Building positions-arriving at target loaded

December 14, 2019

December markets are tricky. With the closing of the year come rollovers in futures markets, tax considerations, hedge fund portfolio allocations due to accountability and much more. Markets are a reflection of human behavior and the holidays are challenging to many. From family reunions to financial responsibilities. A whole lot of psychology influencing factors are bundled into a small increment of time. Consequently idiosyncrasies get mirrored onto the market and its behavior. It is not unusual that this time of uncertainty results into strong moves right after New Years. As contrarians we rather partake anticipatory in the market versus reactionary late actions. One such way of participating in this specific time of the year is building positions-arriving at target loaded.

 

Bitcoin has one historical trading attribute, to be able to take off very quickly. This requires extra attention. Larger time frame turning points don’t want to be missed.

 

 Monthly chart, BTC/USDT, December 8th 2019, “caught the recent lows just right”:

 

Bitcoin in TetherUS, daily chart as of December 8th 2019

 

We were able to catch recent lows on November 25th 2019 with a larger position size. We took partial profits and still carry a remainder part of the position. After that we reloaded this core position with smaller size reentries. All trade entries and exits are posted live in our telegram channel.

 

Building positions-arriving at target loaded, BTC/USDT, daily chart, December 9th 2019, “triangle building”:

 

Bitcoin in TetherUS, daily chart as of December 9th 2019

 

The market formed a triangle on the daily time frame. This usually causes a strong break in either direction.

 

BTC/USDT, daily chart, 12/12/2019, “attractive reentry points”:

 

Bitcoin in TetherUS, daily chart as of December 12th 2019

 

The fact that we broke only modestly through support points toward a likelihood of again low risk position building entry points.

 

Building positions-arriving at target loaded.
 

To sum up, can we break lower than the recent $6,515.00 lows? Absolutely. The importance here is not to loose focus in a slightly dreary environment. In other words there is a tendency to get easily distracted by the turmoil of the holiday preparations. Weak psychology is what the market flushes out. Once bitcoin gets in motion it is harder to catch up than diligently building a position here. We do not want to push for over trading or any other high risk participation. We would like to remind however, that extraordinary circumstances require the extra preparedness of the astute market participant.

 

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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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