DAY 41 - Virtual Coin Portfolio - Start Amount 10.000 USD, +93,8 % ; 19.280 USD "Strong Buy rating "Loopring Coin LRC"
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Market Update:
Bitcoins reached our Price Level of 4800 USD and started as expected a strong pull back to 4300 USD. NEO with underperformance to global coin markets.
CCC Portfolio Top Movers are:
TenX +358%
Binance Coin 271%
NEO +44%
Bitcoin +72%
Transactions and rating adujstments:
Downgrad TenX to sell; We sell today 400 TenX Coins
Strong buy Loopring. We buy to 35000 Loopring Coins
Loopring is a new decentral Exchange in China. Ist listed three days on binance
We expect very positiv momentum. Price is currently at 0,08 USD. We expect Price Levels of 0,25 USD
Outlook:
Our CCC Chart Analyser (Elliot Wave based trading tool) we right with a Price high at 4800 USD for one bitcoin. We expect negative impliations end of Sepember due to the upcoming hard fork.
Bitcoin and lead alt coins with side trend. We do not expect new highs next week.
Our Elliot Wave based trading tool will give us clear Signals when ist time to sell more coins out of our Portfolio.
We put NEO and TenX on the sell watchlist if underperformance keeps on.
I like your portfolio, but why is Steem on buy and not strong buy since it is at one of the strongest support levels I have ever seen in weeks?... It is hardly frop below the current price but it might reach 0.0004 again easily, seems like a fairly good risk reward.
Support levels are nice. But in my opinion Steem should be a sell. Steemit has been around for a while and even tho i like to use it sometimes, it has mayor flaws in the system. ¨
I feel steem price is only driven by new investors trying to make it big and speculators on the price. if new investors stop coming to the network we will see a crash eventually. And we are already seeing a decline in activity.
Thats just my 5 cents on Steemit and steem.
thx for your commet, valid Points good reseach
Thanks for the update :)
I read the Loopring whitepaper but did not see as much value in it as you are.
You must be confident since you are investing 3000 dollar into it.
The token themselves is only usefull for using as transfer fees as far as i understood, in the case that the tech is implemented. They have tons of competition with a small team and a small community. I also think their website is not good at all, I got all my info from the whitepaper and its still abit confucing how it will be implemented in practise. The token is also valued very high i feel for what it got to show. Its not my style of investing so I will stay away from it. However its very possible it will skyrocket to 0,25 as you said based on hype, expectations or news about implementation. In my book this is high risk high reward. but we all know the crypto market is a rollecoaster.
thx for your comment, yes very high risk, a short term ico play. i expect one run in the next one too tow weeks.