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Two Cryptos You Should Be Watching Right Now
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SHIB and Loopring look great
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Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance

What's going on moon gang, it's me thick coors, and this is your dumb money update for today, thursday november 11th, but obviously first happy veterans day if you happen to be a veteran or even an active military member. Thank you. We obviously all appreciate your service now in this particular update, video we'll be talking about what happened in the overall market today, we'll be talking a little bit about the cryptos, specifically some that you shouldn't be sleeping on right now, because it looks like they might be. Making a move in the near term and, of course, we'll be talking about some of our favorite equities.

So with all that being said, let's hop right into it. So, in all honesty today was a pretty boring day in the market. Not much happened, and in fact you can even see that from a technical perspective and what we saw in three of the major indices is what's referred to as an inside day. So today the high and the low was completely encapsulated within the high and the low of yesterday.

Hence an inside day, there's no direction the bulls weren't strong enough. The bears weren't strong enough. It was a small bar day as in the difference from the high to low a low range day. We just didn't see much movement, which means it was sometimes referred to as a premium burn day.

We just didn't get a nice trend, so hopefully we get a little bit more action, a little bit more volatility tomorrow. So what we're looking at here is the s p. 500 500 of the biggest companies within the us. This is the index.

The etf spy is what tracks this particular index and right here yeah. We recently hit an all-time high. Today, uh we were a little bit red. Yesterday we were red because of the hot inflation report, the consumer price index, and today it was read from the opening but inside day, not much going on, i'm watching for a breakout around 465 and then i'll be watching for the support level around 458 to 460..

Those are my main watches if we break below this, if people realize that they don't like what's going on with inflation, i will be watching, for these three gap fills to the south side very similar setup in the nasdaq 100. This particular etf is more tech, focused think your microsoft, your apple, your things of that nature, your amazon, your alphabet, all that good stuff so same thing recently hit it all time. High today inside day, i'm looking for a push back above 396-ish or if it can't hold 388 i'll, then be watching 383. russell 2000.

Very similar situation recently hit an all-time high. We now have an inside day this one's particularly interesting, at least to the ape nation community, because amc is the biggest equity within this particular basket. So once again, an indecisive day, i want to see if it can recapture 242 to the top side, but if it can't hold, then i'm watching 234 below that uh. If things really start to sell just you know there is a gap-fill opportunity, all the way down to 222ish 223ish, i'm just trying to call out these levels, i'm not really calling for doomsday, i'm just saying in general, like okay, it is somewhat reasonable to expect uh What i would put it to as a healthy correction of sorts, but right now i want to make this explicitly clear.

There's no obvious trend, that's what an inside day is we're waiting for a trend to actually develop. Speaking of other major things going on, let's talk about crypto so not long ago, bitcoin hit a new all-time high of 69 000 hanging out at 65, as i filmed this ethereum hidden all-time high of 4 900, almost 5k, currently hanging out at 4700. I'm in both of these she today started to wake up, and this is the first all coin that i want to put on your radar uh. Just i want to see if he can get above 60, which would not only be this previous support turned into resistance, but it would also, depending on when it occurs, map out a kind of a a match up with this top trend line.

So i will definitely be watching this region on shebe and if it can break through it, then i would be watching 72 followed by the top of this bull flag at 78 ish. But the one that i'm very excited about is loopering. In fact, let's bring loopering up on the big screen right here and let me just drop to the 15 minute, so what we have on loopering is a very classic bullish. Pennant.

Now this, if you crack open any technical analysis book, it's gon na in one way or another, define what's going on here. But what you really need to know is whether it's a crypto, an equity in the etf. It's trading up up up up, and then it gets put into this triangle: lower highs, higher lows: that's the pennant name and it's bullish just because it was bullish heading into the pendant. Now, from a statistical standpoint, most of the time these do break up to the upside.

That doesn't mean every time. Let me reiterate that most of the time, statistically, there is an edge to a bullish bet coming out of this triangle, but it doesn't have to happen. Every time, loopering, not only in a technical perspective, is in a bullish pattern, a technical bullish structure which i'm a fan of, but i really like its connection, or at least it's rumored connection with gamestop gamestop. We obviously know is attempting to get into the world of an nft marketplace and loop ring this blockchain.

