Long-term
BITCOIN FUTURE PRICE BULLISH🔋🔋On October 22, we said about the price increase. The prices of the dollar index went down. we expected bitcoin prices to rise. That's not all, if prices start to rise soon, bitcoin means that the hashrate to mining revenue ratio of $25,000 will reach an all-time high, which means they continue to invest in infrastructure despite very little mining revenue BTC in dollars. Historically, miners have been underwater in the short term, but have never failed in the long term.
FTM long - Fantom looking strongFTM are looking strong and now teasing a weakly break. I think it could be a good time to find a FTM-trade on lower time frame that could turn out to be a be a long time hold if the market turn "bullish". This trading idea have 1.0 risk reward ratio. Disclaimer - Fantom is one of my favourite coins all things considered...so I really try to find a good entry for a long time hold.
When will SPY Bottom?Here is my thesis:
If we could potentially retest the 360 area then I believe a head and shoulder breakout is possible and could be the potential bottom… but again we want confirmation.
If price action can break above 30MA and pullback that will also indicate a reversal and maybe a potential bottom…
If you look closely at 2022 price action, every breakout of 30MA has been rejected in the following weeks… so this will be a fundamental level to watch.
Have a great day fam.
When to start adding in to your long term investments? I'll keep it simple - Once the market has bottomed and you have seen this trend line can finally breakout & RETEST then it makes sense to start adding into your Long term investments.
If you have questions feel free to ask.
Have a great day guys!!
Bitcoin warning🔥VOLATILITY IMMINENTWe said the prices would come down a bit, but I can tell by looking. we are facing bear market resistance. That's not all, if prices start to rise soon, bitcoin means that the hashrate to mining revenue ratio of $25,000 will reach an all-time high, which means they continue to invest in infrastructure despite very little mining revenue TC in dollars. Historically, miners have been underwater in the short term, but have never failed in the long term.
SPY - Impulse Wave ProjectionsWhile the market appears vulnerable to rising interest rates and the possible recession, We continue to remain in a wave 2 corrective wave with a possible C wave still yet to come. My current equity positions consist of Jan 24 covered call positions for dividend generating stocks. Additional protection is added with March SPY put spreads.
Should this analysis prove correct, the coming Wave 3 can be quite powerful. In wave theory, Wave 3 cannot be the shortest wave so one can make an initial assumption that wave 3 will at least equal wave 1. The move could possibly result in a 100% gain from the eventual wave 2 lows.
Contemplating some current weakness but longer term gains, I am adding a 10% position in equities that drop 10% after the initial purchase. Thus far, this as proven to be a good strategy with GOLD, PAAS and INTC. Each fell 10% after the initial purchase but have rebounded nicely. Adding on to the positions in this manner at least leaves me with longer-term exposure should these dividend=paying stocks be called away.
Next Bull Cycle TopHello all,
Here is my prediction for 2023-24
1. Bitcoin is going to capitulate one more time to find the REAL bottom before the next bull cycle. ~12,000
2. 2023 will be the year of accumulation.
3. The next Bull cycle top will be around 160,000.
4. The next cycle top will be sometime around April 2025
This is not financial advice and please do your due diligence before investing.
Thanks
Potential for STELLANTISOverall I'm probably bullish on Stellantis given the current trend.
The 15€ level is particularly important since it has already been touched in mid August and acted as a strong resistance rejecting the steep bull-run fueled also by the Q2 results that outperformed analysts' expectations.
If that level is broken with decent volumes there might be some potential in the long run.
I think it's interesting to consider this current trend also with respect to an overall car sale shrink world wide. Stellantis is growing even if sales are down in Europe and in Italy as well, two of the carmaker's main markets.
*** This Content is for educational and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. ***
Cup & Handle Pattern confirmed?I originally bought this stock early in 2019 thinking it was breaking out of the same pattern I'm illustrating now so I could be wrong again (I'm not buying more here), but I held through that initial shakeout and continue to hold and am encouraged by the recent price action in this stock. (I hold a small position in this stock - only 85 shares in my Roth IRA). Looks like it might finally be ready to go for the move I thought would originally happen. That said, there is an immediate long-term support resistance hurdle to cross just a couple dollars above current price. On the long-term chart which I'm using, you can see price is starting to get ahead of itself, it's getting pretty high above the uptrend line. I'm hoping that means it's starting to go parabolic, but usually it means a short-term pullback is in order. It's probably a lot of risk for a short-term investor but my initial stop loss would be just below $14. If price got below that it would be a very bad sign and likely a failure of this long-term chart pattern as it would break the uptrend line and break below the strong red candle from May 2019. I'm a long-term investor so I don't mind taking on more risk - I'm not playing for peanuts, I'm trying to hit home runs which usually take time and the everyday price swings don't get me going too much, I'm more concerned with the price action on the long-term chart pattern.
This is not advice, just a simple observation of a long-term chart pattern, I haven't really looked into the fundamentals of this stock at all and therefore, decide for yourself and trade at your own risk.
