Creating MillionairesWell, some would call me crazy. But that's my long term view:
TQQQ made 200x since inception in February 2010 until his top in November 2021.
Now, in my opinion, we are in the middle of a Bear Market.
My expectation is that this Bear Market will last till December 22 until June 23.
After that the next Bull market should start.
My expectation for the Nasdaq 100 is to trade around 47.500 Points after this 10 Year Bull Market, which would take the TQQQ to around 1000.
This would equal a 100x from the Bear Market lows, which I expect around 10.
Of course no one can predict the future but I would also be happy with just 50x in 10 Years :D
And I really think that this is a possible scenario.
So here is my plan:
in December 2022 i will start investing all of my money into TQQQ.
For the next 5 years i will put everything into TQQQ too.
AND finally in 2034 I'm hopefully a multimillionaire.
See you guys in 2034 :D
(not a financial advise)
TERM
MATIC.USD (SHORT-TERM)Hello friends.
How are you today?
It's the second analysis that I publish today.
Many users asked me to talk about Matic for Short-Term
So I decided to talk about that briefly.
I use Gann Fan and Ichimoko and the time frame is Weekly.
According to the data, the price still respects the Gann Fan's line. It looks nice.
Also, I use ichimoko too.
Based on Ichimoku the price is below the Tenken-sen and Kijun-sen, the future cloud is still bearish and the Chiko span is below the Candles.we had a negative swsitch between tenkensen and Kijunsen. It means we are still in a bearish trend. and the time shows us about 2-3 weeks later, the price will touch the purple line (1/3)
Also, the price action tells us the first support zone could rescue the price against more drops. As a result, I expect that the price will drop to 0.42 USD first and if this support zone could not prevent more dropping, we should see the price in the second support zone.
But in the long-term, I expect more dropping, minimum to second support zone.
So, we have to be patient and see what will happen…
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this Vision with your friends.
Have a good day
Ho3ein.mnD
CHFJPY - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline.
Moreover, the zone 164.5 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CHFJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🧠Short-Term EURUSD Sentiment🔥
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc.
German industrial orders came in lower than forecast in the latest monthly report, underscoring the challenges manufacturers continue to face from high energy costs and supply chain disruptions. Additionally, French GDP growth slowed more than anticipated in Q3, raising concerns that the second largest Eurozone economy may be slowing.
Comments from ECB officials at regional central bank conferences this week reiterated the bank's commitment to further tightening of monetary policy in the coming months. However, they maintained a cautious stance, stressing that future rate decisions will depend heavily on incoming economic data. This leaves the policy path somewhat uncertain compared to the more hawkish Fed.
In contrast, US jobless claims came in above expectations last week, pointing to underlying resilience in the labor market. This boosted views that the Federal Reserve remains on track to deliver another supersized 75 basis point rate hike at its November meeting. Fed speakers struck a firm tone that inflation must be cooled through forceful rate actions.
Looking at Eurusd technicals, downside momentum has held above 1.0300 for now. However, near-term rallies continue facing resistance below 1.0500 on cautious short-term sentiment. The outlook could brighten if upcoming Eurozone data surprises higher or there are signs inflation is moderating more quickly than expected. But for now, traders appear to favor positioning for dollar strength on a short-term basis.
Technical key aspects of the short term trend and best entry/exit strategy based on the analysis provided in the TradingView charts:
- The short term trend of EURUSD across the timeframes analyzed (weekly to 4H) remains bearish. Price action has been declining within descending resistance lines and channels.
- Best entry for short trades was suggested to be after a bounce from resistance levels or pullbacks from oversold/oversold levels on indicators like the BB bands. This reduces risk of entering at highs.
- Given volatility in currency pairs, optimal stop loss placement would be above recent swing highs or structural resistance levels, around 20-30 pips above entry to limit downside risk.
- Initial profit targets were identified as lower support levels, around 50-100 pips below entry. This provides a favorable risk-reward ratio of at least 1:2.
- Additional extended profit targets aligned with longer term analysis include monthly or weekly demand zones and support levels offered by structural patterns like descending channels over 100-200 pips lower.
- Traders are advised to exit parts of their position at initial targets and move stops to breakeven on the rest, as well as trail stops closer as the trade moves in their favor, to lock in profits and limit risks of unexpected reversals.
