So far, the resemblance between the parabolic pattern of Silver 2006-2012 and the current parabolic pattern of Bitcoin is remarkable.
If this pattern keeps aligning, then it looks like Bitcoin is on its way to nr. 12, target $8.000-$10.000. A break above nr. 11 and the pattern becomes invalid.
This is one of the charts from the previous analysis of Bitcoin, JAN 3: Full story here: Bitcoin – Sell The $17-18k for $10k Target End Of January in which I explained that BTC could rise to $17-18k based on the parabolic patterns and then visit nr. 12 for a $8k-10k target. Scroll down for a fresh chart.
Silver 2006-2012 vs Bitcoin 2017/18
Looks like BTC is in its way to nr.12, target of $8k-10k. A break above nr. 11 and the pattern becomes invalid.
I have a small short position at eToro (short term hedge, stop loss to break even) but if I take a look at my total net position, then I’m still overweight long cryptos (ETH, BTC, LTC, ETN, PRG are my 5 main positions, total 7% of assets).
Long term, I would like to add BTC between $6k-10k and invest 20% of assets in cryptos again.
Start JAN 3 – Investment 0.01 BTC ($150), Withdrawals: $ 0.006 BTC ($90, after fees) since 8 days.
I’m close to the 3rd withdrawal limit of 0.003 BTC (after fees) bringing my investment close to break even: a free lunch for the days to come!
Scam/Ponzi or not, as long as I’m able to withdraw BTC, I”l play along.
Total Portfolio Strategy 2018
If you want to read more about my Total Investment Strategy, then please read this update first: 2017 Performance and Total Portfolio.
Or read my latest update on the US Markets: Dow Jones Industrial, Party Like It’s 1987!
This is what I will do over the next couple of weeks/months:
- I will add monthly to a mutual fund (worldwide stocks), as I expect stocks to skyrocket into the year 2030, peak of flight to private assets;
- I will add 2% of my assets to buy put spreads AEX Dec 2018, as a hedge for my equity exposure, medium term trade (12-24 months, 2018-2019);
- I will add 7% of my assets to to my 2018-2019 eToro hedge strategy: – Hedge US Stock Market for a 20%-40% crash
- I will contribute small amounts to interesting ICO’s and tokens that pay out a periodic cash flow;
- I decreased my crypto exposure from 20% of total assets to 4% of total assets;
- I will add to my short sovereign bond strategy (rising interest rates) when rates come down a bit into 2018 or if they break key resistance to the upside.
Crypto Rating Desk and our ICO Portfolio of 100
ps. I started a new project, for and by my international students.
We analyze upcoming ICO’s and when we see a project that we like, we contribute. Our latest contribution is LHCrypto, a token that pays out a monthly cash flow, has a working business model and is active in a growth market.
We now have 15 contributions, and our goal is to build a portfolio of 100 tokens that generates a periodic cash flow (Portfolio of 100).
Feel free to follow our ideas: CryptoRatingDesk.com
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