part of the cycle is a president flexing btc gains on his ig story
🤣14
little did we know that by making token creation so easy with pumpfun
instead of coming in to buy your bags that you packed so readily for them, retail comes in and launches their own tokens instead
pretty sure nobody thought of that when bullposting pre-election LMAO
instead of coming in to buy your bags that you packed so readily for them, retail comes in and launches their own tokens instead
pretty sure nobody thought of that when bullposting pre-election LMAO
🤣10
Forwarded from Zoomer News
Forwarded from Zoomer News
Sec: SEC Chair Gensler To Depart Agency On January 20
https - //www.sec.gov/news/press-releases/2024-182: Tree
🔗 velo.xyz
https - //www.sec.gov/news/press-releases/2024-182: Tree
🔗 velo.xyz
Forwarded from unfolded. DeFi