That's exactly what it does. It's a d5 exchange a dex very, very much like that. In august of 2021, they announced that they are now supportive of ethereum based nfts and, to my understanding, that's exactly the world that gamestop is attempting to get into so i kind of view loopering as a quasi additional bet related to gamestop, but even beyond that, i'm Bullish on crypto and in the short to medium term, i'm really liking the structure that i'm seeing on lrc right now, so in in the short term. She loop ring definitely on my watch list, but overall, i'm just going to remain very bullish on crypto at large.

Now, speaking of gamestop and amc just so you know both had a nice green day. So if you're an amc, gme ape, you should be happy. Gamestop gained 2.6 percent and is currently training at 204, while amc gained over three percent and is currently trading at 39, and a half amc did at one point today get above 40.. 40 is a nice technical level.

I want to see that breakout from there. I would be watching 42 and after that 44 and a half uh and then on gme, obviously to the south side. We want to hold 200 key psychological and technical level. I would like to see that break out of roughly the region of 212 to 215-ish, but overall it was a quiet day what we saw being reflected in the equities of amc and jamie.

We saw in the overall market just kind of a quiet day. I like that they slowly grinded to the upside, but patience is obviously a virtue now, with today being a federal holiday. Yes, the market was open, but with it being a holiday, some organizations were closed, which means that it's a non-settlement day so we got no live. Updates for amc or gme just so you know where we're at the estimated short interest for amc is 16.86, while the estimated short interest for gme according to ortex is 8.6 now i know a lot of things were kind of quiet and quote unquote boring, but the Ev sector was looking very, very solid, so lucid right here had a pretty nice 10.4 game.

Now, i'm a fan of lucid. I like these us-based ev plays and in fact i think if the momentum keeps going, which i like the pattern, we're seeing kind of a valley setup if this can get over 48, i'm 100, looking at a pretty rapid gap bill all the way up to 56, Which was the sell-off from all the way back in late february and who knows if there's enough momentum, maybe we carry through all the way up to 63? I think that'd be great. The new kid on the block is rivian. Today was the first full day of trading and day two of trading.

In general i mean yesterday, the ipo was at 78, it opened up at 106, which was a 36 percent gain and then from there today we opened. I think it was up roughly 11 and then we ended up closing the day up a very impressive 22. The current all-time high is around 125, currently training at 123ish. This is great.

This is a lot of enthusiasm, i'm currently not in rivian, just because i think ipos. They prompt almost too much excitement and it's training at a huge evaluation, currently trading north of 105 billion dollars, which means that it's more valuable than the likes of ford and gm to me for, what's going on it's a little bit too pricey, i think there's a Lot of enthusiasm, but i'm highly supportive of it. I'm gon na wait for things to settle down and that's most likely when i'm gon na get my personal investment in this new ev play and, of course, if you're talking about eevee, especially in the us, you can't not talk about tesla tesla sold off today, uh. It had a nice gap up, so the sell-off actually kind of just made it net neutral on the day.

Overall, it's in this no man's land. We have a gap to the upside. We have a gap to the downside. People are confused about what elon musk is or isn't doing so with this once again, we just have to wait for an obvious trend to create itself if we break above 1 100, i might play this gap fill up to 1 200.

If we continue to the downside well, then that's an opportunity to play the gap full of 910, but overall, what i'm seeing today was kind of a premium burn day. We have to wait across the entire board for an obvious trend and obvious pattern to express itself to all of us. So with all that being said, i would love to get your thoughts on anything that i discussed in the video in a comment below. Do you agree with me, do you disagree with me? Do you think i'm missing a hot thing that i should definitely have on the watch list? Please let me know now, if you enjoyed this video, don't forget to join up with the moon gang by hitting the subscribe button, and if you want to help me out with the algorithm and get this in front of other people, it would be greatly appreciated.

If you could smash that, like button and until i catch you next time for me and chair best of luck in the markets.

30 thoughts on “Don’t miss this opportunity crypto”
  1. Avataaar/Circle Created with python_avatars Brian Miller says:

    Didn't get this notification until Sunday the 14th. Way to stay on top of it YouTube algorithm.

  2. Avataaar/Circle Created with python_avatars Pedro Munoz says:

    Thanks for the update yeah Elon has Tesla Stock going Crazy, these Diamond Hand have been Trained

  3. Avataaar/Circle Created with python_avatars Surely Fortress says:

    Hi Matt your thoughts on Hex coin and ADTX stock! Great stuff… thank you

  4. Avataaar/Circle Created with python_avatars Krome says:

    Hmmm not sure why this alert triggered on Saturday ๐Ÿค”

  5. Avataaar/Circle Created with python_avatars AB. P. says:

    Thank you so much Matt!! PROG!!!

