Crypto Portfolio Update (Oct 14, 2018)

No change to the portfolio since the previous update (it is a big feat that I have managed to avoid the temptations to buy, for more than 2 months now!). I am still hesitant to buy any of my favorites as the signals are still unclear. The other reason is that Bitcoin volatility has died down quite a bit in the last few weeks and so it may make sense to buy it on strength rather than trying to pick a bottom. So here it is:

BTC: Tech indicators currently appear neutral. The 50 DMA is around 6620. Hence, will buy only if it clears the 6650 – 6700 zone.

BCH: Watching the price closely. Will be buying if it jumps above 500.

XRP: Will buy if it clears the Keltner resistance at 0.47. And will possibly add more if it clears the 200 DMA (currently 52c) with aplomb.

XLM: This is the only token that currently exists in my portfolio. The Stop for the current position is 15c. I would certainly like to add more XLM but only if it clears 24c.

Portfolio status as of Oct 14, 2018: 

5000 XLM @ 0.20                1,000         (Stop Loss 15c. Target: 40C)

Cash                                        13,120

TOTAL                                    14,120          (Original investment was $15,000 in Jan 2018)

Click here for the previous update (Sep 15, 2018)

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      
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