Small portfolio update.
Some extreme asset volatility since yesterday afternoon that I think should be mentioned. Gold and Silver has had a correction which should be viewed within the context of the rapid rise over the past few months. I am holding my position in both.
Crypto is also suffering big falls today. The position in $ETH hit its stop loss and sold earlier today. This is always disappointing to exit a position in this way, but with crypto markets its essential to have some stop loss discipline as things can quickly go from bad to worse with 24/7 trading. I don't see a reason to rush back into Ethereum at the moment and will just take this loss and move on.
My bitcoin position is larger and is also stop lossed at just under 70k level. I am not removing or changing this, I still think bitcoin is worth holding at current price but will not be adding to position.
As always, this is my opinion and not investment advice.
All the best,
Paul... Show More
Hi Paul, from a chart pattern perspective, don’t you think Bitcoin is forming a head and shoulders pattern? The price is nearing—or may have already reached—the neckline, which would suggest a further downward trend.... Show More
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