Wednesday, June 16, 2021

Daily Portfolio Update

Portfolio update on a daily basis.

BTCUSD @ 40.033,19 (BTCUSD Daily Chart)
Trend: neutral & uptrending; S/D-S/R: 34.802,24-40.854,81 and 8 day EMA support (direct dynamic support may be found at the 50 week SMA & 8 month EMA); JCS/SS/8EMA: double bottom May-June & bullish reversal hammer 08-06 & bullish trend channel/overbought/+; bullish trigger signs.

ETHUSD @ 2.522,41 (ETHUSD Daily Chart)
Trend: bullish & uptrending; S/D-S/R: 1.736,21-2.900 and 8 day EMA support (direct dynamic support may be found at the 100 day SMA & 20 week SMA & 8 month EMA); JCS/SS/8EMA: bearish breakout rising wedge/neutral/+; bullish trigger signs.

SQ @ 227,75 (SQ Daily Chart).
Trend: bullish & uptrending; S/D-S/R: 209,80-241,70 and 8 day EMA support (direct dynamic support may be found at the 200 day SMA & 50 week SMA); JCS/SS/8EMA: double bottom March-May & bullish trend channel/overbought/+; bullish trigger signs.

TSLA @ 599,36 (TSLA Daily Chart).
Trend: bullish & uptrending; S/D-S/R: 546,98-635,59 and 8 day EMA support (direct dynamic support may be found at 200 day SMA & 50 week SMA); JCS/SS/8EMA: double bottom March-May & bullish trend channel/neutral/+; 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 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 Q4-2022/Q1-2023. 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.

Tuesday, June 8, 2021

Cryptocurrencies

My personal targets this market cycle for the cryptocurrencies I own are as follows.

ADA ($ 10), BTC ($ 350.000), DOT ($ 300), ETH ($ 25.000) and XLM ($ 4).

Crazy, right? Would be great if some of these targets would hit in 2021. Or if you believe in lengthening cycles and diminishing returns somewhere at the end 2022 or in the beginning of 2023.

If not, no problem, I'm not in a hurry. There is always the next cycle.

Let's see where we go this time around. Whatever happens it will be a hell of a ride.

Important. Investing in crypto is extremely risky. Therefore don't invest what you can't afford to lose. As a consequence I'm prepared for my investments in crypto to be reduced to zero.

Don't hang your hat on this kind of speculation. It will probably be wrong. 

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