Saturday, October 23, 2021

Daily Portfolio Update

Portfolio update on a daily basis.

BTCUSD @ 61.083,21 (BTCUSD Daily Chart)

Trend: neutral & downtrending; S/D-S/R: 53.666,09-64.859,81/? and 8 day EMA support broken (trend important dynamic support may be found at the 50/100 day SMA & 50 week SMA & 8 month EMA); JCS/SS/8EMA: bullish triple double bottom May-June-July & bullish reversal engulfing 22-09 & bullish trend channel /neutral/-; holding BTC and GBTC (fully invested by now).

ETHUSD @ 4.022,90 (ETHUSD Daily Chart)

Trend: bullish & uptrending; S/D-S/R: 3.374,50-4.026,86/? and 8 day EMA support (trend important dynamic support may be found at the 50/100 day SMA & 8 month EMA); JCS/SS/8EMA: bullish triple bottom May-June-July & bullish reversal engulfing 22-09 & bullish trend channel/neutral/+; holding ETH and ETHE (fully invested by now).

SQ @ 253,06 (SQ Daily Chart).

Trend: bullish & uptrending; S/D-S/R: 225,28-268,17 and 8 day EMA support (trend important dynamic support may be found at the 50 week SMA); JCS/SS/8EMA: bullish double bottom March-May & bullish engulfing 05-10 & bullish trend channel/overbought/+; holding SQ.

TSLA @ 909,68 (TSLA Daily Chart).

Trend: bullish & uptrending; S/D-S/R: 763,59-900,40/? and 8 day EMA support (trend important dynamic support may be found at 50/200 day SMA & 50 week SMA & 8 week EMA); JCS/SS/8EMA: bullish double bottom March-May & bullish island reversal 19-05 & bullish trend channel/overbought/+; holding TSLA (might start buying again when SS < 20).

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 week 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) production and consumption of sustainable energy; 2) internet finance (incl. cryptocurrencies & defi) - real estate - advertising; 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.