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Bitcoin hit it's 200W SMA...is the bottom in?
The day I've been waiting for since the bear market started last year finally happened, BTC hit its 200W SMA. Every past bear market has found its bottom when price touched this red line. So are we in the clear? My honest take: no. I think we test $60K this month, and possibly drop as low as $55K. Here's how I see the range playing out between now and October: Worst case: $40K–$50K Best case: $55K–$60K Some analysts are calling for as low as $40K in October. That's not my base case, but my personal buying window is currently between $55K and ~$62K (the 200W SMA). MSTE — My Tranche Strategy (Not Financial Advice) I've been buying in tranches, and I never add to a tranche once it's hit my allocated budget, I am using new capital not distribution to buy tranches - for distributions, I keep buying MSTE until I am above my avg price per share: Each tranches $ invested amount is larger and larger, my $4 tranche has far less invested then my recent $2.75, so my avg price per share is quite low now. and REMEBER THIS IS NOT FINANCIAL ADVICE, DO NOT, I REPEAT, DO NOT COPY ANYTHING I AM DOING! I am investing into the highest risk asset right now, the only asset losing money while everything else is booming, so DO NOT COPY TRADE THIS, this all could be a horrible investment! Now, here's what I've been up to: $4.00 — Complete $3.75 — Complete $3.50 — Complete $3.25 — Complete $3.00 — Complete $2.75 — Complete $2.50 — Waiting (~75% chance) $2.25 — Waiting (~50% chance) $2.00 — Waiting (~30% chance) In short, this is going to be a rough June, possibly slight recovery into Summer, then a possible crash in October. Or a massive crash this month, maybe going into July and then a slow recovery begins. In the end who knows, all I know is BTC finally hit the red line, so we are within 10-20% of the bottom in a best case scenario.
Bitcoin hit it's 200W SMA...is the bottom in?
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I Appreciate the Direct Messages! 😊
Hi Everyone! I truly appreciate all the messages and questions coming in, they mean a lot! With the new baby on the way, my schedule is a little full right now (and it's going to get crazier once the baby is born), so please bear with me if my replies are slower than usual. I am reading everything, so know that your message isn't going unnoticed , it just might take me a bit to get back to you, especially for more detailed questions. Thanks so much for your patience and continued support. It genuinely means the world! 🙏
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🛡️ IMPORTANT: WATCH OUT FOR SCAMMERS Stay alert, everyone! I’ve been notified that scammers are creating temporary accounts (often only a day old) to impersonate me and message users directly. To keep your information and your money safe, please remember: - I will NEVER message you first. I only respond to messages you initiate. - Check the @ Handle. Always verify that the handle matches my official account before responding. - No Sales, No Secrets. I will never try to sell you anything or ask for your personal information. If you receive a suspicious message, please report and block the account immediately. Let's keep this community safe! My Income Focused Portfolio: https://my1mportfolio.com/ 1) See Attached PDFs 2) Investment Profit Calculator: https://www.calculator.net/investment-calculator.html 3) ETF Research Tool (Check Fund Overlap): https://www.etfrc.com/funds/overlap.php 4) ETF Comparison Charting: https://stockanalysis.com/ 5) Back Test ETF's and Stocks: https://www.portfoliovisualizer.com/backtest-portfolio 6) Calculate ACB: https://www.adjustedcostbase.ca/ 7) Stock Charts and more: https://www.tradingview.com/ 7) Undervalued Dividend Stocks: https://www.iqtrends.com/ Special Thanks To Our Partners Who Help Make The Free Educational Content On The Youtube Channel Possible: Hamilton ETFs: https://hamiltonetfs.com/ Quantify Funds: https://quantifyfunds.com/ TappAlpha Funds: https://www.tappalphafunds.com/
Interviewing NinePoint for $1M Club - ECHI and TKN
I am talking to them primarily about: ECHI — Ninepoint Enhanced Canadian HighShares ETF TKN — Ninepoint Crypto & AI Leaders ETF Please leave any questions you have below, or questions for any other funds you are interested in, and I will ask them if their legal teams allow it
Dividend Investor: Now CC Income Investor
I'm a believer of, if I invest into a company, what do I get out of it? Dividend investor sees anything over 10% yield as high risk of a cut or share split if it keeps going up. The 5% yield mark was key. When I started investing back in April 2020, Covid Times and had lots of time on my hands. Friend said I should check out stock market and I did. I started researching into companies, how to invest, started at looking which Broker to go with (BMO Investor-line) and once that was setup, I funded the TFSA account slowly. Cash Savings transferred to Investing. I already had a few companies picked out by the time account opened, that I wanted to invest in. Also at this time, lot of things were happening and some actions hadn't come into play. Growth wasn't my thing, dividends were for I knew in my future I'll be needing income for retirement. Very first trade Cenovus @ $4.43 110 shares. Than came in others, BMO, BNS, TNT.UN, CHE.UN, HR.UN, EIF, BPY.UN, CHR, CPX than others over time. Than the learning curve came into effect. Dividend Cuts and Stops. Learning about DRIP (if you were short 1penny, it didn't happen) and how to factor in the trading fee to off set cost. So my buys were to me at the time, big. $9.95 fee killed any small trades. 2023 I switched over to Wealthsimple for they now got DRIP going and I moved everything over to them from the TFSA account. DRIP was total amount going into holding, fractional shares = Full Snowball effect was easy to see. But over this time, company takeover - buyout, going private, dividend increases, dividend cuts, dividend no more, stock splits (bad ones and good ones) yep hitting my yearly growth income. Can't forget the good old kicker, delisted. That is called, learning = knowledge. Why when I see a holding was worth $100 or $1400 years back but only a few dollars today, I ask why and I dig in, why the down fall. I see splits in its history, I move on, but if its just a crash, is it worth it? Bought into the local brewery, felt great walking in there to buy beer, I'm a shareholder receiving dividend but short lived for Carlsberg bought them out. All shareholders received cash for their shares.
Dividend Investor: Now CC Income Investor
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