Wealth
GBP/AUD Long Idea TradeMarket structure broke resistance now testing as support.
we respected this area on higher time frames multiple times and now on 15m we broke structure to potentially rally 100 pips to the next clear resistance area where the market has not tested.
great risk to reward setup. better confirmation would be if we respect the blue support zone.
GBP/AUD SHORT TRADEAt a major resistance zone. supply area
great risk to reward setup.
i would wait for pre london session for a more clear reversal patter as we can still easily break above. entering now would present the best risk to reward setup. but the probablity is not as high as we can get later on before london session.
1:7 risk to reward
Safeguard Your Investments Against Impending CrisesI write to you with a sense of concern and urgency regarding the current state of global financial markets. As an astute investor, it is crucial to stay ahead of potential crises that could significantly impact your portfolio. In light of this, I would like to draw your attention to two potential scenarios that demand our immediate attention: hyperinflation and a financial crisis.
1. Long Gold for Hyperinflation
2. Long BTC for Financial Crisis
To aid you in making informed investment decisions, I encourage you to calculate the probability of which crisis will hit first. By assessing the likelihood of hyperinflation versus a financial crisis, you can better allocate your resources and tailor your investment strategy accordingly. Consider consulting with your financial advisor or utilizing online tools to analyze historical data, economic indicators, and global trends. This exercise will empower you to make more informed decisions and protect your investments against potential market downturns.
Remember, the key to successful investing lies in proactive decision-making and staying ahead of the curve. By taking action now and diversifying your portfolio with long gold and long BTC positions, you can position yourself to weather any storm that may lie ahead.
In conclusion, I urge you to carefully evaluate the potential risks posed by hyperinflation and a financial crisis. Do not let complacency hinder your ability to protect your investments and secure your financial future. Act now, calculate the probability of each crisis, and make the necessary adjustments to your portfolio.
If you require any further information or assistance in navigating these challenging times, please do not hesitate to comment away below. Together, we can navigate these uncertain waters and emerge stronger.
Wishing you continued success and financial well-being.
Hold Your Sunrun Stock
In light of the recent sub-sequential decline in Sunrun's price action, I am compelled to present this report to provide clarity on the matter. The price movements have exhibited a significant trend of exponential lower highs and lower lows, nearly approaching levels seen over the past 52 weeks.
Allow me to share my insights. For those wise investors who have held positions in Sunrun for an extended period, such as myself, it's evident that this isn't the first time we've witnessed a price decline of this magnitude. Sunrun is renowned for its status as a high-speculative stock, frequently subject to significant market fluctuations as large institutions reposition their capital. It's 210 M circulating shares floats is a perfect reason of this massive % change in the price. These pronounced market movements are often welcomed by short-term and long-term investors alike. NASDAQ:RUN
However, it is noteworthy that the recent selling activity has been quite pronounced. Therefore, this report strongly recommends to those who are perusing its contents to resist the urge to sell their shares at this juncture. Sunrun has demonstrated consistent growth in the last two quarters, signaling the potential arrival of new buyers in the near future.
It's crucial to bear in mind the timeless adage that when the crowd is selling, it's an opportune moment to buy, and conversely, when the crowd is buying, it's prudent to consider selling. This sage approach remains a valuable cornerstone in navigating the intricate terrain of the financial markets.
Tesla poised for a breakoutNASDAQ:TSLA - Tesla the "EV Maker" has seen a massive comeback from the low $100s. Tesla tested the $200 mark in February after which we have seen approximately 30% correction which partially filled the gap created in January.
Per the diagram we can see that Tesla NASDAQ:TSLA is forming a classic extended broadening wedge pattern, which can indicate consolidation before continuation to the upside.
There is significant hype around AI since ChatGPT since launch. We believe Tesla is well positioned to take advantage of the AI revolution.
Tesla has made significant progress in AI specifically with their self driving capabilities.
Tesla has an abundance of data due to their extensive fleet of vehicles on the road, collecting data daily. This data is used to train its AI algorithms, enabling Tesla to develop more refined and accurate models over time. As of 2023, Tesla has gathered data from over 35 million Full Self-Driving (FSD) miles driven by its fleet, giving it a significant data advantage over competitors. Remember your AI models is only as good as the data you can train it on. Proprietary datasets are gold in the AI/Machine learning world.
