NEWSLETTER #4
(May/2018)

CONTACT:
Tina@shortmetina.com
Support@shortmetina.com
*Newsletter #5 (June/2018) will be released 6/8/2018*
Hello and thanks again for tuning in.  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)
"CONFLICTING" OPINIONS FROM AN O.G. AND A BIG WALL STREET INSTITUTION
Goldman Sachs has decided to add a Cryptocurrency Trading Desk.  From what we know it isn't to trade Bitcoin per sey (not yet at least) but to trade Bitcoin futures.  This is a HUGE nod to the legitimacy of Bitcoin considering Goldman Sachs is a big Wall Street institution. 
Billionaire Investor Warren Buffett, however, still thinks Bitcoin is garbage.  He was recently quoted as saying, Bitcoin is "rat poison squared" and still maintains, cryptocurrencies "will come to bad endings". 


But before you act on Buffett's views; just remember this is a man who up to recently, still believed in old tech (IBM) AND completely missed the boat on Amazon (AMZN). 


This tweet best sums up my views on Buffett equating Bitcoin to Rat Poison
MORE MAINSTREAM ADAPTATION
Ledger Nano S was featured in Sunday's episode of Billions; check out the clip here:
ICO's being discussed on HBO's Silicon Valley.  Check out the clip here:
Research, Research, Research. Do your homework on the coin (s) you decide to invest in and if you don't care to do the work, just buy the popular currencies.  ​
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.
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. 
WHAT DID I BUY?

Since our last Newsletter, I've made zero purchases.  I continue to HODL and await better entries.  I am still a bit skeptical of this recent run-up.  I do hope I am wrong but a significant drop wouldn't surprise me. 

Technical Analysis

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BTC/USD
  • Bitcoin seems to be showing signs of strength. 
  • Bitcoin has finally breached that downtrend it started in Early January/2018 and it looks like it's primed and ready to continue w/ this new trend.
  • Now; in my chart; I've indicated that a 'throw back' to the $8,000-$8,500 level is a possibility.  Do understand that a dip to those levels does not invalidate the new uptrend.  In fact, a pullback would be healthy for the overall trajectory of the chart. 
  • Moving forward, you want to see Bitcoin make an attempt at touching that $10k level; even if it doesn't surpass it.  An attempt would signify a resurgence of the bulls.
  • Nothing has changed with my thesis.  In the long run; I remain bullish on Bitcoin and the cryptocurrency space.  In the short term; expect extreme volatility in this asset class. 
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ETH/USD
  • Ethereum has been one of the biggest movers since our last Newsletter
  • Since dipping into the $300s; the coin has double in a month's span. 
  • $800-$850 are the levels to pay attention to within the upcoming days/weeks. 
  • A sustained move over the above stated levels and I think Ethereum will be back in rally mode. 
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LTC/USD
  • Litecoin has also rallied since our last Newsletter. 
  • Gaining not quite 100%, but upwards of 85-90% since the April lows of about $100
  • While I am expecting a pullback (like we see now) within Litecoin; I don't think we will revisit $100. 
  • A pullback to $125, as indicated in the chart; may represent a good buying opportunity. 
  • I remain a HODLER
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XRP/USD
  • Anticipated a move to .20 cents but all it gave me was about .45. 
  • We've since experienced a huge move from April's low of .45.
  • We are currently consolidating around the .75-.80 level. 
  • For things to continue working in the bulls favor; we want Ripple to remain above .70 cents. 
  • A dip below .70 cents may signal short term weakness. 

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. 
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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.