@benjamincowen Cool post! Quick question: did you spot the 200W SMA ATH crosses trigger before the 2021-22 peak, or only after? Just trying to see if it held up out-of-sample or was fitted in hindsight. Thanks!
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$TTWO is getting interesting here as it is attempting to break above this diagonal today. A successful break above, could lead to a start of the run-up into the launch of #GTA6.
Weโre close to reaching 300 members! If you havenโt already, join our free Discord server - where we, among other things, called $BTCโs recent ATH weeks in advance. Join us here: https://t.co/4YMXpRzw0B
$TTWO is getting interesting here as it is attempting to break above this diagonal today. A successful break above, could lead to a start of the run-up into the launch of #GTA6.
$TTWO is getting interesting here as it is attempting to break above this diagonal today. A successful break above, could lead to a start of the run-up into the launch of #GTA6.
The wait is almost over โ๏ธ. As many of you know, the #GTA6 trailer is expected in December, confirmed by @RockstarGames.
However, what many might not know is that Rockstar Games is a subsidiary of the publicly traded company Take-Two Interactive ( $TTWO ).
๐Let's delve into the company behind Rockstar Games and its influence on $TTWO's stock price, especially with the previous release of #GTA5.
Firstly, the #GTA5 trailer release didn't have a significant impact - we observed a slight decline during the trailer announcement and the game's release. This suggests that the optimal time to invest in $TTWO might be between the trailer release and the actual game launch.
Secondly, after the 2013 release of #GTA5, we witnessed an impressive rally in $TTWO's stock, soaring from $20 to $140 ๐. This surge was likely driven by record-breaking sales and strong earnings reports. However, it's important to note that $TTWO's market cap then was much smaller than today's $25B.
Finally, there's a recent uptick in $TTWO's price, probably due to the announcement of #GTA6 and the anticipation of its trailer. This illustrates that $TTWO is still sensitive to anticipated products like the GTA series, which begs the question: Will $TTWO follow a similar trajectory after the release of GTA6? ๐
In an SEC filing late this afternoon, Microsoft disclosed that "Assessment of Investing in Bitcoin" is currently proposed and will be a voting item for the shareholder meeting on December 10 (the filing notes that "the Board recommends a vote against this proposal").
The filing is here (see voting item #5):
https://t.co/gFqo1ahVXe
Personally feel like $BTC โs momentum could see a shift here where bulls gain more momentum. Thatโs why I would keep a close eye on this large descending channel, as a break out could lead to targets such as 65k and perhaps even 72k again.
#BTC | #Bitcoin
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As $BTC approaches the lower boundary of this ascending channel, a decision point is has to be made. Will it hold as support? Alternatively, a breakdown would open up the possibility of a move down to 48k.
#BTC | #Bitcoin
#BTC ๐คโ
Make sure to scale out along the way if you catched the deviation on $BTC. A great level to do this at is this mid range level. A reclaim of the mid-range would open up 72k.