TSLA & DOGE Exponential Trajectory to Mars!TSLA must continue its exponential growth trajectory.
After releasing the sports car into orbit, realizing it's not enough, to get more juice for TSLA to fly higher, Elon Musk has enlisted the help of now co-pilot DOGE to pilot the SpaceX ship.
DOGE is going all-in to out-compete BTC in exponential growth with help of Elon Musk tweets, while Elon Musk benefits from DOGE's hard pulls as the world cheers on Elon Musk every time DOGE pulls HARD!
The derelict DOGE and Elon Musk are both a co-pilot match made in heaven. Together they are giving all they got, and will blow out of Earth orbit and head interstellar!
Watch DOGE market cap eventually overtake BTC market cap, while TSLA becomes the biggest company on earth with its energy generation business.
Exponential
BTC isn't running out of momentum just yetHere was a simple breakout trade
2 trendlines, a retest on the upper trendline - red candle
Enter on next green candle and ride up
If we can close this hour candle or 4HR candle above the blue/black box at 27.8-28K, would give bullish indication to push on above to the ATH's made in the night
The long wicks below recent hour candles means buyers are picking up BTC in the mid 27s to high 27s suggesting it is a bullish environment
If it was too double top - I will update the play for that but I cannot see that happnening
ETH is currently being halted by a confluence of resistances and its the same for litecoin, expect these to move with BTC though
So if BTC grows as expected its brothers LTC and ETH should follow but majority of other altcoins will most likely suffer a few percent drop as traders take their capital from there and put it into BTC to find better rewards!
Have a good day!
XRP: "ITS GO TIME!!!"This for me is the key level - 0.46, had it highlighted for a few weeks now
Hard accumulation under the green descending trendline which forms a right angled traingle with the 0.46 support region
With all the incredbile fundamentals these past few days and the confluence on the BTC/XRP chart also
Now surely we can break, my target would be the previous top 0.80, then looking to trade that area
Dont be surprised if it scam wicks through 0.46 to 0.43ish as highlighted on the chart, this will hit people stop losses that will create liquidity for higher in the run
[BTC/USD] The Road To Reaching $20,000+! - By Trading-GuruHi everyone, in this detailed technical analysis I will walk you through the most important technicals on BTC/USD at the moment. Most importantly, I will discuss the parabola that has predicted the previous increase in price very nicely. Then, I will explain what things you need to take into account when the price reaches the horizontal resistance of the previous all time high.
I always try to make the chart as self-explanatory as possible, but here is a more in-depth written explanation if you want to understand the narrative better.
Parabola
Here is the order of touchpoints on this parabola that with every step gave us slightly more evidence about the incoming increase in price:
The first of the touchpoints on this parabola were from the 5th of September. We see that the price has hit a temporary low near the $10,000 mark after a big hit in the price coming from $12,000
The second touchpoint happened on October 8th. We can already see here that every time the price dips the bottom is a bit higher than it used to be. For the first time, you can start to see a bullish trend .
From the 19th of October it becomes more evident that the price is rising, the touchpoint here was enough to let the price jump into the air. BTC is officially taking off, in just two days the price increased by 10%!
Early November we see multiple interesting touchpoints. The price is still bullish but struggling. It reached around $14,000 three times in a row and it got rejected on every attempt. Then, when it hit the parabola the price jumped up again!
And finally, the last recorded touchpoint. My previous idea was published around this level and we saw that this parabola holds future value as well as historic value. It beautifully responded to the parabola support, and helped us to predict another rise in price. Technical analysis becomes way more interesting if it can predict causal relationships!
If the parabola holds we can expect the price to struggle around the $18,500 level for another 4 to 5 days. Then if it touches the parabola and it holds, we can expect the next jump in price. Will that be the jump to propel BTC above the previous resistance?
By end November this parabola predicts a price of over $20,000 for BTC! Bringing it close to the resistance of the all-time-high. The resistance itself has many ways to trade it. To decide on the exact level of the resistance I looked at the all time high. The highest level that BTC/USD ever traded on on Bitstamp was around $19660. We obviously expect resistance around this level.
Horizontal Resistance Level of the ATH
Be mindful of the consequences of this level beyond technical analysis. If the all-time high breaks, we can expect a lot of external consequences as well. For instance, more news articles will be published about the breaking of the previous all time high.
Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain.
The parabola support has been very interesting recently. Perhaps we need to start considering adding an alert for it on 100eyes too. Now that you understand all the possible consequences in depth it's time to start placing your orders. Best of luck in your trading!
