Invest in Europe's defence renaissanceMany said it could not be done and would never happen. But the European defence industry is undergoing a paradigm shift. The geopolitical landscape has shifted dramatically, and delayed action is no longer an option. With rising global instability and the return of President Trump to the White House, European leaders must act decisively to ensure security, strategic autonomy, and industrial resilience in defence. This is not just a short-term response—it marks the beginning of a multi-year investment cycle poised to benefit European defence industries over their US counterparts.
A game-changer: The European Defence Industrial Strategy
For decades, Europe has relied too heavily on US defence capabilities, leaving its defence industry fragmented and dependent on non-EU (European Union) suppliers. However, with uncertainty surrounding US military commitments, European nations are fast-tracking plans to build a stronger, more self-reliant defence industry that can meet the security challenges of today and the future.
The European Defence Industrial Strategy (EDIS) is Europe’s most ambitious attempt yet to transform its defence capabilities1. The strategy aims to unify and strengthen Europe’s defence sector by prioritising joint procurement, innovation, and collaboration among member states.
The urgent measures driving this transformation include:
Rebuilding European defence manufacturing: by 2030, at least 50% of EU defence procurement must come from European manufacturers, rising to 60% by 2035. This is essential to reduce reliance on non-EU suppliers, particularly the US.
Enhancing intra-European defence trade: the EU is aiming to boost defence trade within the bloc to 35% of the total defence market value, fostering a stronger, more integrated industrial base.
Collaborative procurement surge: currently, only 18% of EU defence equipment is procured jointly. By 2030, this must rise to 40%, ensuring lower costs, better interoperability, and a more resilient supply chain.
Redirecting defence budgets toward Europe: governments are being pushed to shift their defence spending away from external actors (like the US) and toward European manufacturers, mitigating risks associated with foreign dependency.
Incentives to accelerate investment: the EU is exploring joint procurement tax incentives and VAT waivers to encourage faster and larger-scale European defence collaborations.
These measures collectively aim to build a more self-reliant and resilient European defence industry while reducing dependency on non-EU suppliers.
Policy-driven capital allocation towards European defence companies
While the US defence industry has been a strong performer in the past, European defence stocks are now positioned for superior long-term growth due to this sustained investment cycle and structural policy shift. The US defence budget is already near record highs, limiting future upside for stocks. Not to mention, DOGE2 is looking to cut costs with defence spending increasingly targeted. In contrast, Europe is at the start of a multi-year rearmament cycle, with significant upside for European contractors. European defence firms are experiencing record-high order books, ensuring stable, long-term revenue growth. Rheinmetall posted a 1.8x book-to-bill3, on top of its 1.7x ratio in 2023, reflecting robust demand for its portfolio of munitions and combat vehicles4. Saab's order intake totalled 79.2 bn krona, or a book-to-bill of 1.8x, with international customers accounting for 80%2. In comparison, order activity for US defence contractors is less heated but still healthy, averaging 1.2x5.
The shift in European defence spending is not temporary—it is structural. With Europe entering a multi-year defence upcycle, investors have a rare opportunity to participate in one of the most significant industrial transformations of our time, but the choice of investment vehicle will be critical for unlocking that potential.
Sources:
1 European Commission: Joint communication to the European Parliament, the Council as of August 2024.
2 Department of Government Efficiency.
3 Book-to-bill is a key metric used in the defence and manufacturing industries to measure the strength of incoming orders relative to completed sales.
4&5 Company Filings, WisdomTree, Bloomberg as of 31 December 2024.
6 WisdomTree, FactSet as of 28 February 2025.
7 P/E = price-to-earnings.
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees, or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
Autonomy
$TSLA to $500NASDAQ:TSLA
$440 is our critical price point from here. Ideally, we test trend at $386, where we will gain support to trade past $440 up to $500. Autonomy and FSD alone puts Tesla at $300. Robotics is not even part of the equation yet. The $7,500 EV tax credit is set to be removed by Trump, so as that approaches, we might see pull forward demand on the EV side of the business.
selby_exchange - BTCUSD - $36290 Price/Time Forecast (8h)Selby Price/Time Forecast for BTCUSD Bitcoin
Timeframe: 8 Hour interval
June 2023 - July 2023
Exchange: COINBASE USD Pairing
Forecast: $36290 (July 3rd 2023)
Custom ratio extension levels
Lunar Cycles
Fibline Glance Moving Average (squeeze)
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Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD Selby Geometric Extrapolation v18.1 (4D)Selby Geometric Extrapolation Structure for BTCUSD Bitcoin
Version: 18.1
Timeframe: 4DAY interval
March 2020 - October 2025
Exchange: PHEMEX Perpetual Futures Contract
Forecast: $142885 - $166677 (Feb 2024 thru Sept 2025)
With 'standard' fibonacci extension levels for multiple new (ATH's) all time highs
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Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - Selby Bitcoin CreativeSelby Creative Charting for BTCUSD Bitcoin
BTCPERP - Inverse Perpetual Futures Contract - 1Hour and 4Hour - PHEMEX - Heikin Ashi
"2023 Collection of triangles showing bullish and bearish trends."
