NEWSLETTER #7  (August/2018)

CONTACT:
Tina@shortmetina.com
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*Newsletter #8 (September/2018) will be released 9/8/2018*
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)
August's Newsletter will mainly focus on Technical Analysis and the psychology of ‘trading/investing” in a new space.  In 2018 alone, the cryptocurrency market has lost over 600 billion dollars.  Despite that loss, the space continues to grow in notoriety and credibility. 
 
I started this Newsletter in February of 2018 and laid out my game plan for all my members to see.  As you read my game plan that was first published in Newsletter #1, as well as, all subsequent newsletter --- ---take into consideration the ‘sell-off’ that’s underway in the cryptocurrency space. 

My game plan was thought out; with a worse case scenario in mind. 

Do note; despite the loss of over 600 billion dollars; I strongly believe the cryptocurrency market is here to stay. 

Invest wisely!

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. 
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 zero purchases.  I continue to HODL and await better entries. 

Technical Analysis

Picture
(Image July/2018)
Picture
(Image August/2018)
BTC/USD
  • As I anticipated during our last newsletter; there was minimal movement; month to month with Bitcoin. 
  • At the time of our July Newsletter writing; Bitcoin was trading around $6700.  Bitcoin at the time of this writing is trading around $6300, a difference of about 5% .
  • Going into September and October; I am expecting a bit of a sell-off.   Press is negative and I do believe the sharks smell blood.  I anticipate a move to $4500-$4800 (based on the chart).
Picture
(Image July/2018)
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(Image August/2018)
ETH/USD
  • Similar to Bitcoin, for the Month of July; price action was ‘muted’.
  • The beginnings of August; however, has the coin fairing differently.
  • Major support of $400 broke in a meaningful way (refer to chart). 
  • Heading into September/October; I accept the sharks to attack. 
  • Expecting a $200 print. 
Picture
(Image July/2018)
Picture
(Image August/2018)
LTC/USD

  • Last newsletter; I hinted that a break of $100 (which represented major support) would cause a massive sell-off.
  • Sitting at $63; we’ve declined 37% from $100 support.
  • Again, a coordinated attack might be underway; a $40 or $50 print should not surprise you.
Picture
(click on image to ENLARGE)
XRP/USD
  • As with the other coins; support has not held. 
  • Ripple is trading at levels we have not seen since 2017
  • Considering all coins continue to trade in tandem; I am expecting further decline with Ripple between August to October. 
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.