1Sem.·

BTC buy signal

If there's one thing I've learned with Bitcoin, it's that you have to take advantage of opportunities.

BTC usually moves in extended consolidations and then rises or falls explosively to new levels.


At the moment, a number of indicators point to a blow-off phase for BTC. This is why I have swapped the BTC ETC in my individual 3xGTAA portfolio for a 2x leveraged factor certificate on BTC.

This is not possible in the Wikifolio because I only wanted to trade ETFs and ETCs there.


The Epi can also be offensive.

😬

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03.07
MOR
Acheté x758 à 15,62 €
11 839,96 €
27
12 Commentaires

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The "greed" sentiment also speaks in favor of a breakout.
With "extreme greed" you can become more cautious, but even that can persist for weeks if we enter a blowoff phase.

In addition, there is a lot of bullish news, as expected in this market phase, which continues to build sentiment:
Blackrock, for example, is now generating more profit with its Bitcoin ETF than with its flagship S&P 500 ETF 🤯

I'm ready 🚀
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That you use the word "hopefully" for once....😁
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1Sem.
@Dividendenopi Just deleted it again. Before I read your comment. You're right, of course, it didn't fit somehow. 😅
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@Epi I'm just thinking about liquidating one of the months-long sideways runners in my trading portfolio and bluntly following your trade...🤔 but first I have to harvest a few cucumbers, I'll think about it 🤓
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@Dividendenopi take part in a round for fun
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1Sem.
@Dividendenopi Whether you harvest or follow my grotto timing, the result should be similar: Cucumbers in a basket. 😅
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@Epi The cucumbers told me to put your old certificate in my basket. Well, I've just done that. 700 units for 15.64. My first investment ever that has anything to do with Bitcoin. 😇 Let's get ready to rumble
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1Sem.
@Dividendenopi Oh dear! The supreme discipline right away: crypto derivatives?
I hope you have a good exit plan with SL, price targets, etc.
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@Epi Anyone can play small 😂🙈🤷‍♂️. Yep, there are rules for my play money too
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I will hold my "stacks" (0.05x Btc) bluntly. I've been holding for less than a year anyway. As I have probably bought less than 60k on average, there would be the additional risk factor of paying tax unnecessarily when selling.
I'm not buying at the moment, but this is for personal reasons, as Bitcoin is not my core strategy and my finances need to consolidate after moving house and a loan for a friend (really unpleasant), higher rent, new furniture, etc.

I'm still suspicious of Bitcoin for buy and hold. I have a small stack for being in it, but such a momentum approach is actually great risk management with Bitcoin 😅 at least prevents you from falling into the falling knife if Bitcoin should die away completely.
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1Sem.
@SchlaubiSchlumpf I agree with you, I can't really recognize Bitcoin's intrinsic value either, but I respect its momentum. In this respect, I try to avoid the drawdowns as much as possible and take at least some of the upward phases with me. If that works, I'm happy. So far, the timing has worked quite well, but my position management could be even better. 👍
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oh no I don't get my salary until the 15th 🥺
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