Saturday, November 27, 2021

Daily Portfolio Update

Portfolio update on a daily basis.

BTCUSD @ 54.817,93 (BTCUSD Daily Chart)

Trend: neutral & downtrending; S/D-S/R: 53.465,93-59.437,04 and 8 day EMA resistance (trend important dynamic support may be found at the 100 day SMA & 50 week SMA & 8 month EMA); JCS/SS/8EMA: bullish triple double bottom May-June-July & bearish reversal doji 09-11 & bearish trend channel & bullish divergence/oversold/-; holding BTC and GBTC (fully invested by now). Strong level of support (during this correction) can be found close to 53.000.

ETHUSD @ 4.124,69 (ETHUSD Daily Chart)

Trend: bullish & uptrending; S/D-S/R: 3.960,96-4.865,94 and 8 day EMA resistance (trend important dynamic support may be found at the 100 day SMA & 50 week SMA & 8 month EMA); JCS/SS/8EMA: bullish triple bottom May-June-July & bearish reversal doji 09-11 & bearish trend channel/neutral/-; holding ETH and ETHE (fully invested by now). Strong level of support (during this correction) can be found close to 3.900.

SQ @ 212,08 (SQ Daily Chart).

Trend: bearish & downtrending; S/D-S/R: 192,29-241,50 and 8 day EMA resistance (trend important dynamic support may be found at ?); JCS/SS/8EMA: bullish double bottom March-May & bearish reversal doji 28-10 & bearish trend channel & bullish divergence/oversold/-; holding SQ.

TSLA @ 1.081,92 (TSLA Daily Chart).

Trend: neutral & downtrending; S/D-S/R: 978,60-1.243,49 and 8 day EMA support broken (trend important dynamic support may be found at 50/200 day SMA & 50 week SMA & 8 month EMA); JCS/SS/8EMA: bullish double bottom March-May & potential bullish reversal doji 15-11 & bearish trend channel broken/neutral/-; holding TSLA (sold a small portion near $ 1.100; looking to buy back at lower prices (825-1.050); partly (50%) did).

Trend is defined by the position of price vis-a-vis the 8 day EMA and 200 day SMA. Trendiness is defined by position of price vis-a-vis the 8 day EMA.

S/D-S/R abbreviates static and dynamic support/resistance levels.

JCS/SS/8EMA means Japanese candlestick analysis, slow stochastics readings and price vis-a-vis the 8 day EMA respectively. This combination of parameters is especially looking for reversal candles from overbought & oversold conditions followed by a 8 day EMA cross.

EMA and SMA stand for exponential and simple moving average respectively.

I like stocks from innovative and vertically integrated (exponential) growth companies in the fields of 1) electric transportation and production of sustainable energy; 2) internet finance (incl. cryptocurrencies & defi); 3) genetics and 4) artificial intelligence - machine learning - deep learning - robotics. The innovation needs to be understandable, sympathetic, disruptive, scalable and have a moat.

My portfolio consists momentarily out of ETHE, GBTC, SQ, TSLA and an array of cryptocurrencies. The expected holding period for SQ, TSLA and a core position in BTC is until 2030. For everything else related to cryptocurrencies the expected holding period is until 2021-2022. To existing positions I might add from time to time on a dca or pullback basis.

This is not investment advice. Do your own research. Please also read the disclaimer at the bottom of the blog.