Market Update | April 10th, 2019

 

Actual Trading – Market Update

April 10th, 2019


Strategy Shift

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Actual Trading Announces Revised Short Term Crypto Targets at 3pm ET on April 10th, 2019.

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We have moved from short and medium term bullish crypto to short term bearish and medium term bullish.


Market Overview

From a short-term trading perspective and from that of companies needing to fund operational expenses, these are excellent levels given how much lower we were several weeks ago even as we see a consistent level of demand especially from newer participants looking to establish a position in these markets.

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Strategy

We trade this market by buying substantial drops lower — 5% to 15% — and selling at 182-185 ETH and 5450-5520 BTC for a short-term trade. We are also poised for a break of 200 ETH and a corresponding move up in BTC that would allow us to sell more substantial amounts into stop losses at the 208-215 level and 5900-6200 BTC level.

The trend is higher. For new trades we prefer buying on dips. But for those who are long, taking profit and potentially selling for a dip provides a reasonable risk-reward. Bitcoin short-term price dynamics are often driven by disappointment. A move higher that stalls can draw in natural sellers and stop-losses by weak recent buyers. We look for a potential stall here and a move lower of 2-5%. We are cognizant of the risk to our short of simply holding these levels in crypto. If we are not lower by early next week, the market will start addressing the possibility of a technical Golden Cross as 50 Day Moving Average crosses over 200 Day Moving Average in potentially 10 days to 2 weeks creating a new bullish scenario. We reassess this risk on a daily basis and remain flexible to square up shorts.

We welcome the opportunity to help you with any trades or strategies you may be considering.

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Thank you

David Reich | Head of Actual Trading

 

DISCLOSURES: This Commentary is for informational purposes and does not constitute investment advice, any type of recommendation or an offer to sell or a solicitation to purchase any securities from the Actual Trading or an entity organized, controlled, managed by or affiliated with Actual Group, LLC (“Actual Group”).  Any offer or solicitation may only be made pursuant to a confidential private offering memorandum which will only be provided to qualified offerees for careful review prior to making an investment decision. We aim to educate, report and/or opine on certain developments relating to the digital asset market. These are our subjective views, based on information and sources we believe to be reliable as of the date we publish, but we make no representations or warranties with respect to the accuracy, correctness or completeness of our opinions or any information herein and have no undertaking to update it.  Please do not rely on it.  

Actual Group and/or its affiliates and personnel have made investments in some of the assets or instruments discussed here, and may in the future make additional investments (long or short) in such assets or instruments without further notice. Actual Group does not, here or anywhere, provide accounting, legal or tax advice, or make investment recommendations.  Please do not rely on us for the foregoing. We strongly suggest that prospective investors seek independent advice with respect to any investment, financial, legal, tax, accounting or regulatory issues discussed herein.
Certain information contained in this Commentary constitutes “forward-looking statements,” such as statements that include the words“may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “believe”.  There are so many risks and uncertainties that actual events or results or the actual policies, procedures, and processes of Actual Group and the Actual Trading and the performance of the Actual Trading may differ materially from those reflected or contemplated in such forward-looking statements.  Please do not rely on forward-looking statements. Past performance is not necessarily indicative of or a guarantee of future results.

 

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