Nifty Sort term ViewI can provide a general perspective on the Nifty 50 index. However, please note that market conditions and sentiments can change rapidly, and it's important to consult up-to-date financial sources and consult a financial advisor for the most current and tailored advice. #nifty, #nifty50
ITD Cementation ITD Cementation is trading at all time high. Stock is about to give breakout at all time high levels with good volumes. Also, the order book is also very strong. YOY profit and EPS are in increasing trend. It Can be good investment pick for long term.
May be Added at CMP or upto 200 levels for a targets of 300-350 with strict SL of 150.
Remember this is long term bet.
BTC Fundamentals and Long Term predictionsI'm horrible at technical analysis but the fundamentals of bitcoin are something I'm very familiar with.
Like rats on a Caribbean Island Bitcoin will experience a hyperbolic s-curve that levels off once it:
1 reaches global forex market saturation (1-10%)
2 approaches 21M limit
Along the way global economic events will create massive bubbles as collapsing economies convert fiat into cryto (presumably BTC).
As the average price of BTC gets higher, and the collapsing economy's size get biggers, FOMO will make theses bubbles bigger and bigger as well (Red triangles). This is good news though, more opportunity for profit ;D
When the S-curve starts to level off we might see something like this elenastreuding.files.wordpress.com
or this
www.google.com
Its gonna be a wild ride to the top and I hope everyone makes some good money; don't forget to take profit!
-Goonch
Further Reading: medium.com
PS - I'm mostly ignoring the first major bubble because of MTGOX shenanigans
NVDA ~ Long-Term Buyers ZoneNvidia ~ A beast of a company & Leader in the Semi-Conductors and Computer industry
NVDA Stock has fallen nearly 60% with the recent market downturn. Nvidia has came to levels now attractive to buyers and is finding some Long-Term Support dating back to TrendLines from Years ago & Previous Resistance Zone in the Fall / Winter of 2020/2021.
Though Nvidia had some bad news recently which has pushed it further in to this zone, long term outlook from the company has not changed one bit. As the Price of NVDA falls the value behind the stock only increases, with the p/e falling to near 35.
Earnings are continuously growing annually, and this company is a monster in Tech. Long Term outlook here is strong, and the Risk/Reward near these levels are optimal for Long-Term investors.
If NVDA Breaks Below its current demand Zone which I expect it to consolidate in, we could see a run down to $100 and then Pre-Pandemic Levels.
TTM_Squeeze also indicates bearish momentum fading on the stock.
Overall, my thesis for NVDA Long-Term (3-5 years) is strong and bullish for new fresh ATHs.
RIOT Long term price prediction.Monthly charts and the RSI needs to have a turn around to have any momentum up in the near future. I expect a strong September depending on global economic conditions. Trading in correlation and tagging along with BTC, I have illustrated the 3 cycles and drew a trendline for my prediction for the new ATH at cycles end. Long term options for 1/17/25 $86. Enjoy the ride.
EURCAD Sell Short Term In this trading analysis, we will provide insights into the prevailing short-term bearish bias for the EUR/CAD currency pair. We will focus on the fundamental factors that contribute to the Canadian Dollar (CAD) strength and the support from rising oil prices. Additionally, considering that an open sell position on this pair is already established, we will assess the potential for further downside movement.
Technical Analysis Update:
a) Continuation of Downtrend:
The EUR/CAD pair has been in a downtrend, forming lower highs and lower lows on the price chart. As the sell position has already been initiated, the technical analysis indicates that the downtrend is likely to continue, given the established bearish momentum.
b) Moving Averages:
The 50-day and 100-day moving averages are sloping downward, reinforcing the bearish bias. Additionally, the current price remains below these moving averages, which suggests a continuation of the downtrend.
c) Resistance Turned Support:
Previously established resistance levels may now act as support zones for the EUR/CAD pair. Traders should closely monitor these levels as potential areas for price reversals or profit-taking points.
Fundamental Analysis Update:
a) Canadian Dollar (CAD) Strength:
Strong Economic Indicators:
The Canadian economy has shown resilience, with positive economic data such as robust GDP growth, strong employment figures, and a rebound in manufacturing and export sectors. These indicators have boosted confidence in the CAD and attracted investors seeking higher returns.
