Crypto Portfolio Update (Nov 5)

Though Bitcoin is still languishing below the 6500 levels, the alt-coins have finally started moving above the critical levels mentioned in the previous update (Oct 4) and thus triggered the following long positions. On Bitcoin, I am still waiting – it has to clear the 6700 level for me to get in with some conviction.

BCH – bought 5 at 520, as it jumped above the trigger level of 500 (Nov 4)

XRP – bought 5000 at 0.48 as it cleared the trigger of 47c (Nov 4)

XLM – added 5000 at 0.25 as it cleared the trigger of 24c (Nov 5)

Here is the updated status of the portfolio as of Nov 5, 2018:

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

5000 XLM @ 0.25                1,250         (Stop Loss 15c, Target: 40c)

5000 XRP @ 0.48                2,400         (Stop Loss 35c, Target: open)

5 BCH @ 520                         2,600         (Stop Loss 400, Target: open)

Cash                                         6,870         (pending BTC buy when it jumps >6700)

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

Click here for the previous update (Oct 14, 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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