I will be a buyer under 13800 levels, but depending upon the reversal on smaller timeframe.

#Tatametali

Fib levels

Stock peaked out at 1.618 extension of last swing at 1373.7. Now consolidating around 1.272 extension level.

Can potentially do 2055 after taking out 1388.

Will wait for breakout. Metals are looking prime for next run.

RSI is almost perfect indicator.

Ion Ex: RSI made top on 10 June and stock closed at 2178.9.There was a divergence on the chart as RSI kept making LH but price kept up.But in yesterday's correction, price exactly visited the closing price of RSI top and cleared the divergence.

You want to fundamentally invest in steel or metals or sugar or textile stocks?

Wait for worst earning performance to buy and then sit with patience.

And when is the best time to sell?

When earnings improve and PE ratio goes to single digit.

Case in point: SAIL and Tata Steel with PE of 2 and 3 respectively

#SUGAR

Shared this update on sugar stocks in Feb on telegram.

Some of them have moved a bit but this is just the beginning.

Way sugar is setting up, it can very well replicate pharma rally of 2020.

However, looks extended on smaller tf. Will wait here for some retracement.

Bull Market Rotation: We all have heard about bull market rotation over last few months. 

Let's see how it looks. Below is the comparative chart of IT (candlestick chart) vs Metals (blue line chart). Let's see how it has moved from March'20 bottom till now. 

(1/4)

1) March'20 to July'20: Both going up but IT clearly outperforming metals during the period.

2) July to Aug: IT consolidating, metals outperforming.

3) Aug to Oct: IT moving up, metals under retracement.

(2/4)

4) Oct to Nov: Tables turning again in favour of metals.

5) Nov to Jan: Both moving up, but IT outperforming.

6) Jan to May: Metals outperforming IT after some initial retracement in first few weeks of Jan. Since last week of Jan to May, it's been all metals.

(3/4)

7) May to July: IT again leading, with metals consolidating.

Let's see how it turns from here.

(4/4)

For those who were trading in 2017 or earlier bull markets this may be obvious, but these kinds of corrections are typically driven by overleveraged longs, not whales dumping on you. That hasn’t started yet. Let me break down why it happens and why it is worse on the weekends.

I should probably have data to back this up, but I haven’t kept up to date with the latest trading data so much of this is based on intuition and experience trading through 2016-2018. If you have data that invalidates this please provide it, happy to be wrong here!

Firstly in an early bull market you have some OG holders taking profit around previous ATH, they have “learned their lesson” and are trying to not get rekt like last time. Once they finish taking some profits or hedging they are riding this up to multiples of previous ATH.

For example I sold around 5-10% of my ETH into stables between $500-$1200, over $1,200 you would need to claw it out of my cold dead hands before we hit $3k. If we don’t get there this cycle (we will) then I will just keep holding. I know a lot of people who did the same.

The problem with this is that the new money coming in and pushing the price up is highly leveraged, and the people with the most conviction are mainly holding and so while they might buy some dips they probably don’t have the dry powder to soak up huge liquidated positions.

0/Why HODL?

Bitcoin is a proxy for the struggle for human dignity. It is a peaceful revolution seeking to displace the anomaly of false monies. The world stands at the cusp of social and political upheaval. Though many look to politics, money’s fate will determine our future.

1/HODLers voluntarily participate in the reformation of money. This is a multi-generational effort to secure & ensure a future sans fiat. HODL forms the basis of a simple ideological framework entirely forward looking. It abandons past constructs & releases one from the present.

2/HODLers sacrifice present needs for future rewards. Not just monetary riches, but the gift of an economy free of fiat’s false prosperity. Bitcoin succeeds where fiat fails. Savings is rejoiced, opportunity is available for all.

3/Our civilization is engaged in an epic conflict this time centered around money. Greater than any physical battle in history, fiat’s war on the public seeks deep authoritarian control over every aspect of life. You will work, live, love at their mercy, upon their whims.

4/Historically conflict existed at physical borders between tribes and nations. Members forged ideological bonds allowing them to selflessly coordinate, overcome threats and establish regional security.

1/ The Price of Bitcoin

- Why price is entirely what matters
- How the price helps build Bitcoin

A thread👇

2/ Marketing viral loop

“A viral loop is a mechanism that drives continuous referrals for continuous growth.

It’s how you drive your existing customers to refer others to your brand, and in turn, get those new customers to tell even more people about you." - @ReferralRock

3/ Most of us heard about Bitcoin in 2013, 2017, when friends and family were talking about the rapid price increase. It’s through this viral loop that Bitcoin grows in adoption.

4/ The price is that signal to folks that Bitcoin is interesting, solves a problem, and that others are recognizing it as a new money. If Bitcoin’s price had stayed at $100 none of us would be here. While there is volatility, we keep seeing higher lows = long term trend upwards.

5/ Satoshi built a viral loop into Bitcoin.

“As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value.” - Satoshi

1/ If you're new, here are some must-read resources on bitcoin, ethereum, defi, web 3.0, and the future of crypto.

Tools to join the revolution. 👇

2/ @case4bitcoin is the ultimate bitcoin beginners resource, with macro stats and charts, a deep library of curated content, and regular updates that put bitcoin's evolution in

3/ We've built the new @MessariCrypto to give users a "second screen" for navigating the markets.

+ ROI & fundamentals metrics by sector
+ Comprehensive asset profiles
+ Charting tools, screeners, watch lists

Free! (Though we have premium tools,

4/ Our crypto theses were downloaded 3x more than 2019's. At 134 pages, it seems daunting.

But it's a tight summary of all of our research team's epic work throughout the year.

Almost like 120 tear sheets or 12 sector research reports stapled

5/ Once you've been redpilled on BTC, and have an understanding of the overall crypto markets, the next rabbit hole to jump down is usually ETH.

@RyanWatkins_ and @WilsonWithiam wrote the must read primer on Ethereum, and its major new upgrade