Hawkish Monetary Policy:
The Bank of Canada (BoC) has taken a more hawkish stance, signaling potential interest rate hikes to combat surging inflation. Such a policy outlook tends to bolster the CAD's attractiveness to investors.
b) Rising Oil Prices:
Positive Impact on Canadian Economy:
Canada is a major oil exporter, and rising crude oil prices have a significant positive impact on the country's economy. The surge in oil prices can lead to increased export revenue, strengthen the Canadian trade balance, and support the CAD's value.
Correlation with CAD Strength:
Historically, there has been a positive correlation between oil prices and the Canadian Dollar. As oil prices rise, the CAD tends to appreciate due to Canada's strong economic ties to the energy sector.
Conclusion:
In conclusion, the trading analysis supports the continuation of the short-term bearish bias for the EUR/CAD currency pair. The technical indicators signal a continuation of the established downtrend, and the fundamental factors, including CAD strength driven by strong economic indicators and hawkish monetary policy, as well as the support from rising oil prices, reinforce the negative outlook for the EUR/CAD.
Given the open sell position on the pair, traders should continue to monitor the technical and fundamental developments closely. Adjustments to stop-loss levels and profit-taking points can be considered to manage risk effectively. As always, prudent risk management strategies are crucial in forex trading to mitigate potential losses and maximize gains.
GBPJPY sell short Term GBP/JPY is currently displaying signs of a bearish movement in the short-term. Several technical indicators and fundamental factors suggest that the currency pair may experience a downward trend in the coming days. Traders should exercise caution and consider bearish strategies when positioning in GBP/JPY.
Technical Analysis:
Bearish Downtrend: The GBP/JPY pair has been forming lower highs and lower lows on the daily chart, indicating a potential bearish trend in the short term.
Moving Averages: The 50-day moving average has crossed below the 200-day moving average, forming a bearish signal known as a "death cross." This crossover indicates a possible shift towards bearish sentiment.
RSI (Relative Strength Index): The RSI is currently hovering below the 50 level, reflecting weakening bullish momentum and increasing bearish pressure on the pair.
MACD (Moving Average Convergence Divergence): The MACD histogram is showing negative values and a declining trend, supporting the bearish view.
Fundamental Analysis:
Economic Indicators: The recent economic data from the United Kingdom, such as lower-than-expected GDP growth and rising unemployment, have put downward pressure on the British Pound (GBP).
Risk Aversion: The Japanese Yen (JPY) has historically been sought as a safe-haven currency during times of market uncertainty. With global geopolitical tensions and economic uncertainties, investors might shift towards the JPY as a safe-haven asset, causing depreciation in GBP/JPY.
Interest Rate Divergence: The Bank of England (BoE) has expressed concerns about inflationary pressures and may take a more hawkish stance, which could lead to a widening interest rate differential between the UK and Japan. A wider interest rate gap could lead to a stronger JPY and a weaker GBP.
Conclusion:
Based on the technical and fundamental analysis, GBP/JPY appears to be favoring a bearish movement in the short term. Traders are advised to consider bearish strategies, such as short positions, while exercising proper risk management techniques. However, as with all trading decisions, it's crucial to stay updated on market developments and be prepared to adjust your strategy if conditions change. Always perform thorough research and analysis before making any trading decisions.
CHFJPY Buy In this trading analysis, we will examine the CHF/JPY currency pair and provide insights into the prevailing short-term uptrend bias. Additionally, we will focus on the fundamental factors that indicate weakness in the Japanese Yen (JPY) and support the appreciation of the Swiss Franc (CHF) against the Yen in the near term.
Technical Analysis:
a) Short-Term Uptrend Pattern:
Upon analyzing recent price action, it is evident that CHF/JPY has been forming higher highs and higher lows, signaling a short-term uptrend pattern. This pattern indicates that buyers have been dominant in driving the currency pair higher over the short run.
b) Moving Averages:
The 50-day and 100-day moving averages for CHF/JPY are trending upward, confirming the presence of a short-term uptrend. Moreover, the current price is above these moving averages, further reinforcing the bullish bias.
c) Relative Strength Index (RSI):
The RSI, a momentum oscillator, is currently showing readings above 50, indicating bullish momentum. This supports the short-term uptrend bias for CHF/JPY.
d) Support and Resistance Levels:
Price action analysis also reveals that CHF/JPY has been consistently finding support at key levels, while overcoming resistance levels with relative ease. This reinforces the strength of the short-term uptrend.
