NEWSLETTER #6  (July/2018)

CONTACT:
Tina@shortmetina.com
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*Newsletter #7 (August/2018) will be released 8/8/2018*
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)
SOME MORE GOOD THINGS CONTINUE TO DEVELOP IN THE CRYPTO WORLD (think adaptation):
Facebook has decided to join the blockchain party!  Checkout what David Marcus, former head of Facebook's messenger department had to say.

Switzerland's main stock exchange (SIX) has announced it will open a fully regulated cryptocurrency exchange in 2019.

IBM signs Multi-Million dollar deal with Australia to use blockchain for data security. 
WALL STREET CONTINUES TO INVADE CRYPTO:
Winklevoss' Gemini Exchange Recruits NYSE (New York Stock Exchange) Chief Information Officer.  Robert Cornish has joined Gemini as its first Chief Technology Officer. 
 DO YOU LIKE ART?  WANT TO OWN A 'PIECE' (LITERALLY)
$5.6 MILLION Andy Warhol piece to be sold for partial ownership via blockchain.
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.  -Quote from (May/2018) Newsletter. 

Technical Analysis

Picture
(Image June/2018)
Picture
(Image July/2018)
BTC/USD
  • First image or image on your left; was issued in our June/2018 Newsletter.  In that Newsletter, we indicated that a bearish inverted 'cup and handle' pattern was forming.  We called for more downside with Bitcoin and more downside happened!
  • Since then, Bitcoin has rebounded slightly and currently trades a little over $6500
  • The test for Bitcoin, if the bulls are to really take control, is for it to hold those $6500 levels. 
  • Neutral on the coins this month. I anticipate minimal movement.
  • Minimal movement bodes well for the currency in the longer term.
Picture
(Image June/2018)
Picture
(Image July/2018)
ETH/USD
  • Similar to Bitcoin; because of the inverted 'cup and handle' pattern that formed last month (refer to June image); we called for more downside in our June Newsletter.
  • Ethereum collapsed north of $200 after that call.  *alerting investors who are subscribed to our newsletter*
  • Similar to Bitcoin, Ethereum has rebounded slightly and is up over $80 dollars from its $404 June lows.
  • Neutral for the month of July.  We do not anticipate any 'significant movements'
  • Do take note however, $400 continues to act as major support for this coin
Picture
(Image June/2018)
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(Image July/2018)
LTC/USD

Highlights from June's Newsletter:
  • Litecoin, similar to the other coins, continue to put in 'lower highs'.  This is partially what happens when a 'coin' or 'stock' is in a downtrend. 
  • Litecoin is sitting in the low $100s and while I see a dip lower; I think we are hovering around an area most folks are comfortable with. 
  • A break below $100, however, can cause massive selling. 
  • Continue to pay attention if you're a holder of Litecoin. 

Update:
  • A dip below $100 did not create a mass exodus but we did have a significant pullback.
  • Litecoin lost about 25% since breaking major support of $100; however, has since rebounded slightly
  • Similar to the other coins; I am expecting neutral price action for the month of July.
  • I imagine Litecoin will osculate between $75-$100 (key levels to pay attention to)
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(click on image to ENLARGE)
XRP/USD
  • Ripple continues to hover around the support level.
  • As indicated in the last Newsletter, if support can continue to hold; I see an easy double from here.

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.