NEWSLETTER #2
(March/2018)

CONTACT:
Tina@shortmetina.com
Support@shortmetina.com
*Newsletter #3 (April/2018) will be released 4/8/2018*
Hello and thanks again for tuning in.  If you missed our very first Newsletter, make sure to check it out here.  Once again, our aim with this newsletter is to update you monthly on all things relevant impacting this new space, as well as some technical analysis. 
(The content is purposely kept short, we want to provide information in contained soundbites)
SCAM! SCAM! SCAMMERS!
Please ensure to keep your eyes and ears open for potential scammers.  They are popping up all over the place with the main purpose of stealing your coins. 
Despite recent rumors; Binance is denying being hacked.  Instead; they maintain that there were "irregular trading" due to phishing attacks.   Please keep your coins safe; majority of mine are stored offline in a cold wallet; I address that in Newsletter 1. 
Visa, Mastercard, Discover, American Express and LITEPAY accepted here!

"LitePay is an alternative to BitPay," Bitcoinist's James Levenson wrote, "which allows merchants and businesses to accept crypto for their services and products." 
LitePay will now be available to merchants in 41 countries, including the U.S., U.K. and China. 
Litecoin increased by more than 30% on the upcoming launch of Litepay; the launch however that occurred on February 26, 2018, was nothing but lackluster. 

Want to find out more about Litepay? Click here.
INDEXING
Coinbase is creating an index fund. As of current; the Index fund is only comprised of the four largest cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash and Litecoin).  Expect the fund to go live in a few months.  If you want to invest; feel free to sign up here. 
DIVERSIFY YOUR PORTFOLIO

With more than 1500 coins, tokens, etc.,and more hitting the market every month, it's hard to determine which will emerge as the leader(s) in the space.  Given the above; diversifying your crypto portfolio makes a ton of sense.  As I build my crypto portfolio; monies will be concentrated to my list of top 10s or top 20s.
WHAT DID I BUY?

Since our last Newsletter, I've made three purchases:
Tronic (TRX) @.04
Litecoin (LTC) @ $154 & $195
Bitcoin (BTC) @ $9914

Technical Analysis

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BTC/USD
  • Well, Bitcoin hasn't collapsed!  On many levels you have the tales of two stories. 
  • On one hand; we are about 50% off the All Time Highs achieved in December.   However;
  • We're up north of 70% from the lows of February. 
  • Depending on where you ended up getting in; you're either extremely happy and profitable or experiencing some pain from the draw down.
  • In the long run; I remain bullish on Bitcoin and the cryptocurrency space.  In the short term; expect extreme volatility in this asset class. 
  • Based on the chart; we've established a new trend.  That's right; we've ended that downtrend that started after hitting all time highs in December. 
  • Going forward; I am pay attention to the $9500 level (major support on the daily chart).  If we breach that; chances are we retest the lows of $6500. 
  • I am actually hoping for this scenario to play out; because I will be devoting a good portion of money to Bitcoin at those levels. 
  • Investing in the stock market for over 10 years has taught me a lot; mainly; you get good returns investing at the point of extreme pessimism. 
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ETH/USD
  • Unlike Bitcoin; Ethereum isn't showing me any level of strength. 
  • It has remained in a downtrend since hitting highs back in January. 
  • I am unsure as to where this stops but again; it seems to want much lower than current levels
  • For me; the best areas to accumulate (based on risk/reward) is the $400 area (give or take).  I am not touching this until then. 
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LTC/USD
  • We had a 151% run up from Febs low of $100.20 to a high of $251.90 in less than a month.  Such a strong move, should expect a short term pullback.
  • A retest of the $150-$160 area wouldn't be of surprise; it's a good area of support. 
  • For us to get back on track and towards my 2018 price target of $720, we need to get up and above $250.  We have a ways to go but again; I am bullish on the crypto space in 2018.
  • Remember, if the Wall Street whales are accumulating this stuff (which I believe they are); it will take some time. 
  • I remain a HODLER
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XRP/USD
  • We had a good run recently on anticipation that XRP will be added to Coinbase.  That didn't pan out and the price subsequently dropped.  Again; this is an ugly chart and I expect this thing to head lower.
  • I am expecting a retest of .56; secretly hoping for capitulation to .20.  If it ever gets there; I will add in handfuls. 
  • .20-.50 represents no mans land.  Hence why I strongly believe a dip under .50 will lead to capitulation. 

Game Plan
(first published in Newsletter 1)


  • Decide what I can actually afford to invest in the space without becoming homeless (this protects me if the Crypto market turns out to be nothing but hog wash).
  • As a general rule of thumb; I wouldn't invest more than 10% of my savings.  For example; if I had $250k saved in the bank; $25,000 would be the MAX commitment.  That way if the market goes south and all my coins become worthless; I still have $225,000 to roll with. 
  • Continue deploying money into the crypto currency space in phases.  Phase 1 started around November/2017.
  • Deployment of capital will take place as coins near their support areas (hoping to complete my total purchases in 4 phases).
  • If this is anything like the stock market (which I've participated in for almost 2 decades); the more negative the press, the more likely these coins have a chance of succeeding. 
  • Remind myself to stay away from calling 'tops' or 'bottoms'.  
  • Add to position in phases; take some off the top as I see fit (this depends on your profit targets).
  • Remind myself to Hodl! 
  • Remind myself, this is a new space and the kinks will continue to get worked out. 
Feedback is so crucial to our community, let us know what you want to hear in the next Newsletter!

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DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose.