Crypto 15k Portfolio Update (May 5, 2018)

Crypto 15k Portfolio – update as of May 5, 2018

First, let us review some latest charts (price forecasts wherever applicable, are for the next 2-4 weeks)

BTC – Still going strong as forecast earlier. Target: 11775. Current price: 9900. Should correct a little at the psychological resistance of 10,000 & then move up again with full speed. I won’t be exiting until the Target Price of 11,775 is hit

Bitcoin May 3 2018

BTC – The earlier chart from April 16 indicated the pressure zone and the next breakout level (9600), Now we are above that zone

Bitcoin Apr 15 2018 (2)

LTCHas topped the earlier forecast TP of 175. New target is 228 – 230 if LTC breaks above 175-180 decisively.

LTC – earlier chart from April with a target of 175 (since met)

Litecoin Apr 16 2018

ETH – Still bullish on the daily chart, though there are indications that bulls might lose a bit of steam soon. While I do expect resistances at 880, ETH could still go parabolic driven by fresh appetite. In any case, I am not selling until it reaches at least 1200..

Ethereum May 3 2018

ETH – earlier forecast from April 22 was targeting 772 (38.2% FIB) as below. Now I am looking at the 61.8% FIB (1024) & 78.6% FIB (1198) as potential targets if 880 is overcome.

Ethereum April 22 2018

XRP – Still looking bullish after that run from 45c level where I was fortunate to add. It might enter a new bull orbit if it breaks above resistance at 1.08. Planning to hold this for now, certainly not selling until it hits $2

XLM – Has had a parabolic rise from 18c to 45c , a growth of 150% in less than a month. I think it needs some pause before it can catch a further bid and run to 65c level. May be I will hold this for further gains and review if and when it hits 75c.

Now let us move on to the portfolio update (as of May 5, 2018). After 3 months of lull period, I think we have started to rock..

No changes to the portfolio in the last 4 weeks.  Status quo from April 2 maintained. I have updated the portfolio with current values as of this morning. I have also included the minimum targets for exit / next rotation of portfolio)

Crypto update May 5 2018

For the prior update (April 16), please click here

About Venkat Pulakkad

Entrepreneur, management consultant, blogger & forecaster. Founder of Flourish Research Media that provides insights on markets, trading strategies & risk management. Currently an active trader with 20+ years of experience trading Forex, Stocks & Options. Areas of interest: Trend / Swing trading, Macro-tech analysis, building trading strategies, deploying Risk Management techniques, and helping / coaching traders to become successful traders. Twitter link: https://twitter.com/Flourish_Venkat      
This entry was posted in bitcoin, charts, crypto, Economy, Forex, stocks, Uncategorized and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s