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- Trading Guru
Trade Like a Pirate: Ye needs the aRRR!!!!One of the amazing things about trading the financial markets is that it is the only industry where we “common folk” have the potential to EXPONENTIALLY grow our income day after day, week after week, year after year.
All our lives, from opening up our first lemonade stand to landing our first job, we are taught to make LINEAR income: to exchange TIME for MONEY. We are told that we must work “X” amount of hours per day, and you can earn “Y” amount of money. If you want more money, you simply have to work longer and harder: work overtime, work a second job, or start a "side hustle", and though it is true you can increase your earning power through multiple income streams or by climbing the corporate ladder, you are always going to be limited to the amount of money you can make because there are only so many hours in a day that you can work.
As Al Pacino said in Scarface, "Say hello to my little friend…” May I introduce to you, “R”, which stands for “Return”.
There are two powerful paradigms that you, Dear Trader, have access to in our glorious financial markets, and our primary goal needs to be that we MAXIMIZE all we can from them.
Paradigm Number One is a popular reason that we enter the fray: Instead of "working for our money” we trade so that we can "make our money work for us." Instead of clocking into a job where are are assigned duties where we will earn our daily bread, we take our “bread" and we assign it to a company, a commodity, or a currency in the stock, options, futures, and forex markets. We aim to hit “X” dollars per day or “Y” PIPs per day and call ourselves successful traders.
Paradigm Number Two is where the magic is, and is the topic of this article: let's “kick it up a notch” as Emeril likes to say. Instead of trying to earn "so many dollars per day," let us instead set our sights on achieving a certain “R” per day.
“R" is a measure of *return* based upon the amount of ‘risk’ we are willing to take on any trade. A good rule of thumb is that with any trade, you should never risk more than 1% of your account equity and you should never get into a trade without at *least* a 3-to-1 expectation of Reward if you are correct. This is known as the "reward-to-risk ratio”, or “R”. The working principle behind this is that we want to keep our risk *small* (i.e. you won’t blow up your account with a bad trade) and our reward *large*, where your winning trades will give you a minimum of three times what you are risking.
In this scenario of 3:1 you don’t have to be the best of traders to be a profitable trader. Say you do 3 trades per day and you were a mediocre trader, where you are only batting one out of three. You can only have a 33% hit rate, only winning one of every 3 trades, and if that were the case you would win 3%, lose 1%, and lose 1%, netting 1 “R" for the day. (3-1-1 = 1)
"1R? What good is that?" you might ask? Well here’s where we start talking about the *miracle* of compounding. On Day 1 with a $10,000 account you would look at risking $100 per trade to win $300. If you lost 2 and won 1, your account now has a value of $10,100. So on day 2 you aren’t risking $100, but $101. Every day you place 3 trades and win at least 1, your account grows not linearly, but *exponentially*. Each week you are making more and more money EVEN THOUGH YOU ARE DOING THE SAME AMOUNT OF WORK. By week 34 you are risking $500 to make $1,500. At the end of the year, (theoretically of course) that $10,000 could be worth over $120,000 - Your account has now grown in an order of *magnitude* from where you started. And all you are doing is placing 3 trades per day. Day in. Day out.
Do it again for year 2 and see what you come up with! Every day you are doing the same amount of work, but every day you are generating an increasing amount of cashflow as the 1% you are risking grows each and every day.
What does it take to get these kind of results? First, it takes a system of trading that you can follow that can give you at least a 1-in-3 success rate. Second, (and this is the hard part...) it’s all about YOU. Every day you don’t trade is anther day your net worth doesn’t grow… another day you will have to WAIT to achieve your dreams, whatever reason it was that you decided to become a trader.
But once you start realizing the power of R you will NEVER want to trade time for money again: you will want to increase your net worth by 1R, 2R, 5R per day until you reach that Magic Number you need to say “I’m done… I’ve got all the money I need to live as long as I need to enjoy the lifestyle I desire.”
TradingView makes it super-simple to put this philosophy into practice. Using the Long & Short Position tool, you can map out your trade, right-click the tool, select “Create Limit Order” and then change the “% Risk” field to 1%, 0.25%, or whatever your trading plan requires. (My personal “R” is one quarter of one percent, .025). For stock trading, the tool then automatically fills in the number of shares that will satisfy your risk percentage. For futures, it automatically calculates the number of contracts, and for Forex (most brilliantly!) it will automagically perform the necessary currency conversion and calculate the number of Units you can trade. THIS FEATURE ALONE is why I became a Premium subscriber to TradingView to trade through my Forex and Futures brokers - no more position sizer spreadsheets!
