Portfolio
IRCTC looks bullishIRCTC has formed a bullish pennant pattern , Target 1720 , 1900 as mention in the chart with SL of 1370
for learning : Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important.
Apple holding the support may lead to potential breakoutPotential breakout above 325, did not break the trendline support will wait to make an entry to see if it is holding the support or will show some correction (mentioned the fibo levels in the chart)
Will update the chat , would love to hear what do you guys think about the patterns we see on the chart?
Last chance for accumulation starting now for BTCUSD and AltsAs it played out we had hit the upper pocket and then rejected back down (within the last hour).
As I have been stating in all of my ideas I think we are going for a short and sharp ride down...how far down I'm not sure but I put the bottom of the ride at 4000ish.
This is my play:
I will be dollar cost averaging (DCA) into a bigger position on all cryptocurrencies each day.
Not going to leverage trade for speculation as I will wait until we break this pennant on the weekly time frame. I might add a hedge position on a long if we break up when I am half way through my DCA but I will have to wait and see what the price gets to as I don't want to get stopped out.
The only reason I will stop DCA and just throw the rest of my capital in faster is if we do a sharp drop below 6000. If I buy below 6000 this will be a personal win (don't even care if price drops to $1000.00 as there will be huge opportunity with small position size, risky, leverage trades at these levels)
My portfolio will be aiming to buy with this additional injection of funds:
50% ETH (reason it is higher in percentage than BTC as I believe ETH is the future of transactions and has more room to grow at these current levels)
25% BTC (BTC is always going to be king)
10% XRP (purely because it is really cheap)
5% LINK (this is one of the main reasons why ETH will be the future of transactions)
10% OTHER ALTS (which I haven't finalised yet)
Contenders are (ADA, QSP, KNC, GNT, DCR, ENJ, ETN, UBT, POWR, RPL, DENT, HST(When they release their new plan))
I will be showing tracking progress of my portfolio when I start on my twitter feed as it is all getting real exciting right now.
Maintain of gain
SH Hedge portfolio? *UPDATE* Hedge Future PlanAMEX:SH This investment, while in conjunction with positive beta investments, is very useful. With this strategy, if it touches the RED line I buy more, if it touches the GREEN line I sell. If this drops, the market is Bullish and positive beta investments increase. If it increases, the market is bearish and providing insurance for the portfolio.