The risk-to-reward is there Short NVDA / Long SPY The trade is simple...It's invalidated at some point higher than the double top AND higher than all the liquidity created by stop-losses. Target the large gap but manage the trade along the way. Keep the stops WIDE. There will be PLENTY of people trying to Buy-the-Dip and hoping to re-create the massive run up.
There is about 30% of stock value to unlock if the deal finalizes. Below is the risk-to-reward per options quantity. Multiply the Max Loss by an integer to match your trade size. Dec 2024 Buy the 14 Sell the 18 Max gain $214 Max loss $186 Break-even PARA $15.86
Undervalued going into earnings Target is $54.00 Stop set at $43.00
Begin to dollar cost average into TSLA below HKEX:72 or Look for a bottoming pattern in the HKEX:35 - HKEX:72 range.
Some interesting opportunities have emerged. Litecoin is one of those. It's possible that the 5 year bear market in Litecoin has ended. Buy the break-out with a stop-loss down 50%. Target 3-to-1 or 4-to-1.
For the first time in 2022, ZROZ is trading above the 50 moving average. It's due for a relief bounce. You can try and play the LONG, now, but keep your stop-loss VERY loose. Otherwise, Dollar Cost Average into ZROZ to build a long-term position or buy the next pullback.
By tracking TotalDeaths over Confirmed Cases, we now see a slowdown; possibly signalling that the worst is over. Still, we wan't to see lower highs and lower lows.
When charting Covid19 US Deaths over Confirmed cases, the Pandemic is beginning to show weakness. After weeks period of increasing infections, those who had become infected have either died or recovered. That ratio, if near, is a "Lower High" than the one set in Early March. If we begin to see a trend of "Lower highs, Lower Lows", the pandemic is being contained....
I'm charting the number of deaths over the number of confirmed cases. Lower highs and lower lows indicate that people are becoming well and the virus is being contained.
If Bitcoin is in a bull market, Elliott Wave may give us an insight into what to expect. Bitcoin is in a bull market if the recent crash is a completion of Wave 2.
Against the S&P 500, the benchmark for a store of value, Bitcoin has greatly outperformed. Without question, Bitcoin's uncorrelated movements to other asset classes merits it's position in a diversified portfolio
As Bitcoin comes into a new wave of adoption and innovation, the old curve flattens...and a new one begins. Forget the past bear markets. Bitcoin is just now completing it's 2nd macro cycle. There's still a lot left in store. Hodl
High risk assets can often reveal a pattern when charted against each other. It is LIKELY that many investors in Bitcoin are also investors in Tesla. These are disruptive. As one asset gains an out performance, Re-balancing will take place.