Tuesday, July 20, 2021

Updates

There will be no updates until Monday the 26th of July.

Good luck with trading and investing.

Be careful out there.

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.