  6. Avataaar/Circle Created with python_avatars TheTruthWholeTruthNothingButTheTruth says:

    ETC gonna be nice 5 years from now i think its as safe as ETH which is going to 20k+ in 5 years time so it's a no brainer for me

  7. Avataaar/Circle Created with python_avatars Falcon Lover Senpai says:

    <There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of life That being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Mr. Leon Calvin program. A pro trader who runs a training program for investors/ newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>> @LeonCalvintrade.

  8. Avataaar/Circle Created with python_avatars Try RUGARL on Telegram says:

    I canโ€™t imagine life without this dude๐Ÿ–•๐Ÿป๐Ÿ–•๐Ÿปhe is absolutely the best of all ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ‘Œ

  9. Avataaar/Circle Created with python_avatars Try RUGARL on Telegram says:

    I canโ€™t imagine life without this dude๐Ÿ–•๐Ÿป๐Ÿ–•๐Ÿปhe is absolutely the best of all ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ’ฏ๐Ÿ‘Œ

  10. Avataaar/Circle Created with python_avatars Ruma09 says:

    The only hot thing youโ€™re missing is another hot chip lol.

  11. Avataaar/Circle Created with python_avatars splatula says:

    ETH is HOT AF. Between NFTs and altcoins that use ETH, it's a solid investment. Really excited for loopring too.

  12. Avataaar/Circle Created with python_avatars Auรio Freq says:

    i beg of you to stop the deep fakes as thumbnails..

  13. Avataaar/Circle Created with python_avatars Ape Mama says:

    Obligatory algorithmic comment

  14. Avataaar/Circle Created with python_avatars Go and Do it says:

    Speaking of EVโ€™s, what are your thoughts on the GGPI SPAC bringing Polestar public? GGPI started at $10 and itโ€™s still only about $11 now. Bringing Polestar public first half of next year. And Polestar will be manufacturing an electric SUV in the U.S. as early as next year. Iโ€™m in it hoping to catch a run up before they officially go public.

  15. Avataaar/Circle Created with python_avatars garbageking says:

    these thumbnails got me clickin on your videos again

  16. Avataaar/Circle Created with python_avatars Travis Keith says:

    Do more of this breakdown video at the end of every trading day!

  17. Avataaar/Circle Created with python_avatars Reza Sal says:

    Not sure if youโ€™ve been looking like Bitcoin miners, and if so/not any thoughts on Hive?

  18. Avataaar/Circle Created with python_avatars 99astronomy says:

    O shit Matt is talking about loopring

  19. Avataaar/Circle Created with python_avatars Seashells & Dreams says:

    Always a pleasure to watch your live show!!!!!

  20. Avataaar/Circle Created with python_avatars Johan Nerhus says:

    Loopring is high risk right now but it can run and pay off! good video Matt as always

  21. Avataaar/Circle Created with python_avatars jerellthegreat says:

    Amc , Shiba, Ada, SAitama, zombie inu,

  22. Avataaar/Circle Created with python_avatars Tommy Stevens says:

    I love trading after inside days/weeks

  23. Avataaar/Circle Created with python_avatars Iain Trusler says:

    Remember, when it comes to Tesla, anything Thicc Matt Says, do the opposite!

  24. Avataaar/Circle Created with python_avatars Matias says:

    Look into $DOE Dogs of Elon, apes! Getting listed on so many exchanges right now. Very early.

  25. Avataaar/Circle Created with python_avatars Logan Ralph says:

    The rich sees an economic crisis as a garage sale also the rich stays rich by investing and diversifying their portfolio with stocks, Crypto currency and Forex trading which is the wisest thing every individual needs to do and it's real profiting

  26. Avataaar/Circle Created with python_avatars IrishFists says:

    Bought at 1.35 and 3.39. Up over $1500 right now

  27. Avataaar/Circle Created with python_avatars Dragon Lord says:

    Everyone get out of the swimming pool, Matt is getting in

  28. Avataaar/Circle Created with python_avatars Deez Nuts* says:

    You not thicccc enough for me

  29. Avataaar/Circle Created with python_avatars Ryan Haynes says:

    @mattkohrs do you think jumping in loopring at any time would be good? There's no guarantee things will only go up, however I know a lot of us don't want to miss out, hoping for a dip

  30. Avataaar/Circle Created with python_avatars Andrew Jones says:

    Why are they calling him thick?

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