Welcome everyone
Our target is 100 000 dollars.
Last week's Portfolio
Total amount : 14 161 dollars!
Today's Portfolio
Total amount : 13 726 dollars!
We are in a consolidation phase. Sooner or later we will break out of this range bound channel. The million dollar question is , will we go up or down? It’s hard to see where this is going. If we look at the fundamental part we see both good and bad news. More companies embracing cryptocurrency. The US investigation on bitcoin price manipulation is great news. Basic regulation is needed. In July we have another G20 summit. Bitcoin will surely be a hot topic among financial ministers. New regulations are being expected.
I will not buy anything today. Too much question marks. I expect we will go down more. Maybe setting a new low.
Let’s look at the technical situation:
Bitcoin market cap : 126 650 756 282 USD
Bitcoin volume : 5 075 660 000 USD
The large downtrend has clearly been broken. But we are still in a dip. The red line is key here.
It is our long term support. If this breaks , we will see new lows.
Currently , the area around 7100 dollars is holding. If this breaks , we will probably drop to our long term support line.
Volume has been dropping too. But the price has been range bound these last few days. This means market is currently deciding which way it will go.
I bought :
Nothing
I sold :
Nothing
Thank you for reading.
Any advice is much appreciated.
See you next week and thank you for your support!
Portfolio week 1
Portfolio week 2
Portfolio week 3
Portfolio week 4
Portfolio week 5
Portfolio week 6
Portfolio week 7
Portfolio week 8
Portfolio week 9
Portfolio week 10
Portfolio week 11
Portfolio week 12
Portfolio week 13