HMNY bottomed [500-150% PP]
Im a the legend of finance, the master of charts.
We are down 94%, touched support, and fools are still shorting this?
Buy now or regret for the rest of your life.
Update:
MoviePass went up by a MASSIVE 100% since I posted this idea.
Just in the last two days, the price has increased by a massive 47.7%.
As a whole, the stock market is skyrocketing.
Bulls are reentering the market with strength...
Should have listened... But it is not too late. The bulls are clearly strongly dominating the market.
After such a V shape recovery I would call it rather safe to go long. 90% odds we go up.
"Master? Master? What's going on?"
"Hello? Mr legend? Where are you?"
Ok but seriously, if you think MoviePass will survive NOW would be a more logical time to buy. I would not for 2 reasons 1 I know nothing about the fundamentals and do not want to bother reading them and 2 stock market probably goes in a recession soon. If MoviePass still exists and has projects and revenues and all that stuff and still priced a few cents THEN hell yeah I'd buy some.
When it goes up 1 million percent vertically it's time to sell/get out, and when it drops savagely - not slowly - it is often time to buy, unless the thing dies.
Let me just copy this text here:
"About 1000 AD, Ibn Sina came up with the idea that an object moving in a vacuum would just keep moving forever without slowing down. In the 1700s, Isaac Newton figured out a way to prove this was true using mathematics. If you were out in space and you gave a rock a push, its momentum would keep the rock moving at the same speed in the same direction until it bumped into something. On the other hand, if you put a rock in space and left it there not moving, its inertia would keep it right there, hanging in space, forever (or until something bumped into it or it came under gravitational or magnetic pull).
Unlike Space, on Earth objects slow down due to friction and/or gravity. In the markets, trends slow down in part to the 2nd Law of Thermodynamics one could argue, but for the more readily apparent reason, we will simply narrow our focus to the opposing market forces. Outside the 2nd Law, a unique thing about a momentum move in the markets is that prior to slowing down and ultimately reversing direction, it will quite often increase in velocity towards the end of its move."
This is valid for EVERYTHING.
In the markets very often moves become stronger and stronger before reversing. When things become extreme, there will often be at some point a sharp bounce (big money coming in or whatever reason) and then it goes down with weakness 2nd Law of Thermo etc.
I know most people are interested mainly in magic beans, and I am too, it is a new market, we had 500 years of stock market we can NOT look at it for a few months, but magic beans? They v only been around for a few years.
We do not even need volume here, if we check magic beans (sorry xd) on the H4 chart since daily and weekly are kinda meh, we can very very clearly see where the selling is strongest.
I am not sharing my indicator, MAKE YOUR OWN. I just cannot find something "built in" that actually shows trend strength. You can see it with human eye anyway, but I don't get why it's so hard?
You can use the boredom indicator I published recently, kind of the same, and reliable.
Here is the post.
It is not perfect, the values are going to depend on the market...
Here it has shown on the daily areas of extreme over-euphoric or over-panicked moves:
I expect we get this ballistic missile move down from 3000 to 750. In a looooooooooooooooooooooooooong time (stupid brainwashed bagH0DLers).
If they never sell ===> Their money is lost as it remains frozen forever.
If they sell ===> They lose money but get some of it back.
The choice should be simple.
If I was to invest I would wait for the stock market to get a whole lot more bearish.
My top rule is: always go against the STRONGEST OPPOSITE MOVE BUT! IN THE DIRECTION OF THE HIGHER TF MOVE. For investing. For trading probably works too but I don't try to do that. Also, once buyers or sellers have shown their hands, don't want to buy in a super strong selloff down 70% and down another 70% 4 hours later right? :D
You can still find videos and posts of people explaining why investing in HMNY is awesome, most of them deleted that but some are left, they all went silent, no one is talking about that anymore...
In the 1-5% of cases they end up being right, they are going to tell everyone, and I mean E V E R Y O N E. They are going to step on stages and talk to crowds, they are going to give investment advice, etc etc.
But the 95-99%? They stfu like the lil obedient sloots they are :D
Lmao. If you don't have the "fear of missing out" you will lose so rarely and get so huge winners. Bad game, finance is boring, TOO EASY I barely flinch.
