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J_M_RIN commented on a stock · Sep 8 08:51

Bitcoin (from a steel mentor's perspective)

Bitcoin (from a steel mentor's perspective)
The daily RSI has slightly risen from the bottom of 20, although the RSI has dropped to around 10 in the past. I also have doubts about whether Bitcoin will fall further in terms of expected value and sentiment.
Bitcoin (from a steel mentor's perspective)
The weekly RSI has reached around 30, which has been a buying area so far and is currently the state where it is holding at the 50-week moving average. I see low potential for a significant decline from here. Conversely, if there is a bounce from here, it also seems like a buying opportunity.
Bitcoin (from a steel mentor's perspective)
The monthly MACD, which I prioritize the most.
I will remain bullish until the monthly MACD forms a dead cross. It hasn't formed a dead cross yet, so I'm still bullish.
And the monthly RSI is near the value of 50, which is about to rebound. Although the period of the first half reduction and the movement of the price are slightly different, the movement of the monthly RSI adjustment from exceeding 70 to around 50 is similar.
To summarize, the daily and weekly charts are in a state where the RSI has dropped to the lower limit values ​​seen so far, which suggests that it is becoming less likely to drop further in terms of sentiment for cryptocurrencies. At this state, the monthly MACD has not yet formed a dead cross, so I have the image that there will be another wave before a dead cross occurs.
Am I the only one who thinks that the preparation for the wave that came from 2020 to 2021 is now complete?
If the stock rises from here, of course, there will be a bullish correlation with the SOXL, and TSLA, which actively holds a large amount of bitcoin, could have a positive image in terms of funding, so it could be a tailwind.
This is my current perspective ✨
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  • tena0623 : Jomorin-san, please tell me! I am not very familiar with individual stocks or even the details of bitcoin from this year, but I do have a limited understanding and holding of mining stocks. It's cleanspark.

    I asked Jomorin-san before about the percentage of stocks you hold, and my question is, "Do you have any plans to increase your shareholding of mining stocks in the future?"[undefined]I have no doubts about the future of SOXL and TSLL, but considering the current price, I also think that there is a significant correlation between the future of cleanspark and mining stocks and bitcoin, and there is a lot of potential. However, recently, it has been on a continuous decline.[undefined]It may be from the perspective of volatility, but I would appreciate if you could also share your thoughts on mining stocks and cleanspark.[undefined]

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  • J_M_RIN OP tena0623 : I think mining stocks are cheap, but I don't increase the percentage. I have already invested my funds (even though they are currently at a loss), so I will leave them as they are until it's time to sell. The reason why the percentage is lower than SOXL and TSLL is because I think there is the highest level of uncertainty, and it is more likely to have short to medium-term price movements to gain profits rather than long-term. Most people who actually trade have this kind of mindset, that's why I plan to manage my investment until February 2025 or sell it by the end of 2025.[undefined]

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  • tena0623 J_M_RIN OP : Thank you very much! As for the surge in bitcoin, it seems to rise in the short term, but then becomes very unclear.[undefined]I also find short-term trading to be very difficult, so I am studying mining stocks. I hope it can become seed money for SOXL and TSLL.[undefined]Since it is possible to buy a few pieces with a small amount of money, I occasionally buy and see. Taking Jomorin's opinions as reference, I still want to hold on to SOXL and TSLL.[undefined]I often can't help but think that I want to invest a lot, and I feel disappointed that it doesn't match everyone's investment amount. However, I will continue to steadily invest an amount that is within my means, believing that the future is still bright.[undefined]

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  • J_M_RIN OP tena0623 : I also plan to build funds through buying dips in SOXL and TSLL after 2025. So why didn't I choose only SOXL and TSLL from the beginning? It's because based on the prediction, mining stocks will have the highest returns from February 2025 until the end of the year. However, since there is uncertainty, I have allocated a small portion. But considering the potential returns when they rise, even with a small amount of capital, I can aim for a significant increase. That's why I incorporated it as a temporary investment strategy until 2024-2025.[undefined]

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  • J_M_RIN OP J_M_RIN OP : I hold Marathon Digital, Riot, and cleanspark mining stocks, but I don't know which one will stand out the most in the future due to the current situation. Marathon has a slightly higher proportion, but I am investing in Riot and cleanspark in the same proportion.[undefined]

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  • tena0623 : Thank you very much for taking the time to provide me with additional answers, Jomorin-san!!

    It's exactly the same as my investment goal, and it gave me courage.[undefined]Even though I have decided what I want to hold for the long term, I feel uncertain about the number of shares and the target amount for 2030... While there are buying opportunities at the same time, I have been looking for mining stocks that I can sell early and then allocate for long-term holding! However, I didn't expect to find a selling opportunity so soon, so your feedback was very helpful.[undefined]

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  • J_M_RIN OP tena0623 : I'm glad if it was helpful as a reference ✨ However, there is no world with a 100% win rate, so let's always think flexibly and not neglect analysis.[undefined]

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  • tena0623 J_M_RIN OP : I will take Jomolin's comments as a reference and take responsibility for my own investment! I want to make efforts to get as close to 100% win rate as possible, but I can't be stubborn, can I? It seems that the volatility is high, so it will be a stock that I will only invest a small amount in, but I will continue to pay attention and respond.[undefined]

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  • J_M_RIN OP tena0623 : It is a wonderful attitude ✨ It is not a world where every personal opinion is accepted, so one must always study and always strive for improvement.[undefined]

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  • tena0623 J_M_RIN OP : I don't want to fail, I don't want to incur losses, but I've been able to have conversations and study with various people on this app, and I've become able to prepare for declines with grip strength and endurance.[undefined]Having experienced a sudden downturn right after the start, I had to become stronger in understanding why, and I ended up learning quite a bit in a short period of time, despite not understanding even after researching, or things not turning out as expected, at a reasonable cost! Thanks to that, I still hold cash, stay in the market, and continue to buy into it. I think if I hadn't had conversations like this and strived in investing, I would have made various excuses to invest on my own, cut losses early, repeated the slight decrease of assets, and eventually withdrawn from the market... It's very much appreciated for me to be able to strive in investing while having conversations, starting with Jomorin-san.[undefined]When a reasonable decline continues, the comments also become rough, but I intend to think of it as a buying opportunity and spend time enjoying the market like this.[undefined]

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J_M_RIN
SOXL、TSLL、マイニング株で中長期でまずは資産1億目指しているものです┏○ﾍﾟｺｯ 鋼のメンタルは客観的データに基づくもの
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