Wednesday, May 18, 2022

Daily Portfolio Update

BTCUSD @ 29.764,63 (BTCUSD Daily Chart)

Trend: bearish+ & downtrending; S/D-S/R: 25.835,61-40.004,37 (trend important dynamic support may be found at the 200 week SMA & 50 month SMA); JCS/SSO/BL: bearish reversal shooting star 28-03 (potential bullish reversal doji 12-05) & bearish trend channel/neutral/-; holding BTC and GBTC (still in accumulation mode).

ETHUSD @ 2.024,87 (ETHUSD Daily Chart)

Trend: bearish & downtrending; S/D-S/R: 1.713,99-2.967,75 (trend important dynamic support may be found at the 100/200 week SMA & 50 month SMA); JCS/SSO/BL: bearish reversal doji 04-04 (potential bullish reversal doji 12-05) & bearish trend channel/neutral/-; holding ETH and ETHE (fully invested by now).

SQ @ 84,79 (SQ Daily Chart).

Trend: bearish & downtrending; S/D-S/R: 65,10-110,44 (trend important dynamic support may be found at the n.a.); JCS/SSO/BL: bearish reversal engulfing 30-03 & bearish trend channel/neutral/+; holding SQ.

TSLA @ 761,61 (TSLA Daily Chart).

Trend: bearish & downtrending; S/D-S/R: 680-955,50 (trend important dynamic support may be found at the 20 month EMA); JCS/SSO/BL: bearish reversal harami 05-04 & bearish trend channel/neutral/-; holding TSLA (still in accumulation mode).

Trend is defined by the position of price vis-a-vis the Ichimoku Cloud (and it's color). Trendiness is defined by position of conversion line vis-a-vis the base line.

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

JCS/SSO/BL means Japanese candlestick analysis, slow stochastic oscillator readings and price vis-a-vis the 8 day EMA. This combination of parameters is especially looking for reversal candles from overbought & oversold conditions followed by a base line 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. 

These personal picks are, at the present time, not exactly flavor of the month. However in the long term I believe these investments and the underlying technology will survive this macro bear market.

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