If you are not using the Long and Short position tool to place your orders you are missing out on a great resource. I will leave a link to a TradingView blog post on how to use it below.
A great exercise to get you excited about trading like a pirate is to create your own trading spreadsheet and calculate like a Pirate: Calculate your “aRRRRRRR” in multiple scenarios. There are 250 trading days per year give or take. What if you grew by 1R per day and you traded every day? What if you grew by 3R per day but you only traded 2 days per week? What if you were an options trader and you only traded on Mondays but you gained 7R per week? What if you threw in a home-run 20R trade every 3 weeks? (Yes, they do happen!) What’s your end retirement goal? $2 million? $7 million? When can you calculate that you will get there? By estimating your exponential growth you will be able to estimate the you will reach your life target.
Although these scenarios are idealized (we’re not *always* going to have a “Green Candle Day”) we need to have a PLAN for our trading activity. Having a *plan* and matching that with a *vision* will give you a *passion* to DO what you need to do so you will GET what you want to get.
As Louis Carrol said, “If you don’t know where you are going, any road will get you there.” And as Norman Vincent Peale said, "Shoot for the moon. Even if you miss, you'll land among the stars.” Make you plan, and work your plan. And having an exciting Vision will help you wake up early, stay up late, and stay on track.
I hope this lesson helps you bring out your inner pirate… I’ll see you on the high seas of the financial markets!
Trade Hard, and trade well… Till next time…
-Anthony
www.tradingview.com
NASDAQ - update with parabolic bandsAs I identified in my last post, the nasdaq has reached a channel and parabolic line resistance. Even with all the asset price and market manipulation, the next step should be down. The caveat is obviously the US election craziness and the new Chinese market manipulation... where you now have competing market bubbles stoked by foreign actors. Stay safe everyone and love your gold (reflation/hyperinflation).
COVID-19 pandemic and not epidemic, exponential ant not gaussianThe COVID-19 is pandemic and not epidemic because it touches all continents all around the world.
It is exponential ant not gaussian because there is a second wave in a lot of countries.
But maybe the first wave never stopped, and we are testing more and more people.
Maybe the curve with continue to grow but start to flatten, nobody is able to predict the future.
Just don't bet against the trend, apply the maximum security to yourselves and only yourselves (until it goes to 0 with 100% of recover and 0% of death ?).
There is not plot, nobody is lying, governments and people have just no ideas of what will happen because we are facing something imprecise.
WHA 1H Long - Touched 20MA as expected correction in relapse?Hi there, here's another idea on Wereldhave.
In our previous post we saw that a correction wave was coming up and that it would hit the 20MA on the 1 hours time-frame. Well it did, now the next few hours might bring the chart up again. Considering other moving averages ar also still pointing upwards.
I'd suggest opening a small buy position now, and another one once we get past the 20MA again (around 10.75).
Trade safe, stay safe!
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I'm purely a beginner in technical analysis . Please hit like, follow if you like my ideas or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
WERELDHAVE 1H Long - Retest on FIB 0.382 and exponential curveHi guys, here's a short technical analysis on WHA. We got some good gains today on Wereldhave as for the last few hours we went down again to a retest on FIB 0.382. Notice the upward curve is also still there, so we might have some support from the growing stock of the past few days.
As thing look now considering the growth of the last few days, tomorrow will be good one and hopefully the exponential curve will provide us with enough support to go up until FIB 0.55 or even 0.618! Moving averages look positive, the market is gaining strength again and recovering from COVID-19. To calculate risk we might be dropping down to 10.700 touching the 20MA but I wouldn't expect a drop much lower than that.
Trade safe, stay safe!
_____________________________________________________________________________________
I'm purely a beginner in technical analysis. Please hit like, follow or place a comment if you wish.
Any of your feedback is my motivation to keep going and to learn more about Technical Analysis!
NASDAQ with exponential curves?Just studying the weekly charts on NASDAQ and noticed this. Not sure it has any significance. But it would imply pullback coming up with yet higher highs on the way. If we have left the world of fundamentals and the markets are fully manipulated (depending on who the establishment wants in the big house), why not place exponential curves on a chart. Hyper inflation rockets ready: 3... 2... 1... blast off.