Friday, September 24, 2021

Daily Portfolio Update

Portfolio update on a daily basis.

BTCUSD @ 42.492,27 (BTCUSD Daily Chart)

Trend: bearish & downtrending; S/D-S/R: 39.767,17-48.808 and 8 day EMA resistance (trend important dynamic support may be found at the 50 week SMA & 8 month EMA); JCS/SS/8EMA: bullish triple double bottom May-June-July & potential bullish reversal engulfing 22-09 & bearish trend channel/neutral/-; holding BTC and GBTC (might start buying again when SS < 20).

ETHUSD @ 2.908,60 (ETHUSD Daily Chart)

Trend: neutral & downtrending; S/D-S/R: 2.677,64-3.673,80 and 8 day EMA resistance (trend important dynamic support may be found at the 8 month EMA); JCS/SS/8EMA: bullish triple bottom May-June-July & potential bullish reversal engulfing 22-09 & bearish trend channel/neutral/-; holding ETH and ETHE (might start buying again when SS < 20).

SQ @ 262,50 (SQ Daily Chart).

Trend: bullish & uptrending; S/D-S/R: 237,91-276,14 and 8 day EMA support (trend important dynamic support may be found at the 200 day SMA & 50 week SMA); JCS/SS/8EMA: bullish double bottom March-May & potential bullish reversal hammer 13-09 & bearish trend channel/neutral/+; holding SQ.

TSLA @ 774,39 (TSLA Daily Chart).

Trend: bullish & uptrending; S/D-S/R: 648,84-780,79 and 8 day EMA support (trend important dynamic support may be found at 50/200 day SMA & 50 week SMA); JCS/SS/8EMA: bullish double bottom March-May & bullish island reversal 19-05 & bullish trend channel/neutral/+; holding TSLA.

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 2022-2023. 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.