Wednesday, January 26, 2022

Daily Portfolio Update

Portfolio update on a daily basis.

BTCUSD @ 37.633,67 (BTCUSD Daily Chart)

Trend: bearish & downtrending; S/D-S/R: 29.320,09-44.442.67 and 8 day EMA resistance (trend important dynamic support may be found at the 100 week SMA & 20 month SMA); JCS/SS/8EMA: bearish reversal harami 09-11 (potential bullish reversal hammer 24-01) & bearish trend channel/neutral/-; holding BTC and GBTC (fully invested by now).

ETHUSD @ 2.489,91 (ETHUSD Daily Chart)

Trend: bearish & downtrending; S/D-S/R: 1.720,11-3.415.58 and 8 day EMA resistance (trend important dynamic support may be found at the 200 week SMA & 20 month SMA); JCS/SS/8EMA: bearish reversal harami 09-11 (potential bullish reversal hammer 24-01) & bearish trend channel/neutral/-; holding ETH and ETHE (fully invested by now).

SQ @ 115,30 (SQ Daily Chart).

Trend: bearish & downtrending; S/D-S/R: 100-152,70 and 8 day EMA resistance (trend important dynamic support may be found at 200 week SMA & 50 month SMA); JCS/SS/8EMA: bearish reversal doji 26-10 (potential bullish reversal hammer 24-01) & bearish trend channel/severely oversold/-; holding SQ.

TSLA @ 918,40 (TSLA Daily Chart).

Trend: neutral & downtrending; S/D-S/R: 980-1.115,60 and 8 day EMA resistance (trend important dynamic support may be found at the 20 week SMA & 8 month EMA); JCS/SS/8EMA: bearish reversal harami 04-01 (potential bullish reversal hammer 24-01) & bearish trend channel/oversold/-; holding TSLA (sold a small portion near $ 1.100; looking to buy back at lower prices (825-1.050); partly (60%) 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.