Lara... Wonderful video today... and incredible analysis and insight... And the best part of this video was your comments about Risk Management. I mean that... I've been in Crypto for seven years coming up on my eighth year in December.. and I lost my shirt twice.. due to poor Risk Management on my part in the early days. It's refreshing to hear a professional such as yourself sharing, very expressively, about this topic. It's a crucial element as you say, and many new traders ignore it, or don't fully understand it, or don't know how to integrate it into their trading activity. I'm glad you left it all in the video... Thank you for your professionalism and of course the work you put into sharing your analysis. Your channel is without question one of the best Crypto Analysis channels on RUclips.
Lara, I watch your videos everyday... thanks for the great work you're doing! This was your best video yet... was great to see some personality and reality, keep that coming!
Great content Lara. It's good that you care. But you are not responsible for what people do. If people have losses it's their fault and blaming you is immature and demonstrates that they are not learning from the experience. I watch you, CK and Pip Snipers. When I find confluence in TA I have confidence in a trade or position. I am learning and have some wins and some losses but all that is on me. People underestimate how complex EW TA is and they fail to understand that as things develop different possibilities unfold. Unfortunately you can't cure stupid Lara. Keep up the stellar work. Kia Kaha .
I was about to come here and say exactly the same thing. Please Lara, don't hold back on this stuff EVER! Your analysis and advice is some of the best I've ever seen online. There's an absolute dearth of information out that's extremely difficult to find for beginners like me. I'm not trading short term however, more investing tiny amounts of my poorly performing super in the hope of getting a greater return over several years. I've also been learning about P & F charting which I think is an old lost artform over the years. But not reliant upon it. Be interested in hearing what you think of it. Cheers, David
Thanks Lara for being you being straight , we all have take responsibility for the good and bad I've had losses and wins all are paying for my Education .
If people wanted to short xrp they should have done it when xrp peaked 0.638 cents and put a stoploss in at 0.64 cents and they shouldnt have gone all in. If it broke the trend line they can reverse the same trade and go long but its probably better to take a small loss and wait for the next pullback. I'm really starting to realise patience is key. It's just a game , learn some basics. Patience...money management and listen to Lara , she knows what she's doing .
Btw Lara, Just a bit of a stir from across the ditch, but I can't remember the last time I heard such a heavy Kiwi accent, its heartwarming to hear you 😁
People shouldn't overlook how much work your mind needs at the same time, it's entirely possible to become emotional even if you have the perfect strategy, and still lose money anyway because you fail to execute that strategy well.
Hey Lara - Do you think XRPs wave count could be 3 waves up and not 5, the micro count could suggest it needed one more 5th wave to be completed? 3 waves up could support a (d) wave in a triangle and now its looking for the final (e)?
that.... makes no sense to me you'd have to share a chart for me to see your idea, can do that on X, my link to my X account is in the description box at the bottom
Thanks for sharing your analysis. I see you every day. I wanted to ask you a question, the billions in short positions that have been open since BTC reached its ATH (increased in the last rise to 70k) and that do not take profits even when the price reached 55k, what are they waiting for to take profits? For it to fall to 45K? They are not letting the price go above 70k... Could it be that until they take profits we will not see strong increases in the price of BTC? Thank you very much :)
I have no idea what they're waiting for. I would absolutely never short BTC as the volatility is far too high for my risk appetite. "they are not letting" I don't think this is true. BTC price will do what it wants. People trying to short it will have no effect on price. This is a very unpopular opinion, but there is some solid evidence behind it. There is a very good paper which shows that even governments cannot influence the direction of a stock market, dbc.wroc.pl/Content/39088/PDF/Bielinski_Do_Government_Interventions_Affect_Chinas_Stock_2017.pdf
Price can fall under its own weight from profit taking and lack of buyers, not necessarily short positions. Familiarize yourself with the anchored vwap tool, pull it from pivot highs or lows, or anywhere you like, say beginning of a year, or week, and what it will tell you is whether the majority of trades placed from that point are in profit or at a loss. At this present moment in time, from the ATH on coinbase, the anchored vwap sits directly on top of the 21 day ema at 65.3k ish, so both are being tested, and from that you can conclude that most people who have opened a short from or after the ATH are underwater. It doesn't mean that people who shorted at the exact ATH did not take profits, whether full or partial. They may also take a short as a hedge to protect themselves from a potential collapse in price and have long positions from many different price points. It's a complex game, and hedging is a good strategy, take partial profits on your short as price falls and use a stop loss above the high equal to or less than your profit from the short, so you won't take a loss if you get stopped out, and are protecting your profits from your long positions if price continues to fall.