Fundamental Analysis:
a) Weakening Japanese Yen (JPY):
Monetary Policy Divergence:
The Bank of Japan (BoJ) has maintained an ultra-loose monetary policy, including negative interest rates and yield curve control, to stimulate the economy and counter deflation. In contrast, major central banks in other countries, including the Swiss National Bank (SNB), have been signaling a potential tightening of monetary policy due to improving economic conditions. This divergence in monetary policy outlooks contributes to JPY weakness.
Economic Growth Concerns:
Japan's economy has faced headwinds due to demographic challenges, sluggish consumer spending, and subdued inflation. Although there have been some signs of recovery, concerns about the sustainability of economic growth persist. In contrast, Switzerland's economy has shown more resilience, supported by strong exports and a favorable business environment, which enhances the attractiveness of CHF.
Safe-Haven Flows Ebbing:
The JPY is traditionally considered a safe-haven currency, attracting investors during times of heightened global uncertainty. However, with improving market sentiment and reduced geopolitical tensions, the demand for safe-haven assets like the JPY has diminished, causing the currency to weaken against its counterparts.
Conclusion:
Based on our technical and fundamental analysis, the CHF/JPY currency pair indicates a short-term uptrend bias. The technical indicators, such as the short-term uptrend pattern, moving averages, and RSI, all support the view that the currency pair is likely to continue its upward movement in the near term.
Furthermore, the fundamental factors, such as the weakening JPY due to monetary policy divergence, economic growth concerns, and reduced safe-haven demand, contribute to the appreciation of the CHF against the JPY. Traders should, however, remain cautious and consider implementing appropriate risk management strategies, as market conditions can change rapidly in the forex market.
GBPUSD Sell Short term In this trading analysis, we will examine the GBP/USD currency pair and provide insights into the prevailing downtrend bias. Our analysis will encompass technical and fundamental factors to support our view that the British Pound (GBP) is likely to continue depreciating against the US Dollar (USD) in the near term.
Technical Analysis:
a) Downtrend Pattern:
Upon reviewing the historical price action, it is evident that GBP/USD has been forming lower highs and lower lows, indicating a clear downtrend pattern. This pattern suggests that sellers have been in control, pushing the currency pair lower over time.
b) Moving Averages:
The 50-day and 200-day moving averages for GBP/USD are sloping downward, confirming the presence of a downtrend. Additionally, the current price is below both these moving averages, reinforcing the bearish bias.
c) Relative Strength Index (RSI):
The RSI, a momentum oscillator, measures the speed and change of price movements. A reading below 50 on the RSI indicates bearish momentum. In the context of the GBP/USD pair, the RSI has consistently remained below 50, further supporting the downtrend bias.
d) Fibonacci Retracement:
When applying Fibonacci retracement levels from recent highs to lows, we notice that GBP/USD has failed to breach key resistance levels, further validating the downtrend.
Fundamental Analysis:
a) Economic Indicators:
The UK economy has been facing several challenges, including uncertainties surrounding Brexit, slowing economic growth, and geopolitical concerns. On the other hand, the US economy has exhibited more resilience with robust employment figures, improved consumer spending, and a relatively hawkish monetary policy stance by the Federal Reserve. These fundamental factors favor the strength of the USD against the GBP.
b) Interest Rate Divergence:
Interest rate differentials play a significant role in currency movements. The Bank of England (BoE) has been cautious in raising interest rates due to the uncertain economic conditions, while the Federal Reserve has been on a path of gradual rate increases. This interest rate divergence supports the USD's strength against the GBP.
c) Risk Aversion:
In times of uncertainty and risk aversion, the USD tends to attract safe-haven flows, which could exacerbate the downtrend in GBP/USD. Geopolitical tensions, economic challenges, or global market volatility may trigger such risk-off sentiment, putting additional downward pressure on the British Pound.
Conclusion:
Based on our technical and fundamental analysis, the GBP/USD currency pair presents a compelling downtrend bias. The technical indicators, such as the downtrend pattern, moving averages, and RSI, support the notion of further downward movement. Moreover, the fundamental factors, including economic indicators, interest rate differentials, and risk aversion, indicate that the US Dollar is likely to outperform the British Pound in the near term. As with any trading analysis, it is essential to exercise caution and consider risk management strategies before making any trading decisions.
