Engineer. Over 10 years of experience in stock and cryptocurrency swing trading. Provides trading analysis, insights, setup, macro strategies, and market commen
Price is now in a clear uptrend of higher highs and higher lows while reclaiming and holding key support levels. The daily RSI also looks primed for a major expansion move from here. Patience is often rewarded the most right before the crowd gives up.
So many people gave up on
$IREN
over the past several months, right before it looks ready to rip faces off on a move toward $100+. In fact, I currently have this next leg higher measuring to roughly $106β$124.
@longinvest32 Attention all US stock account holders! I cordially invite you to join my free discussion group to explore diversified investment strategies. Here is my WhatsApp link: https://t.co/6mZYjCZppg
and how I use periods of peak fear to identify low-risk, high-reward buying opportunities. If you've ever wondered why some investors get more aggressive when everyone else is panicking, this one's for you.
Just posted a deep dive on one of the most powerful contrarian indicators in the market: the $VIX. Inside, I break down what the $VIX actually measures, the historical returns following major volatility spikes, the levels I watch most closely,
Just remember: the higher they spike the $VIX in the short term, the more fuel they're potentially adding to the next leg higher in equities later this year. If I were a bear, I'd be more concerned by elevated $VIX readings than encouraged by them.
Every volatility spike eventually burns itself out, and when the $VIX rolls over, that volatility often becomes jet fuel for risk assets. That's why I'm maintaining a larger-trend bullish outlook and continuing to embrace an aggressive buy-the-dip mentality.
Some of you are paying this man $1.5 million per year for a weekly dart throw. Meanwhile, I'm dropping hundreds of charts, precise levels, & high-conviction setups every month for 10% of the cost. The difference? I actually show my work.
The asymmetric returns have already been captured. Chasing after a stock has already completed a major measured move is rarely where the best risk/reward opportunities are found. And remember, you're allowed to take profits when upside targets are hit.$NBIS
$NBIS
rejected almost perfectly at the log-scale 1.618 Fib target. That was your "take-profit" zone. I still see a lot of people looking to buy this name every day. Why? Do you like buying high and then selling low for a living?