@@chartphred1Most people say that to begin with. If you really want to do something, you find time, 10 or 20 mins a day is enough to learn a lot of useful skills in a lifetime, watch a youtube video or whatever while you grab breakfast or lunch, works for me. If you're curious enough to get into trading or investing, the markets are not going anywhere, you have time. Bottom line, whatever you do with your money you have to own those decisions, otherwise people do what Lara is ranting about, they look to blame someone else when it goes wrong, so take the time to understand what you're getting yourself into. Most people should probably just go see a financial advisor, get their appetite for risk assessed, and start a pension, because trading is where 90% of people lose money, pretty bad odds.
I heard your explanation on why most probably it's not the 5th wave, but I'm really uncertain, xrp tends to go when it's time, an extended 5th to 1 dollar would induce tons of buying, just to correct to the upper 60s
Great rant but, why not just skip ship coins like XRP altogether, buy BTC only and HODL? DCA or use this analysis to help time your larger buys. Eventually (long term, more than a year from now) it may come in handy for life changing selling. But if you HODL BTC your risk of loss is essentially zero and I don't think you can do better than that!
Lara... Wonderful video today... and incredible analysis and insight... And the best part of this video was your comments about Risk Management. I mean that... I've been in Crypto for seven years coming up on my eighth year in December.. and I lost my shirt twice.. due to poor Risk Management on my part in the early days. It's refreshing to hear a professional such as yourself sharing, very expressively, about this topic. It's a crucial element as you say, and many new traders ignore it, or don't fully understand it, or don't know how to integrate it into their trading activity. I'm glad you left it all in the video... Thank you for your professionalism and of course the work you put into sharing your analysis. Your channel is without question one of the best Crypto Analysis channels on RUclips.
oh wow, high praise! thank you very much indeed Sir
Lara, I watch your videos everyday... thanks for the great work you're doing! This was your best video yet... was great to see some personality and reality, keep that coming!
I'm laughing reading this. Thanks.
I like to remain professional, but sometimes, the mask slips 🤣
@@PureElliottWave haha. Take that thing off! We want more of the rad surfer chick we secretly know you are. 😜
😃
Great content Lara.
It's good that you care. But you are not responsible for what people do.
If people have losses it's their fault and blaming you is immature and demonstrates that they are not learning from the experience.
I watch you, CK and Pip Snipers.
When I find confluence in TA I have confidence in a trade or position.
I am learning and have some wins and some losses but all that is on me.
People underestimate how complex EW TA is and they fail to understand that as things develop different possibilities unfold.
Unfortunately you can't cure stupid Lara.
Keep up the stellar work.
Kia Kaha .
I was about to come here and say exactly the same thing.
Please Lara, don't hold back on this stuff EVER!
Your analysis and advice is some of the best I've ever seen online. There's an absolute dearth of information out that's extremely difficult to find for beginners like me.
I'm not trading short term however, more investing tiny amounts of my poorly performing super in the hope of getting a greater return over several years.
I've also been learning about P & F charting which I think is an old lost artform over the years. But not reliant upon it. Be interested in hearing what you think of it.
Cheers,
David
Thanks Lara for being you being straight , we all have take responsibility for the good and bad I've had losses and wins all are paying for my Education .
paying for your education, that's a really good way to frame it!
good analysis rant as much as you like !
Thanks alot for everyday updates lara forget about the rants and whining keep moving forward 👍
Queen Lara, amazing analysis
Thanks you ..
If people wanted to short xrp they should have done it when xrp peaked 0.638 cents and put a stoploss in at 0.64 cents and they shouldnt have gone all in. If it broke the trend line they can reverse the same trade and go long but its probably better to take a small loss and wait for the next pullback. I'm really starting to realise patience is key. It's just a game , learn some basics. Patience...money management and listen to Lara , she knows what she's doing .
Thank you!
Laura, need 2 hear it. Thanku ❤
The sexiest topic in trading.