Tesla's ultimate ambition is to establish a Robotaxi service, where Tesla cars function autonomously without the need for a human driver. Success in this endeavour is not guaranteed, but should they achieve this goal, it could provide Tesla with a substantial competitive edge in the electric vehicle market. In addition to this, Tesla has Optimus (AI robot), but we shall not dive into that in this thread.
Tesla plans to grow vehicle deliveries by more than 50% in 2023. The company also expects to see a significant growth in its energy business and is planning to expand its production capacity.
The company is also making progress on its Semi and Cybertruck, with deliveries expected to begin soon.
Tesla's new factory in Mexico is also expected to increase the company's production capacity and produce electric vehicles based on Tesla's new vehicle platform. (Low cost vehicle platform.
Entry points: Accumulation of entries between $168 to $196. Ultimate confirmation would be a daily/weekly break and close above the wedge line.
Targets:
TP1: $242 - 0.618 Fib Retracement
TP2: $306 - 0.786 Fib Retracement - this also aligns with an order block between $294 & $312.
TP3: $376 - Just under 10% away from its previous ATH
Stop Loss: $163 - Wide stop loss due to volatile nature of Tesla
Leverage: Max 5x - I personally use a combination of spot holdings and 5x leverage to take advantage of shorter term swings.
Unlocking the 6 Levels to Financial Freedom
If you’re living paycheck-to-paycheck or stuck in a job you don’t love just to pay the bills, it can be easy to feel as though you’re financially trapped. But financial freedom doesn’t need to be elusive—with some focused and consistent effort, you may be able to achieve financial freedom sooner than you expected. Below, we’ll discuss the different stages of the financial freedom journey
Stage 1: Dependence ✔️
The “dependence” stage of financial freedom can last from your childhood and teen years even into your adult life. If you rely on a parent, a significant other, or someone else to pay your living expenses, you’re in this stage. Fortunately, as soon as you become solvent—that is, when your income exceeds your expenses—you’ve moved on to stage 2.
Stage 2: Solvency ✔️
Solvency comes when you’re able to meet your financial obligations on your own. (If you’re partnered, you can still be considered solvent even if your partner’s income is necessary to meet your total household expenses—since you’re supporting two or more people instead of just yourself.)
Stage 3: Stability ✔️
You’ll transition from solvency to stability once you’ve created an emergency fund of a few months’ expenses, repaid high-interest debt, and are continuing to live within your means. While stability doesn’t require you to be debt-free—as you may still have a mortgage, student loans, or even credit card debt—you’ll have a savings buffer to ensure that you won’t go into debt if you encounter an emergency or unexpected expense.
Stage 4: Security ✔️
You’ll feel financially secure once you’ve eliminated your debt (or have enough assets to pay off all your debt) and could weather a period of unemployment without worry. At this point, money is not just a safety net, but also a tool you can use to build the future you’ve been planning. At this point, you may consider investing in other assets besides retirement accounts — a taxable account, rental real estate, or even your own small business.
Stage 5: Independence ✔️
Once your investment income or passive income is enough to cover your basic needs, you’ve achieved financial independence. A financially independent person can retire at any time without worrying about how to cover their costs of living, even if they may have to downsize their lifestyle a bit.
Stage 6: Freedom ✔️
The line between financial independence and financial freedom can be a fine one; for many, it’s simply the difference between having enough to cover your needs or having more than enough. Once you have financial freedom, you don’t need to pinch pennies (unless you want to), and you can take more risks with money you’re willing to lose.
Now that you know the stages of financial freedom, think about where you are. How much do you need to get to the next level?
What do you want to learn in the next post?
🍀Trading VS Investing🍀
🦥When it comes to making money in the finance world, there are two main paths to choose from: trading and investing. Both of these approaches involve buying and selling financial products in order to generate a profit, but there are some important differences that are worth considering if you're trying to decide which strategy is right for you.
🦧Let's start with trading. Traders are, by definition, people who make frequent short-term transactions in the financial markets. Their goal is to take advantage of fluctuations in market prices in order to make a quick profit. This means that traders are constantly monitoring charts, news sources, and other indicators in order to identify opportunities to buy and sell within a matter of days or even hours.
