Crypto Chartbook – Portfolio Reload, Step Up To The Plate

Portfolio reload, step up to the plate

When the universe aligns, or better said, when many edges speak in favor for a trading entry, it´s time to take action. Unfortunately, this is easier said than done. As contrarians, these times are often, or should we say best, when others are in disagreement. It is not uncommon that one might have tried once or twice before to get a stab at the market, so it takes courage to increase size and be aggressive at a time when emotions guide otherwise. This was no different on the last significant turning point in the crypto space. We had given entries a chance prior to finally catching it right, as well. Luckily our quad strategy prevents us from experiencing large losses, but it is still difficult for the amateur and professional alike to do the only right thing here: Portfolio reload, step up to the plate.

Nevertheless, discipline was warranted on the 25th to aggressively participate in the market. Stars had aligned, or rather, the charts had...

 Weekly chart, BTC/USDT, November 28th 2019, “time to act”:

(Click on image to enlarge)

Bitcoin in TetherUS, weekly chart as of October 28th 2019, Portfolio reload, step up to the plate

Bitcoin in TetherUS, weekly chart as of October 28th 2019

On the weekly chart, edges show clearly an oversold market penetrating a low-risk entry zone. As such, we not only took a position in bitcoin itself but also in EOS-XVET-XXMR-XNEBL-XVIB-XIOT-XXZC-X and NAS-X. We posted all entries in real-time in our telegram channel.

Portfolio reload-step up to the plate, BTC/USDT, daily chart, November 28th 2019, “courage pays”:

(Click on image to enlarge)

Bitcoin in TetherUS, dailly chart as of October 28th 2019

Bitcoin in TetherUS, dailly chart as of October 28th 2019

With a timely entry near the lows at US$6,638.10, we were able to exit half of our position (see our quad strategy) at substantial profits at US$7,293.50. Beta positions like NEBL and VIB of our portfolio reloads had runner profits locked in of 55.5% and 44.3%.

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Disclosure: None.

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