XRP ‼️ IT IS STARTING!

Key Concepts

Portfolio Growth: Discusses significant gains in a personal investment portfolio, highlighting the journey from small beginnings to substantial wealth.
Trading Strategies: Mentions buying and selling various assets, including cryptocurrencies like XRP and Ethereum, and traditional market instruments like SPY calls.
Technical Analysis: Employs concepts like double bottoms, EMAs (Exponential Moving Averages), resistance levels, and candlestick patterns (Doji) to predict market movements.
Risk Management: Emphasizes the importance of taking risk off when certain technical indicators suggest a downturn and the strategy of "derisking."
Market Sentiment: Analyzes potential market movements based on factors like political agreements (government shutdown), Federal Reserve rate cuts, and overall market trends.
Community and Education: Promotes a Discord community for traders, offering discounts on memberships, webinars, and a platform for sharing wins and strategies.
Long-Term Investment Goals: Outlines a goal of turning a $2 million portfolio into $10 million within 5-10 years.

Portfolio Performance and Personal Journey

The speaker begins by celebrating his son, "Trade Coach," on his birthday and encourages viewers to wish him well. He notes that the day has been positive, with the market showing signs of recovery ("seeing green"). While not a "big score" day, he expresses satisfaction with the overall positive trend.

He then shares his personal portfolio's performance, stating he is up $55,000 for the day. This is contrasted with his past as a teacher, where he earned $30,000 annually, a significant amount for him at the time, and later $63,000 in his last year teaching, despite having two master's degrees and extensive experience. He reflects on the passage of time and how quickly life changes, with loved ones and friendships evolving.

The speaker emphasizes the principle that "the first thousand's the hardest thousand," and this applies to all investment amounts, from $100 to larger sums. He illustrates this by stating his current portfolio started at $2,231 and is now up $138,000, in addition to another $100,000 on a different platform, totaling $238,000 in gains over approximately 11 weeks. He aims to grow his $2 million portfolio to $10 million within 5-10 years, believing it's achievable in five.

He demonstrates the volatility of trading by showing a quick five-minute trade where he lost $400, acknowledging that one gets "used to these numbers" as they progress. He notes that despite a $55,000 gain for the day, there was a $2,000 sell-off at the end, which he is happy to accept given the overall positive outcome.

Cryptocurrency Market Analysis

XRP:

Key Observation: The speaker is closely watching XRP, noting a "double bottom" pattern, which he believes could signal a significant upward move.
Technical Indicators: He references the 13 EMA (Exponential Moving Average) and the 5 EMA. He previously set a line at 237 and was prepared to "take risk off" if the price closed below 229.
Probabilistic Approach: As a former statistics teacher, he approaches trading probabilistically. He observes that XRP has retested the 13 EMA multiple times in a downward trend but this current double bottom looks "different."
Price Targets: He anticipates XRP pushing up to 260 as resistance, which would represent a roughly 4% gain from its current level, following a recent 10% gain over the weekend.
Future Outlook: He hopes to see XRP break through resistance. He is watching for XRP to stay above the 5 EMA and ideally have the 5 EMA cross the 13 EMA this week, which would indicate a bullish reversal.

Ethereum (ETH):

Recent Trades: He mentions buying Ethereum, including leveraged Ethereum, on Friday, which has performed well.
Current Pattern: He identifies a "bearish morning shot" pattern with a Doji candlestick, indicating indecision.
Price Action: Ethereum rebounded from lows of $3,600 to highs of $4,000 (a 10% move) and is now experiencing a slight pullback.
Key Levels: He is watching for ETH to test the 13 EMA again. A close below 3750 would trigger him to "derisk." He is not worried if it stays above the 5 EMA.
Potential Catalysts: He speculates that an agreement in Washington D.C. to end the government shutdown and potential Federal Reserve rate cuts could lead to market upward movement, which could then lift cryptocurrencies. He also notes that deleveraging in the past week might lead to money flowing back into the market.

Community and Promotions

The speaker strongly advocates for joining his Discord community, highlighting its benefits:

Membership Discount: Use code "NEW" for 50% off the first month, bringing the cost to $34.99.
Annual Pass Discount: 25% off the annual pass.
Free Webinar: The second link provides access to a free, one-hour webinar on technical analysis.
Mumu Promotion: A limited-time offer for a $100 cash reward exclusive through his link, ending at the end of the month.

Community Wins and Shout-outs

The speaker acknowledges and congratulates several members of his Discord community for their trading successes:

Crystal Gold (for wins in gold)
Members who followed his SPY calls for a $500 gain.
iBeach, Billy, Kaden, Zebuline, CT, Knight, and 808 Tensei for various wins.

Conclusion and Call to Action

The speaker reiterates the importance of investing and encourages viewers to join his Discord community to learn and benefit from shared strategies. He emphasizes following the charts and letting them guide trading decisions. He concludes by urging viewers to like and subscribe to his channel and to "get out there and make some money."