I always make successful profit buy in from spot for long term with ur analysis. Keep it up love ur work . Ur blessings ❤❤❤❤❤
Great risk mgmt talk!Nubies should be more humble, watch and learn. 25+ years trading. The best paying because it’s the hardest profession!
Btw Lara,
Just a bit of a stir from across the ditch, but I can't remember the last time I heard such a heavy Kiwi accent, its heartwarming to hear you 😁
😂🤣
People shouldn't overlook how much work your mind needs at the same time, it's entirely possible to become emotional even if you have the perfect strategy, and still lose money anyway because you fail to execute that strategy well.
100% - XRP's B wave triangle adds to the probabilities of the expanded flat call.
Hey Lara - Do you think XRPs wave count could be 3 waves up and not 5, the micro count could suggest it needed one more 5th wave to be completed? 3 waves up could support a (d) wave in a triangle and now its looking for the final (e)?
that.... makes no sense to me
you'd have to share a chart for me to see your idea, can do that on X, my link to my X account is in the description box at the bottom
Thanks for sharing your analysis. I see you every day. I wanted to ask you a question, the billions in short positions that have been open since BTC reached its ATH (increased in the last rise to 70k) and that do not take profits even when the price reached 55k, what are they waiting for to take profits? For it to fall to 45K? They are not letting the price go above 70k... Could it be that until they take profits we will not see strong increases in the price of BTC?
Thank you very much :)
I have no idea what they're waiting for. I would absolutely never short BTC as the volatility is far too high for my risk appetite.
"they are not letting" I don't think this is true. BTC price will do what it wants. People trying to short it will have no effect on price. This is a very unpopular opinion, but there is some solid evidence behind it. There is a very good paper which shows that even governments cannot influence the direction of a stock market, dbc.wroc.pl/Content/39088/PDF/Bielinski_Do_Government_Interventions_Affect_Chinas_Stock_2017.pdf
Price can fall under its own weight from profit taking and lack of buyers, not necessarily short positions. Familiarize yourself with the anchored vwap tool, pull it from pivot highs or lows, or anywhere you like, say beginning of a year, or week, and what it will tell you is whether the majority of trades placed from that point are in profit or at a loss.
At this present moment in time, from the ATH on coinbase, the anchored vwap sits directly on top of the 21 day ema at 65.3k ish, so both are being tested, and from that you can conclude that most people who have opened a short from or after the ATH are underwater. It doesn't mean that people who shorted at the exact ATH did not take profits, whether full or partial. They may also take a short as a hedge to protect themselves from a potential collapse in price and have long positions from many different price points.
It's a complex game, and hedging is a good strategy, take partial profits on your short as price falls and use a stop loss above the high equal to or less than your profit from the short, so you won't take a loss if you get stopped out, and are protecting your profits from your long positions if price continues to fall.
@@Timmy51mI wish I had the time to understand how half of what you've just said works!😭
Much less put it onto practice
@@chartphred1Most people say that to begin with. If you really want to do something, you find time, 10 or 20 mins a day is enough to learn a lot of useful skills in a lifetime, watch a youtube video or whatever while you grab breakfast or lunch, works for me.
If you're curious enough to get into trading or investing, the markets are not going anywhere, you have time.
Bottom line, whatever you do with your money you have to own those decisions, otherwise people do what Lara is ranting about, they look to blame someone else when it goes wrong, so take the time to understand what you're getting yourself into.
Most people should probably just go see a financial advisor, get their appetite for risk assessed, and start a pension, because trading is where 90% of people lose money, pretty bad odds.
I heard your explanation on why most probably it's not the 5th wave, but I'm really uncertain, xrp tends to go when it's time, an extended 5th to 1 dollar would induce tons of buying, just to correct to the upper 60s
because triangles to not occur in a second wave position
I'll chart it next video so you can see what I mean
Don't edit it out...its real, and something people need to hear.
Great vid👌
thank you very much 🤟🏻
🌹🌹🌹🌹🌹
🌼
Great rant but, why not just skip ship coins like XRP altogether, buy BTC only and HODL? DCA or use this analysis to help time your larger buys. Eventually (long term, more than a year from now) it may come in handy for life changing selling. But if you HODL BTC your risk of loss is essentially zero and I don't think you can do better than that!
🙏❤🇬🇧
❤️🇬🇧
❤rant❤
❤️❤️
Love ur analysis ❤❤❤❤