USDCHF BUYIn this trading analysis, we will assess the USD/CHF currency pair and provide insights into the prevailing uptrend bias. Through the examination of technical and fundamental factors, we aim to demonstrate that the US Dollar (USD) is likely to continue appreciating against the Swiss Franc (CHF) in the near term.
Technical Analysis:
a) Uptrend Pattern:
Upon studying the historical price action, it is evident that USD/CHF has been forming higher highs and higher lows, indicating a well-defined uptrend pattern. This pattern suggests that buyers have been in control, pushing the currency pair higher over time.
b) Moving Averages:
The 50-day and 200-day moving averages for USD/CHF are sloping upward, supporting the presence of an uptrend. Furthermore, the current price is above both these moving averages, reinforcing the bullish bias.
c) Relative Strength Index (RSI):
The RSI, a momentum oscillator, measures the speed and change of price movements. A reading above 50 on the RSI indicates bullish momentum. In the context of the USD/CHF pair, the RSI has consistently remained above 50, further supporting the uptrend bias.
d) Fibonacci Extension:
When applying Fibonacci extension levels from recent lows to highs, we observe that USD/CHF has successfully breached key resistance levels, confirming the continuation of the uptrend.
Fundamental Analysis:
a) Economic Indicators:
The US economy has shown signs of strength, with robust GDP growth, low unemployment rates, and an improving labor market. Additionally, the Federal Reserve has maintained a relatively hawkish stance, signaling potential interest rate increases in the future. These favorable economic indicators and a positive monetary policy outlook support the appreciation of the USD against the CHF.
b) Safe-Haven Status of CHF:
While the Swiss Franc is considered a safe-haven currency, it often appreciates during times of heightened global uncertainty. However, with improving economic conditions and optimism in the global markets, investors may shift away from safe-haven assets like the CHF and move towards higher-yielding currencies like the USD.
c) Interest Rate Differentials:
The US Federal Reserve's potential for raising interest rates makes the USD more attractive to investors seeking higher yields. On the other hand, the Swiss National Bank (SNB) has maintained a negative interest rate policy and is likely to be cautious about tightening its monetary policy. This interest rate differential between the USD and CHF favors the appreciation of the US Dollar.
Conclusion:
Based on our technical and fundamental analysis, the USD/CHF currency pair exhibits a compelling uptrend bias. The technical indicators, such as the uptrend pattern, moving averages, and RSI, support the continuation of upward movement. Moreover, the fundamental factors, including strong US economic indicators, a hawkish Federal Reserve, and interest rate differentials, favor the appreciation of the USD against the Swiss Franc in the near term. As with any trading analysis, traders should exercise caution and implement appropriate risk management strategies when making trading decisions.
DAILY CHART - RELIANCE INFRAThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
NSE:CCL Products - Updated chart key levels 🎚You can check the previous updates
CCL Products Ltd (CCL) is in the business of converting raw coffee beans into instant coffee granules/powder. The company is not only
India’s largest coffee processor, but it has the world’s largest single location plant and has top private label instant coffee manufacturers
across the globe as its clients. While prima facie it looks like a commodity conversion business, unlike tea or other commodities, coffee
processing is a specialist job as the flavour and consistency has to be maintained batch after batch irrespective of the input quality or
grade. Not many companies have been successful in doing this and hence, globally, coffee business has very little competition and high
profitability.
Worldwide CCL’s coffee is being consumed at the rate of 1,000 cups per second. CCL exports its processed coffee to more than 90
countries and supports more than 250 brands with sustainable supplies — both quality and quantity. CCL has on offer more than 1000
recipes for the clients to choose from. It has a combined state-of-the-art manufacturing capacity of 35,000 MTPA, which is spread over
Duggirala (Guntur District of AP), Kuvvakolli (Chittoor District, AP), Switzerland, and Vietnam. Having succeeded in placing their coffee on
the world markets, CCL launched its ‘Continental Coffee’ brand for the Indian market, which should act as a major growth catalyst, going
ahead. With the help of its rich experience in the international markets, it has developed 250+ blends, claiming they are superior to its
competitors’ blends