nomadic_m
11-13
The current market sentiment has reached EXTREME GREED levels, indicating excessive optimism. Key indicators include: Crypto Fear & Greed Index, elevated Bitcoin Futures Premium, high trading volume, and overwhelmingly bullish social media sentiment. This combination suggests a correction is already here. To mitigate risk, consider taking partial profits and rebalancing your portfolio. Overbought conditions, elevated futures premium, and high trading volume support this decision.

To re-enter the market, wait for a pullback to support levels (e.g., 50-day MA) and monitor for a shift towards Fear or Neutral sentiment. Maintain a diversified portfolio, set stop-losses, and stay informed to adapt to changing market conditions. Remember, extreme greed often precedes a correction. Secure profits now and prepare to buy again later at more favorable levels. Stay vigilant, stay profitable.

$Coinbase Global, Inc.(COIN)$
$MicroStrategy(MSTR)$
$CleanSpark, Inc.(CLSK)$

Will Bitcoin Hit $100,000 This Week?
Bitcoin hits another all time high and nears the 100k target. ----------- How much have you gained from this BTC wave? When will you begin to take profit?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Happiness.
    11-15
    Happiness.
    Meaningful post. 🫶🏼🫶🏼
    Hey, do you invest in any smart shares fund of Nz?
    • Happiness.Replynomadic_m: 
      I have business accountant so far. I can refer to you. They might do property too. Do you want??
      If you invest international stock not Nz or Aus over 50k nzd, You will have to pay FIF tax. can get it done by Sharesight.
    • nomadic_mReplyHappiness.: 
      I'm looking for a property tax accountant. do you have any recommendation?

      for shares, I don't know much about taxation yet. I'm still newbie 🐣🐥

    • Happiness.Replynomadic_m: 
      Smartshares having funds tracking S&P and Large US cap, Bitcoin and Small Cap too. I am considering to invest more in there so no tax income cost.


      Do you have to pay FIF tax? Do you have an accountant :)?
    • nomadic_mReplyHappiness.: 
      hhhmmm didn't realize about lower transaction fee for auto invest for sharesies, have to check it out

      diversification is good. if u have the means then invest in NZ too

    • Happiness.Replynomadic_m: 
      I use auto invest cheaper transaction cost. But their management fund is what i concerned. Good thing is nz doesnt have capital gain tax. I use that benefit for smartshares funds. But I am not sure I should just invest in Us. Because the profit is so much more attractive 🥹🥹🥹
  • nomadic_m
    11-15
    nomadic_m
    yes pls refer

    thanks for info on smartshares. I've never given much thought about investing in NZ, let alone taxes haha. good to know about sharesight

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