2023 New Year Long Opportunity - $CHPTI'm looking for a long opportunity on NYSE:CHPT in 2023.
Before 2022, it's all-time low was $9.38, and it tested and closed above this level twice. Once in the second and again in the fourth quarter of 22'.
In the most recent quarter, Chargepoint also tested and closed above the trend line from that all-time-low of Q1 2020 and Q2 2021 (dashed line)
This leaves me to believe, $CHPT will be a good long term opportunity for this year.
NEAR Warning Bullish🔥🔥Near Breakout Incoming! Can buy Near . I bought it and froze it 1.35$ is the most favorable situation to buy the Near asset, the price will soon increase and we will make a profit by Sell 5$ There will be such information that this news will cause the price to change. How the price changed after some information we provided
BITCOIN FUTURE PRICE BULLISH🔋🔋Can we move to yellow line movements in the next few hours. The view most people want is a bull market. When does it start bull market. I hope we can climb soon. The Hash Ribbons indicator warns us that the price will rise. The market shows willingness to buy Bitcoin between $16,000 and $15,000. The price is holding the standard today, it won't last long and the prices will go up soon.
LINK LONG (last spot trade 2022)SPOT (DCA) trade into LINK for long time hold.
2022 - What a Ugly crypto year! Chainlink (LINK) have now been ranging for quite a while. At the moment LINK are at the bottom on the "Daily-channel" -Stoch RSI oversold. Of course BTC can move to 10K-13K and LINK will follow that fall. But if you believe that we are close to the BTC-botton - the timing for DCA into LINK looking really good.
Bitcoin warning🔥🔥VOLATILITY IMMINENTWhat happened to the prices? "(Update (0720ET): Crypto exchange Binance has seen its proof-of-reserve audits removed from auditor Mazars' website.)" One news affected the prices, but we are close to the price increase, Recently Hash ribbons show us to buy WARNING Buy price to 16450$ BTC
Man on the shoulders of giantsIsaac Newton, who turned people's view of the world upside down, once said: "If I have seen further than others, it is by standing on the shoulders of giants". And indeed, each of us has a chance to discover something new for ourselves and others by drawing on the wisdom of our predecessors. I want to say a big thank you to Benjamin Graham, David Dodd, Warren Buffett and Peter Lynch, who openly shared their ideas with the world and inspired more than one private investor in their first investments.
I'm sure Mohnish Pabrai will join me in saying the same. Born in Mumbai, an engineer by training, he had no interest in the subject of stock investing until he was 30 years old. But by chance, after reading a book by Peter Lynch, he began to study the subject more deeply. Inch by inch he climbed the shoulders of the giants of value investing to see hitherto unknown horizons. He is now known as a successful investor, author of books on investing, and creator of incredibly kind philanthropic initiatives.
Listening to Mohnish Pabrai's lectures, I noted his ideas, which in many ways coincide with my own. I am happy to share them with you:
1. The market is always concerned about what will happen to the company in the future, so it cannot be 100% efficient (*).
(*) Let me remind you that according to "efficient market" theory, a company's current price reflects its "fair value" because any publicly known information instantly affects the price. Thus, an investor is unlikely to make a profit on any information, such as a company's strong financial statements, because the market has already reflected the event. However, this theory does not take into account the future, which we all think about every day and act in the present, including the market, based on those thoughts. For example, someone may think that a company's future is murky because of the news that has come out. This concern will be picked up by the crowd, and the stock will go down. Or on the contrary, the success of the company may be perceived as over-optimistic, and a real stir will start around the stock. No one knows the future, but thinking about it affects the present. For this reason, the current price of the company may not reflect its fair value, contrary to the "efficient market" theory.
2. Continuing with the first thought, the waves of pessimism and optimism will always be present in the market. They distort a company's value so much that they give us private investors a chance to buy and sell a company's stock profitably.
3. The more time you spend analyzing a company, the more you "fall in love" with it. Try to grasp this idea. After all, by spending a lot of time studying something, such as a company's excellent financial statements, we set ourselves up for what it must pay off as a profitable investment. Remember: the market doesn't owe you anything.
4. Often the decision to invest in a company can be made based on just a few surprising figures. For example, if the value of a company is equal to 50% of the amount of cash in its checking account. Mohnish Pabrai said that Warren Buffett used a reference book with the statements of thousands of companies, not to spend months studying each of them, but to find something that would really surprise him.
5. Mohnish Pabrai admitted that he has never once played the short and has no intention of doing so for the rest of his life. His math is really simple. If you play the short by selling a stock at $100, your maximum earnings are capped at $100 (which will happen when the stock drops to zero). Whereas a buyer of a $100 stock has a chance to sell it at both $1,000 and $2,000. There is no upside restriction by its very nature.
6. And the thought I want to conclude this post with is don't look for people to hand you a treasure on a platter. Looking for treasure is much more interesting! It's about not trying to replicate someone else's trades or portfolio positions. Try to make your own decisions. Try to see your horizon.
The unwavering shoulders of giants will help you in all of this.