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.

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

# Bitcoin $97000: Will It Hit $100K This Week?

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.

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  • Happiness.
    ·11-15
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    Meaningful post. 🫶🏼🫶🏼
    Hey, do you invest in any smart shares fund of Nz?
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    • Happiness.Replying tonomadic_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.
      11-15
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    • nomadic_mReplying toHappiness.: 
      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 🐣🐥

      11-15
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    • Happiness.Replying tonomadic_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 :)?
      11-15
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  • nomadic_m
    ·11-15
    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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