We are down 94%, touched support, and fools are still shorting this?
Buy now or regret for the rest of your life.
Update:
MoviePass went up by a MASSIVE 100% since I posted this idea.
Just in the last two days, the price has increased by a massive 47.7%.
As a whole, the stock market is skyrocketing.
Bulls are reentering the market with strength...
Should have listened... But it is not too late. The bulls are clearly strongly dominating the market.
After such a V shape recovery I would call it rather safe to go long. 90% odds we go up.
"Master? Master? What's going on?"
"Hello? Mr legend? Where are you?"
Ok but seriously, if you think MoviePass will survive NOW would be a more logical time to buy. I would not for 2 reasons 1 I know nothing about the fundamentals and do not want to bother reading them and 2 stock market probably goes in a recession soon. If MoviePass still exists and has projects and revenues and all that stuff and still priced a few cents THEN hell yeah I'd buy some.
When it goes up 1 million percent vertically it's time to sell/get out, and when it drops savagely - not slowly - it is often time to buy, unless the thing dies.
Let me just copy this text here:
"About 1000 AD, Ibn Sina came up with the idea that an object moving in a vacuum would just keep moving forever without slowing down. In the 1700s, Isaac Newton figured out a way to prove this was true using mathematics. If you were out in space and you gave a rock a push, its momentum would keep the rock moving at the same speed in the same direction until it bumped into something. On the other hand, if you put a rock in space and left it there not moving, its inertia would keep it right there, hanging in space, forever (or until something bumped into it or it came under gravitational or magnetic pull).
Unlike Space, on Earth objects slow down due to friction and/or gravity. In the markets, trends slow down in part to the 2nd Law of Thermodynamics one could argue, but for the more readily apparent reason, we will simply narrow our focus to the opposing market forces. Outside the 2nd Law, a unique thing about a momentum move in the markets is that prior to slowing down and ultimately reversing direction, it will quite often increase in velocity towards the end of its move."
This is valid for EVERYTHING.
In the markets very often moves become stronger and stronger before reversing. When things become extreme, there will often be at some point a sharp bounce (big money coming in or whatever reason) and then it goes down with weakness 2nd Law of Thermo etc.
I know most people are interested mainly in magic beans, and I am too, it is a new market, we had 500 years of stock market we can NOT look at it for a few months, but magic beans? They v only been around for a few years.
We do not even need volume here, if we check magic beans (sorry xd) on the H4 chart since daily and weekly are kinda meh, we can very very clearly see where the selling is strongest.
I am not sharing my indicator, MAKE YOUR OWN. I just cannot find something "built in" that actually shows trend strength. You can see it with human eye anyway, but I don't get why it's so hard?
You can use the boredom indicator I published recently, kind of the same, and reliable.
Here is the post.
It is not perfect, the values are going to depend on the market...
Here it has shown on the daily areas of extreme over-euphoric or over-panicked moves:
I expect we get this ballistic missile move down from 3000 to 750. In a looooooooooooooooooooooooooong time (stupid brainwashed bagH0DLers).
If they never sell ===> Their money is lost as it remains frozen forever.
If they sell ===> They lose money but get some of it back.
The choice should be simple.
If I was to invest I would wait for the stock market to get a whole lot more bearish.
My top rule is: always go against the STRONGEST OPPOSITE MOVE BUT! IN THE DIRECTION OF THE HIGHER TF MOVE. For investing. For trading probably works too but I don't try to do that. Also, once buyers or sellers have shown their hands, don't want to buy in a super strong selloff down 70% and down another 70% 4 hours later right? :D
You can still find videos and posts of people explaining why investing in HMNY is awesome, most of them deleted that but some are left, they all went silent, no one is talking about that anymore...
In the 1-5% of cases they end up being right, they are going to tell everyone, and I mean E V E R Y O N E. They are going to step on stages and talk to crowds, they are going to give investment advice, etc etc.
But the 95-99%? They stfu like the lil obedient sloots they are :D
Lmao. If you don't have the "fear of missing out" you will lose so rarely and get so huge winners. Bad game, finance is boring, TOO EASY I barely flinch.
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