Nov 29th 2019, Crypto Chartbook – Portfolio reload, step up to the plate

Portfolio reload, step up to the plate

When the universe aligns or better said 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 as well had given entries a chance prior to finally catching it right. Luckily our quad strategy prevents 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 warranted on the 25th of this month to aggressively participate in the market. Stars had aligned or better said charts had.

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

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, VET, XMR, NEBL, VIB, IOTA, XZC and NAS. 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”:

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%.

11/28/2019, BTC/USDT, 240 minute chart, “reentry zone”:

Bitcoin in TetherUS, 240 min chart as of October 28th 2019

Bitcoin in TetherUS, 240 min chart as of October 28th 2019

This four-hour chart shows clearly that the US$7,100 zone and below would allow for reentries. Should prices revisit this support zone it would again allow for the market participant to risk capital at a low risk entry zone.



BTC/USDT, 60 minute chart, November 28th 2019, “inverse head and shoulders”:

Bitcoin in TetherUS, 60 min chart as of October 28th 2019

Bitcoin in TetherUS, 60 min chart as of October 28th 2019

One can especially well identify on the lower 60-minute time frame how the reversal came about with an inverse head and shoulder formation. The US$6,900 supply and demand zone is clearly visible in case we retrace with volatility.

Reentries aren’t a guarantee though. At the time of writing this chart-book bitcoin has already advanced from its lows US$6,515 to as high as US$7,850, a 20.5% price increase.

Portfolio reload-step up to the plate

It is especially important to not be timid in volatile markets like the crypto market. This because widely drawn out double bottoms aren’t the typical reversal configuration. Stepping up to the plate is necessary when technical analysis edges are stacked. The trader who is used to slower markets often waits in vain for a second chance opportunity while prices move already quickly away from the market player for a low risk entry participation.

All charts timely posted in our telegram channel.

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About the Author:

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.


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