ππ₯π Congratulations derickt! πππΎ
Your position in BITO demonstrates astute decision-making and exemplary timing. Leveraging the dividend to offset costs while the ETF regained traction exemplifies a sophisticated approach to maximising value, even from a modest holding.
Reflecting on my earlier chart analysis, BITOβs recovery from oversold conditions was underscored by pivotal events such as the FTX bankruptcy bottom and Binanceβs intervention, which catalysed a reversal from prolonged bearish consolidation. The ETFβs subsequent ascent beyond resistance and into bullish territory reaffirmed its structural resilience, a trend you capitalised on with exceptional precision.
Your ability to identify the ETFβs reaccumulation phase and act decisively underscores a profound understanding of market dynamics and asymmetric risk-reward strategies. Even with a single share, this trade highlights the power of recognising latent potential where others may vacillate.
BITO now stands as a compelling case study in the confluence of technical acumen and macroeconomic foresight. Superb execution, Derick! π°π°π°πππ
Happy trading aheadβ£οΈ Cheers BC π°πππππ
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