Portfolio reload-step up to the plate

December 12, 2019

When the universe aligns or better said many edges speak in favor for a trading entry, time to action is called for. 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 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

 

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

 

With a timely entry near the lows at $ 6,638.10, we were able to exit half of our position (see our quad strategy) at substantial profits at $ 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

 

This four hour chart shows clearly that the $ 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

 

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 $ 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 chartbook bitcoin has already advanced from its lows $ 6,515 to as high as $ 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.

 

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All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.

 

 

 

Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.

 

 

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