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Long-term

Time to take a dip in the OCEANOCEAN has been trading within this shallow ascending parallel channel since Oct 2021. With BTC's recent drop, it has begun to trade below its 200 day EMA but there is an opportunity to buy for a short-term ~15% gain or long-term ~45% gain. We can see that OCEAN could bounce from the bottom of the channel but it is worth waiting for an initial green candle (or signs that BTC has finished its correction) from the ascending support before opening a trade as currently, we are in free fall. Of course, the idea is cancelled if there is a candle close below the ascending line. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments, questions and thoughts below!
OLong
by kush23456
If BTC were in a real bear market...This chat shows what I am tracking in the case that Bitcoin breaks down from here, on a longer term time frame (red arrows), and enters a real bear market (not just a correction, which I think we could potentially be seeing at the moment). As I have learned from being in this market since early 2016, if you think Bitcoin can drop X amount and hit a "bottom"... double that amount, it will drop way more than you think. If you think it can go up X amount, double that amount, it will go up way more than you think. And at the same time, if someone has a wild prediction like "Bitcoin will hit $196,000 by September 12th at 4:30pm"... that is complete nonsense, but of course it could happen! Fact is, nobody can predict the future. ESPECIALLY those who say "Bitcoin NEEDS to go up because X"... Bitcoin does not NEED to do ANYTHING they say. The market will do what the market does and you can only prepare for the best outcome. But the main idea here is, you will never 100% know when those rallies or those dumps will start, and you will never 100% know when each top or bottom is reached. There is only so much technical technical analysis that can be done. Only so many predictions that can be made. What it really comes down to is, time in the market beats timing the market. I'm a buy and hold type of investor, for all stocks, cryptocurrencies, and real estate. Technical analysis "chart art" is simply a fun hobby for me, and it's entertaining to see the "guru" predictions and ultra technical colorful lines people draw, wave counts, spirals, pictures, etc... whatever you call it... I believe in strategies that absolutely work. And it's up to you to find what works for you. For me, that's buy and hold, for the long term. Wishing you all the best of luck in 2022! - HDLR
BITSTAMP:BTCUSDLong
by hdlr
9
BTC point of no return, something tragic between now and 2034Maybe BTC has fuel for a last 10x pump but after that, look at the angles, the probabilities are that BTC is going to form a gigantic H&S and then return to the 6k market bottom of 2017. The other probability is that the Dollar is going to collapse and the world we are living in right now will have no resemblance whatsoever in 10 years time, I am very skeptical about that. I think BTC is about to enter a very rough pathway, 5 to 10 years bear market. Red flashing lights for those who decided to HODL from here.
BNC:BLX
by awesomenewsforyou2
XOM - one of the top energy stocks for the next few yearsHoly cow... ExxonMobil is on a roll! The stock price has been continuously rising (with a few intermittent dips) from a long term standpoint since the March 2020 crash...I think that's likely due to the company's higher amount of transparency in regards to its peers. I'm specifically referring to its 2030 promise of Net-Zero Permian emissions, its continued investment into algae biofuels when competitors like Chevron NYSE:CVX gave up, and its open support of the Paris agreement despite any ulterior motives Darren Woods and co. may have. I also credit, to a lesser degree, the view that ExxonMobil may be the greenest descendant of Rockefeller's Standard Oil because of Engine No. 1's victory and the continued growth and impact of the new Coalition United for a Responsible Exxon (CURE), as well as how the public may not necessarily have the best view of Chevron due to the Steven Donziger incidents. ExxonMobil' dividend being higher than Chevron, BP NYSE:BP , ConocoPhillips NYSE:COP , and Royal Dutch Shell BCBA:RDS on a percentage basis also gives me confidence. I fear that regulations from the governments in their respective countries will likely hamper the progress of PetroChina NYSE:PTR , BP and Shell. The only other oil company that may have better dividends than ExxonMobil and also is an established American company is Sunoco NYSE:SUN , but I am not seeing too much potential with them, although I will reconsider my position. Overall, ExxonMobil is likely the top major energy stock for the next few years and the one making the most developments; I won't be surprised if ExxonMobil becomes big enough for another large oil merger, especially if "Chexxon" becomes a thing.
NYSE:XOMLong
by dwang479
Will there be an AVALANCHE? (AVAX Long-Term Analysis)AVAX has been trading within an ascending channel since August 2021 finding support multiple times and keeping above its 100/200 day EMA's. As BTC’s ~45.6k support broke yesterday evening, many alts have faced a pullback. However, most are still trading near the bottom of their long-term channels and have found some level of support despite BTC’s drop to ~42.5k. Here, we can see that AVAX could bounce from the bottom (~85) but I wouldn’t open a trade blindly as currently, we are in free fall. It is worth waiting for an initial green candle from the ascending support before buying. I haven’t posted a BTC analysis yet but I think the ~42.5k support could break (unless there is a big buyer) in which case we can move to the ~41k level. If this happens quickly, the panic/liquidations could cause a quick wick toward 39k. Provided the long-term supports hold for the alts I have posted so far, this could be a fantastic opportunity to accumulate the alt you have been wanting for a low price. What are your thoughts? Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments, questions and thoughts below!
by kush23456
LINKing the linesLINK has had a rough time since May 2021 and has fallen >50% from its ATH. Despite the fall, the chart confirms clear long-term support since March 2020 (almost 2 years!). It has recently bounced from the lower trend line so it can continue upward within the triangle and meet the descending trend line as resistance. In the mid-term the price can bounce within the triangle (unless a bullish breakout occurs earlier) until it decides which way to go. With the ~2 year support line I think a breakout is more likely but I will revisit as/if it approaches that area. Potential mid-long term targets are marked on the chart based on resistance points. With this being a long-term hold entering through DCA will reduce the risk. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments, questions and thoughts below!
Long
by kush23456