🐙On the other hand, investors are typically focused on the long-term potential of an asset. They're interested in buying assets that they believe will appreciate in value over a longer period of time, such as several years or even decades. While investors do need to keep an eye on the markets to ensure that they're not buying into overvalued assets, they're generally less concerned with short-term volatility than traders are.
🦋So which approach is right for you? Well, that depends on a variety of factors, including your risk tolerance, your time horizon, and your financial goals. If you're the type of person who loves the thrill of the chase and doesn't mind taking on a bit of risk, then trading might be a good fit for you. On the other hand, if you're more interested in building long-term wealth and aren't too worried about short-term fluctuations, then you might be better off with an investor mindset.
🐝Of course, it's also important to keep in mind that there's no one-size-fits-all solution when it comes to trading versus investing. Some people might find that a hybrid approach, where they mix elements of both strategies, works best for them. Others might prefer to focus on developing a mastery in one area or the other.
🐞Ultimately, the most important thing is to do your research, evaluate your own financial situation, and be honest with yourself about what you're hoping to achieve. With the right approach and a little bit of luck, either trading or investing can be a lucrative way to grow your wealth over time.
🌺Hope u like my article. Please let me know what you think💋
Love, Anabel❤️
Please, support my work with like and comment!
Love you, my dear followers!👩💻🌸
How to Build Wealth (Part I)This video is the first of a series of videos that I hope to post on how to build wealth.
Of note, in this video, I imply that Tesla's stock grows at an equal rate to the rate at which the money supply expands. Although this has generally been true over the past couple of years, over the longer term, Tesla's stock (TSLA) price has grown faster than the rate at which the money supply grows.
If you prefer to read my thoughts on how to build wealth, rather than listen to a video, you can check out my post below:
Note: Nothing in this video should be construed as financial advice. Do not buy or sell any security based on anything in this video. Please consult a financial adviser before making any financial decisions. All of the images and video content contained in this video including the cover image were created by me. I included captions for those who may have difficulty hearing.
Are Health Savings Accounts Worth Your Time? Absolutely.When you're well, sometimes it is difficult to imagine things suddenly taking a turn for the worse. 1.5 years ago, I was as healthy as could be. I thought medical problems were for other people, my checkups always came up roses.
Then I fell ill with an autoimmune neurologic condition, likely autoimmune encephalitis, and I wish I had opened a Health Saving's Account (HSA) the day I turned 18. Funny how life teaches you those lessons.
So what is an HSA?
An HSA is an investment account whose contributions are tax-deductible and withdrawals are tax-free if used for medical expenses. This type of account is only available for those with high-deductible plans health plans. The IRS defines a high deductible health plan as: any plan with a deductible of at least $1,400 for an individual or $2,800 for a family. Literally ripped that last sentence straight out of google. Sue me. If you're uninsured, you're out of luck.
So for those who have high-deductible health plans, it's a way to not only save for sudden health catastrophes, but also to grow your wealth. With Fidelity, there is no limit to what asset class you can partake in. Other HSA's may have limitations, acting more like savings accounts.
When you make a contribution, that money is tax-deductible (so you're investing with "pre-tax dollars"), and will never, ever be taxed if used to pay for a medical expense. But what if your investments have gone down and you have to sell to pay for medical bills? Hint: don't. You can reimburse your own medical bills with NO time limit. That means you could pay $1,000 for surgery using a cash-back credit card (or whatever payment method), wait until your money grows in your HSA, then reimburse yourself tax-free in 30 years. That is, if you kept the receipt ;)
By budgeting, like using YNAB, it's easy to keep track of medical expenses and reimburse yourself tax-free when it makes the most sense. Or, if you prefer, you can invest in more conservative instruments. Like CD's, which are paying as high as 4.7%. Or you can treat it like an actual savings account and enjoy Fidelity's 2.21% APY on uninvested cash.
So for those keeping score:
-Contributions are tax deductible
-Medical expenses are tax-free when you liquidate your investment(s) to cover them, which you can do retroactively with no time limit
-Growth and trading within the account is tax-free (unless you live in CALIFORNIA or NEW JERSEY. Don't ask me, but you will be taxed on trading like you would an individual brokerage account)
-You can withdraw your funds like you would an individual brokerage account at 65 (that is, you'll be taxed but not penalized)
There are pretty hefty penalties for non-medical withdrawals before you're 65: up to a 20% penalty and ordinary income tax on capital gains. Not pretty, so don't put money into an HSA that you'll need for other things.
