PermaCryptoFolio Weekly Status Report 28/2017 - DORY portfolio rebalanced
Hello Steemit,
welcome to weekly status report 28/2017 for STEEM exclusive PermaCryptoFolio experiment. Due to holiday I was not able to post this report last friday. Next report will follow as usually on friday.
As every week, let's have a look at the current Top 30 Crypto Currencies first. What an epic crash. All top coins down, sometimes more than 50% since the all-time highs.
From Elliott Wave perspective I expect at least another (and hopefully final) wave down to around 1650 USD per BTC.
Development of the portfolio values in US Dollar compared to a pure Bitcoin investment (orange line). For better comparability value of ARIELLE portfolio is multiplied by 3. The Bitcoin and Altcoin crash affects all 4 portfolios.
Development of the portfolio values in Bitcoin compared to a pure Bitcoin investment (orange line). For better comparability value of ARIELLE portfolio is multiplied by 3.
Development of the relative performance of the top-8 Altcoins since the beginning of the PermaCryptoFolio experiment (September 1st 2016).
Development of the relative performance of the top-8 Altcoins inside NEMO portfolio since last replacement of a coin (June 30th 2017)
The DORY Portfolio
Since weeks the following orders were active, and yesterday the buy order at 1922 USD was executed.
See below the current state of the DORY Portfolio .
My excel sheet calculated the next targets for partiell buy or sell orders. Either DORY will buy Bitcoin at 1281 USD or will sell Bitcoin at 2883 USD.
I have already submitted the next orders for DORY into the Kraken orderbook.
The NEMO Portfolio
See below the current state of the NEMO Portfolio. Unfortunately DORY missed the dip in BTC-SBD market. Tonight the USDT portion was worth more than 60% of the total cash portion, and in this case a partiell USDT-sell and SBD-buy should be executed.
Same applies to the altcoin portion of the portfolio. Tonight the LTC portion exceeded more than 25% of the total altcoin portion value, and in this case a complete rebalancing of the altcoins should be executed. DORY missed this possibility too. Maybe we have more luck in the next days.
Note that NEMO can not invest in IOTA because this coin is not tradeable on Bittrex.
The NEW FLIPPER Portfolio
See below the current state of the NEW FLIPPER Portfolio after todays rebalancing.
The ARIELLE Portfolio
See below the current state of the ARIELLE Portfolio after todays rebalancing.
Learn more about PermaCryptoFolio
If you are a new reader, please read first the PermaCryptoFolio experiment announcement.
Second follow these links to learn more about the 4 portfolios:
Withdraw all the funds out of the exchanges!
It is strongly recommended to withdraw all funds out of Cryptocurrency exchanges when not needed for trading there.
In the past I have written a series of pictured tutorials HOWTO withdraw
- STEEM
- SBD STEEM DOLLARS
- XMR Monero
- BTC Bitcoin
- ETH Ether
- ETC Ether Classic
- LTC Litecoin
- DASH
- REP Augur
Thank you for reading and have a nice weekend!
Disclaimer
Absolut detailliert und definitiv spannend zu verfolgen. Ich würde gerne selbst ein wenig investieren, nur ist aktuell leider nichts übrig dafür 😕
This post received a 2.1% upvote from @randowhale thanks to @speedygonzales! For more information, click here!
Your wave count is incorrect, but you come to the right conclusion.
You cannot have a 3 legged (A) wave.
Visit my blog to see where you got it wrong. It is a double ZigZag.
Very informative though, I follow you
Good read on BTC and a good catch for the DORY portfolio.
Thank you very much @maarnio
Well explained!
It is time to go in
Also take a look on my post thank you!
https://steemit.com/money/@flyingcondor/let-us-shout-for-crytocurrency