Tuesday, July 20, 2021

Daily Portfolio Update

Portfolio update on a daily basis.

BTCUSD @ 29.671,56 (BTCUSD Daily Chart)
Trend: bearish & downtrending; S/D-S/R: 28.908,07-34.658,46 and 8 day EMA resistance (direct dynamic support may be found at the 50 week SMA); JCS/SS/8EMA: bullish double bottom May-June (with bullish RSI divergence) & bearish reversal doji 15-06 & bearish trend channel/oversold/-; no bullish trigger signs.

ETHUSD @ 1.740,59 (ETHUSD Daily Chart)
Trend: bearish & downtrending; S/D-S/R: 1.717,91-2.408,53 and 8 day EMA resistance (direct dynamic support may be found at the 8 month EMA); JCS/SS/8EMA: bullish double bottom May-June & bearish trend channel & bearish evening star 07-07/oversold/-; no bullish trigger signs.

SQ @ 233,69 (SQ Daily Chart).
Trend: neutral & downtrending; S/D-S/R: 220,11-260,81 and 8 day EMA resistance (direct dynamic support may be found at the 200 day SMA & 50 week SMA); JCS/SS/8EMA: double bottom March-May & bearish trend channel & bearish reversal doji 29-06/neutral/-; no bullish trigger signs.

TSLA @ 646,22 (TSLA Daily Chart).
Trend: neutral & downtrending; S/D-S/R: 571,22-780,79 and 8 day EMA resistance (direct dynamic support may be found at 200 day SMA & 50 week SMA); JCS/SS/8EMA: double bottom March-May & bearish trend channel & bearish reversal doji 02-07/neutral/-; no bullish trigger signs.

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.