In addition, there are yearly limits to how much can contribute. For 2023, it's $3,850 for an individual plan, $7,750 for family plans. You can alternatively roll funds over from an IRA into an HSA (but not the other way around).
I opened one today with Fidelity and will max it out every year. I use YNAB to budget, so I can keep track of my health expenses for 2023 easy peasy. It's always best to plan for the worst.
Thanks for reading, and best of health to you.
InTheMoney
$10,000 Bitcoin In Play, Crypto Winter Is Here, $20k Resistance.In this video I am highlighting how we may see a $10,000 Bitcoin this cycle due to where we are at on the weekly oscillators and the very negative macro conditions effecting the market. We may get a retest back to the $19,000 level on the daily but $20,000 is now serving as a major resistance. I believe it is unlikely that we get above a $20,000 Bitcoin anytime soon but I could be wrong. These next couple of months are looking pretty weary for cryptocurrency right now. Especially the events around FTX could have cascading effects across the entire ecosystem. This is still the beginning.
As bad as all this is it is good for cryptocurrency and will only make Bitcoin and the ecosystem more resilient. This needs to happen for us to get a major reset in the market. I do personally believe there will be very exciting buying opportunities in the near future and we will have another major bull cycle. But as of now we are heavily entrenched in this bear market and we're still going through this cycle. Be careful out there. Bitcoin and Cryptocurrency isn't dead.
Much peace, love, health, and wealth! Trade safe.
Got my savings ready for thisGood day everyone! I mean all i can say is ... I can't wait for that moment.I was so mad I missed the Covid 2020 lows but now it looks like we will all have a second chance to grab some ETH!
I wish you all a great day and don't forget to stay responsible in these markets conditions.
Cheers!
Bitcoin The Trend Is Your Friend? Resistance Ahead.We're a couple weeks away in to seeing if we will break out of our sloping resistance we've formed since November 10th which officially marked the top of the bull market and start of the bear market. Ideally we would want to be holding above $24,000 to continue the uptrend we started since June 18th. If we can not successfully break out of this downtrend there's a strong likelihood that we fall back below a sub $20,000 Bitcoin.
We will know something by the end of September. Between $19,000 - $24,000 is the range we've been trading since June. A lot of price interaction and support around the $20k - $21k price range on the visible range bars.
Ethereum To $2200 But Then What? As the merge from proof of work to proof of stake gets closer for Ethereum there has been a bullish relief wave hitting the market. I do believe that Ethereum is leading the charge in this relief rally as the merge will have a major impact on the entire cryptocurrency market.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be cautious because I do believe we're still in the early stages of a bear market. I could be wrong but as I've been saying we haven't been moving sideways for an extended period of time just yet and the market is still very precarious.
I do believe we will eventually revisit a $1000 Ethereum or lower again as we go deeper into the bear cycle. As of now I'm waiting until we turn red again to dollar cost average in. The whole game plan is to accumulate heavy as close to the bottom as possible. I like others believe we still have a ways to go before we have a true bottom. Take it with a grain of salt because I could be wrong.
PENNY STOCK-JIK INDUSTRIES MONTHLY :NSEPenny Stock
JIK INDUSTRIES - 0.55
Target - 3.50
Time Horizon 5 Years
**This Post is for Educational Purpose only, Please concern with your Advisor before investing in Market related Securities.**
Bitcoin Where Are We? Still Some Pain On The Horizon. I don't believe we are out of the weeds yet and still have a ways to go with this bear market. The Federal Reserve's aggressiveness towards raising interest rates to combat inflation isn't the best conditions for a bull market in asset markets in general. We still haven't had any sideways movement with Bitcoin just yet and I don't believe we've found a true bottom either.
We could rally up to $28,000 or $30,000 but volume is fading and it seems like the current rally is starting to stall out. There's a big possibility that we revisit a sub $20k Bitcoin in the coming weeks or months. If the United States continues it's trend of negative growth that will not translate well into the crypto markets.
It's all about the cycles at the end of the day. The goal is to accumulate during the bear as close to the bottom as possible and ride the wave into the next bull cycle.