Crypto Chartbook – Portfolio reload, step up to the plate


When the universe aligns or better said many edges speak in favor for
a trading entry, it´s time to take action. 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 do the only right thing here: 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 US$6,638.10, we were able to exit half of our position (see our quad strategy) at substantial profits at US$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 US$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 US$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
chart-book bitcoin has already advanced from its lows US$6,515 to as
high as US$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.

All charts timely posted in our telegram channel.

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