The Price of STEEM – Destination 10 Cents

We get so caught up in the day to day that sometimes I like to zoom out and look at a monthly price chart of a crypto to see what my broad guess would be for future price.

Boy I Wish I Wouldn’t Have Looked

This monthly chart of steem seen in the post.  Well, it definitely doesn’t give you the warm and fuzzies about future price action.

25 cents is a key area on the daily chart and price just bounced off it today.   It is important to hold that level because otherwise we are likely going to see 20 cents which is the most recent bottom on the monthly chart.

However, for tried and true support from the past though, we are looking at 10 cents steem.  TEN CENTS!  I really don’t want to experience that again.  I was here for it the first time and boy is that ride depressing.

Here’s hoping we see an uptick in alts, steem included.

The Sell Programs Need to End Already

I can say this, until these sell programs from some whales (not to be named) end it will be unlikely we see good price appreciation.  So many good things going on in the steem community and on the blockchain, but damn if that selling pressure just won’t let up!

You know what is UP when the Market is Down? $TWTR

The ole MO strikes again with the Twitter bird. The market gets smoked, and $TWTR rips higher. You can’t make it up folks, it happens regularly.

I have been long $TWTR a while since last earnings and still sitting green. It looks like I am going to have to be in it this earnings as well and looking for a run up. $TWTR is a no brainer IMO and I have been saying this from the early 20s and been on the platform 9 years. I am looking for this to make a VERY BULLISH move here.

Buy $TWTR.

Is Bitcoin Still in a Bear Market? Analysis and Answering Questions

Bitcoin jumped today from $11,350 to our known resistance at $12,000.

Screen Shot 2019-07-08 at 12.11.07 PM.png

Zooming out on the weekly chart, we can see price is trading above the last 3 weekly candle’s close. Bitcoin has been defiant of the bearish reversal candle we saw 2 weeks ago.

Screen Shot 2019-07-08 at 12.12.31 PM.png

As most of you know, I believe the bottom is in and bitcoin is now in a bull market. Could I be proven wrong? Of course…and I’ll be the first to admit it if I am.

In today’s video we discuss the case for the bear market continuing and lay out why I think it’s over. I also answer your questions on how I learned to trade, discuss where price my be heading next and so much more. Hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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When Not to Use an LLC for an Investment Property

That title may have thrown you for a second.  As investors a Limited Liability Corporation (LLC) is one of the best tools we can use for investment properties for both liability and tax purposes.

However, there are some scenarios when using one does not make sense.

When Not to Use an LLC for an Investment Property

1.) House Hacking, FHA Loan, etc.

If you plan on living in the home and leverage loans designed for owner occupants then you would not want to purchase in an LLC, but rather your own name.

LLC’s cannot procure certain loans, such as ones back by the Federal Housing Authority (FHA).  That loan needs to be in your own name.

If you plan to refinance out of that home and move to the next house hack, then at that point flipping it into an LLC can make sense.

2.) Low Down Payment Traditional Loans

As stated above you really can’t get the traditional homebuyer loans using an LLC, which also eliminates low down payment loans for the most part.

Putting down 20-25% will basically be standard when buying with an LLC.   If you don’t have that kind of down payment money then an LLC is probably not the right move for you.

Protection Though

So if we aren’t in a position where leveraging an LLC makes sense how can we be protected?

It’s simple – good old insurance.  It may not be perfect but it has worked for a century, just be sure you have the proper coverage.

Be sure to work through all the insurance options with your agent so nothing slips through the cracks and you and your investment is covered.

Same goes for when using an LLC, be sure to have your lawyer or accountant create it for you and structure it to your needs.

There are many variables in the real estate investing game, but in the end it is not rocket science.  Due diligence and some discipline go a long way.

 

ALL TIME is a LONG TIME $SPX $NDX $DJIA

The US Markets just closed out the week at ALL TIME Weekly Closing Highs (the Dow Jones and S&P). The Bears are out talking about unemployment ticking up and the yield curve inverting and Powell cutting rates. Well Mr. Jerome Powell has quite the decision to make in the coming weeks because that insurance rate cut is going to have to come on the back end of a YUGE JOBS Number. The jobs this morning came in RED HOT and the 50 point cut just went out the window. The 25 point cut is now on the ropes and will be a huge decision.

The perma bears just don’t understand this market and that is part of their problem. They can’t go both ways. You have to learn to go both ways! Long and strong baby! Do you go all in here? NO! You should have loaded up at the beginning up June!

I am looking for pullbacks to be bought until otherwise. The chase is on. You cannot be bearish unless you are under 2918 for starters.

Not Finding Real Estate Any Deals? 3 Ways to Find Potential Sellers

As the real estate market continues to climb and more and more investors come into the market finding deals gets a little tough.  That doesn’t mean they are not out there though!
3 Ways to Find Potential Sellers
1.) Buying Pre-Auction
Just because a home is set to be auctioned doesn’t mean that it has too.  You can look at the county auction site or even sites like auction.com (who lists a lot of properties that are being auctioned by counties) to see properties that are set to be auctioned off in a few weeks.
With a little research you can find the owner of the

Bitcoin in “Rippy Mode” $BTC $ETH $LTC

Bitcoin has been in Rippy Mode. Everyone who PANIC sold into the Bear Market is kicking themselves in the butt right now. We were accumulating crypto the ENTIRE time and was off the train in the last 14-20K move. Although the main accumulation had the major move into June, I believe this was still the rip across the bow. I am not sure that Bitcoin and crypto are going to give anyone a chance to “Get In” on this go around. I advise to buy all major pullbacks…

This uptrend is a MASSIVE BEAUTY!

Is this the one?? $GLD $GDX

Gold has broken up. For now the precious metal is leading the charge in futures. Usually this has not been the case in the past. The leader was always the more riskier asset of silver, or the gold miners. But, every time is different and usually will only rhyme. Gold and crypto are higher into the weekend and if this breakout is TRUE then we are in for a whirlwind of currency fluctuations.

The dollar is about to get smoked and the metals and crypto breakouts should explode. Sorry gold bugs, you will gain but the crypto wizards will gain

The FOMO is Real in Real Estate

Have you heard the term Fear of Missing Out (FOMO)?  It has become a common term in all types of investing in recent years and rightfully so with most markets continuing to push higher.
What is it to FOMO?
When something is appreciating continuously – whether a stock, a home or even a trading card – people get wound up and scared they are missing out on the action.  They are missing out of the chance to make some big bucks.
This leads people to chasing investments, such as overpaying for a home in a hot market because it “has to go up”

Crypto Contest June 21: Telcoin

Telcoin (HitBTC: TELETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Telcoin began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 30, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Telcoin should be heading next towards the March 30 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Telcoin connects existing mobile money platforms to the decentralized financial system of the future, beginning with a globally marketed remittance service