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Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - 1hr - Selby Bitcoin Fibonacci TestSelby Bitcoin Fibonacci Test for BTCUSD Bitcoin
BTCUSD - Inverse Perpetual Futures Price - 1Hour - PHEMEX - Heikin Ashi
January 2023
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 0.666 and 1.333 is Long Entry
Rejection of 1.111 and 1.931 is Short Entry
Bull Market Continuation is Support of 3.666
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Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - 4Day - Selby Bitcoin Fibonacci TestSelby Bitcoin Fibonacci Test for BTCUSD Bitcoin
BTCUSD - Spot Price - 4Day - COINBASE- Heikin Ashi
January 2023
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - 4Hour - Selby Bitcoin Fibonacci TestSelby Bitcoin Fibonacci Test for BTCUSD Bitcoin
BTCUSD - Spot Price - 4Hour - COINBASE- Heikin Ashi
January 2023
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD Selby Geometric Extrapolation v18.0 (1W)Selby Geometric Extrapolation Structure for BTCUSD Bitcoin
Version: 18.0
Timeframe: 1WEEK interval
March 2020 - October 2025
Exchange: PHEMEX Perpetual Futures Contract
With 'standard' fibonacci extension levels for multiple new (ATH's) all time highs
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - Geometric Extrapolation Structure Selby Geometric Extrapolation Structure Chart in Logarithmic for Bitcoin
*this is a potential long entry for Bitcoin, if price falls below blue forecast arc the chart becomes invalidated*
BTCUSD 12hr
July 11, 2022 - March 6, 2023
With standard fibonacci extension levels
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - Selby Bitcoin Price ForecastSelby Geometric Extrapolation Structure Logarithmic Chart for Bitcoin with Price/Time Forecast
BTCUSD
April 30, 2022 - June 23, 2022
With custom fibonacci extension levels
Price/time forecast:
$76,001.26
07-23-2022
100% in 83 Days.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - Selby Bitcoin Fibonacci TestSelby Bitcoin Fibonacci Test
BTC
January 16, 2022 - April 09, 2022
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - SOLUSD - Selby Solana Fibonacci TestSelby Solana Fibonacci Test
SOL
January 16, 2022 - April 09, 2022
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - ETHUSD - Selby Ethereum Fibonacci TestSelby Ethereum Fibonacci Test
ETH
January 16, 2022 - April 09, 2022
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - ALGOUSD - Selby Algorand Fibonacci TestSelby Algorand Fibonacci Test
ALGO
January 16, 2022 - April 09, 2022
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
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Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - LINKUSD - Selby Chainlink Fibonacci TestSelby Chainlink Fibonacci Test
LINK
January 16, 2022 - April 09, 2022
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - MANAUSD- Selby Decentraland Fibonacci TestSelby Decentraland Fibonacci Test
MANAUSD
January 16, 2022 - April 09, 2022
"Fib Test"
Custom Fibonacci Retracement Levels
Support of 1.333 or Above is Long Entry
Rejection of 1.111 or Below is Short Entry
Bull Market Continuation is Support of 3.666
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
selby_exchange - BTCUSD - Selby Bitcoin Price/Time Forecast (6H)Selby Geometric Extrapolation Structure Logarithmic Chart for Bitcoin with Price/Time Forecast
BTCUSD
October 4, 2021 - October 25, 2021
With standard and custom fibonacci extension levels
Price/time forecast:
$76919.97
10-25-2021
60% in 20 Days.
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selby_exchange BTCUSD Selby Bitcoin Forecast $76919 10/25/2021Selby Logarithmic Chart for Bitcoin with Price/Time Forecast
BTCUSD
July16, 2021 - October 25, 2021
With standard fibonacci extension levels
Price/time forecast:
$76919.97
10-25-2021
142% in 100 Days.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
Helpful links for the advanced trader:
stats.buybitcoinworldwide.com
btc.com
datamish.com
app.laevitas.ch
www.bybt.com
selby_exchange - LINKUSD - Selby Chainlink Price ForecastSelby Geometric Extrapolation Structure Logarithmic Chart for Chainlink with Price/Time Forecast
LINKUSD
September 07, 2021 - July 17, 2022
With standard fibonacci extension levels
Price/time forecast:
$84.649
07-17-2022
193% in 331 Days.
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Rebellion=Change=Future
selby_exchange - Cryptocurrency Derivative Trading Pairs selby_exchange Cryptocurrency Derivative Trading Pairs
I focus on a rotation of seven alt coins plus Bitcoin. I research chart data, metrics, social and tokenomics before choosing...
...these are the pairings I trade in perpetual futures on Phemex.
Bitcoin BTC
Chainlink LINK
Uniswap UNI
Aave AAVE
Compound COMP
Algorand ALGO
Decentraland MANA
Solana SOL
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Not advice for investing, but I am one to watch
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selby_exchange - BTCUSD - Selby Bitcoin Price/Time Forecast (2D)Selby Geometric Extrapolation Structure Logarithmic Chart for Bitcoin with Price/Time Forecast
BTCUSD
June 30, 2021 - February 24, 2023
With standard fibonacci extension levels
Price/time forecast:
$261,671.6
02-24-2023
653% in 603 Days.
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selby_exchange - Bitfinex BTCUSDLONGS vs. USDT MarketCap selby_exchange Fundamental Metrics Chart (1W)
Comparison of the Bitfinex BTCUSDLONGS volume to USDT Market Cap and Bitcoin Price
Helpful links for Bitcoin traders:
stats.buybitcoinworldwide.com
btc.com
datamish.com
app.laevitas.ch
www.bybt.com
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future