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As I see crypto melt down little by little, I am delighted to have dumped all my crypto early in the week for good old fiat. I just took a fresh snapshot below; on the top is where my five crypto positions peaked; beneath is where the profits are at now. As you can see, the profits have shrunk considerably, and I’ve got a feeling it won’t be long at all before these (non-existent) positions actually move into loss territory.
Preface to all parts: on this long weekend, I decided to chart almost all the contents of my Bear Pen and break them up into four categories, each of which represents a specific style of chart pattern. I am showing a few for everyone and the rest of them for all paying members. Click on any chart for a larger version.
I simply want to acknowledge how CryptoStream – – thanks to its spiffy new portfolio management feature – – is giving me some comfort right now, since crypto has weakened back to the levels where I sold my five positions (as a reminder, I heartily clapped myself on the back for a 25% profit which proceeded in short order to become 50%). Thus, I don’t feel like so much of a dope. I kind of miss being in position, but I simply don’t want to hang out in an environment where I think there’s going to be a meltdown. Premium members already know my disposition on the direction in the coming weeks. In any case, I urge you to check, out this new feature if you haven’t already.
