NEWSLETTER #9  (October/2018)

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Tina@shortmetina.com
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*Newsletter #10 (November/2018) will be released 11/8/2018*
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)
Similar to August and September's Newsletter, October'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 and think long term.  In fact; with the exception of reading my newsletter monthly; I would unplug from the Crypto Markets and tune back in within the next 3-5 years!

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 September/2018)
BTC/USD
  • Since August, I have maintained that we will see more downward pressure with Bitcoin. 
  • Bitcoin has spend a great deal of time trading VERY close to support of around $6000. 
  • The longer Bitcoin hangs around $6000; the likelihood of that level being tested and broken is high.
  • As a reminder; I am expecting a move to $4500-$4800.
Picture
(Image September/2018)
ETH/USD
(September Recap)
  • Re-reading August's recap indicates I was very generous. 
  • I expected a $200 print; as I type this we are trading at $189. 
  • I am expecting further downside and capitulation to take place around October/November. 
  • I am expecting the sharks to drive this down to the low $100s. At that point; I would start paying attention for signs of a reversal. 

(October Recap)
  • My stance has not changed since September's recap
  • Although we've up a few basis points since our last recap; I remain bearish for the month of October
  • I expect Ethereum to retest its most recent low of $166.76. 
  • I believe that price point will ultimately break and ETH will experience a free fall.
  • In my opinion, that 'free fall' will be the final wash out of weak hands. 
  • Once that happens, I am expecting this coin to begin trending up again. 
Picture
(Image September/2018)
LTC/USD
(September Recap)
  • As we anticipated in our last Newsletter, the sharks attacked and Litecoin has depreciated significantly.
  • As I type this, we are sitting at $52. 
  • I am anticipating another attack to drive the security lower.  Forcing most, if not all, retail traders out of Crypto-Currency. 
  • Anticipating a move to the $30s.  At that point; I will begin to pay attention for a potential recovery. 

(October Recap)
  • The last two sentences of September's recap is what I am waiting.
  • Another coordinated short attack to drive out the remainder of retail speculators. 
  • This attack should have Litecoin trading in the $30s. 
  • Once that occurs, expect some pretty muted action before Litecoin starts its second run-up
Picture
(click on image to ENLARGE)
XRP/USD
  • Of the three coins mentioned above, Ripple is trading the healthiest
  • Since our last newsletter, Ripple is up north of 100%
  • I don't see this move as sustainable.  I am anticipating a move towards support of around .35 cents
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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.