Took some profits in SUB Substratum and LINK ChainLink last night (Asia time). Sold the VEN VeChain that I was using as a trading vehicle to hopefully lower the cost of my long term VEN stack. But I became aware of ADA Cardano and it looked like a good trade, so I sold VEN as my long term VEN stack is already pretty large. Sold enough SUB and LINK to get the VEN stack similar in value to SUB and LINK, creating close to equal 1/3 holdings of each.
For ADA, Noah's Ark brought it to my attention. I'm sure you follow many different people on various social media platforms, hoping to find that edge. I'd just say that you should always DYOR Do Your Own Research! Never blindly follow anyone, especially people you don't know (including me!). Check him out though, he has a private group, but also provides a lot of FREE info through his Telegram channel and group, and through his Twitter https://twitter.com/noahsarkcrypto.
Back to ADA. So after I became aware of it, I started looking into it myself.
I looked at the charts and the fib lines, it was getting ready to cross the .786 line (it hadn't crossed yet when I got in). There's a nice base building with good volume. On the Daily chart, the 20-day EMA was getting ready to cross the 50-day MA.
Then I went down to the 4-hour chart and saw that both the 20-day and 50-day lines crossed the 200-day - bullish. So I decided to take a position. Normally, you would wait for confirmation, but it'd been bumping up against the .786 line for some time, so it was ready to break through. I felt more comfortable, since it wasn't the first time testing that resistance. The blue arrow is where it was last night when I was looking at ADA and decided to get in.
My overall stack now is lower than what it was yesterday when I posted, but I'm not worried, because it's mainly due to SUB and LINK consolidating the jumps they've had.
SUB got rejected at the same place from before around 6100 sats, has come back to test the 20-day and holding as of now. I'm continuing to hold this for much much more.
LINK was getting overextended and is consolidating now, waiting for the 20-day to catch up. The 20-day crossed the 200-day, which is bullish. The 50-day is on it's way to cross the 200-day too. Will be continuing to hold this. Also been thinking about eventually turning a portion of this stack into my long term portfolio, because I do like the project. If that happens, I'll move BTC into this portfolio to replace.
Here's the current 0.1 BTC Challenge portfolio status:
The 0.1 BTC Challenge Numbers - as of 4/12/18, 8:29am UTC +8
Profits - 30.06%
Total Size - 0.139245 BTC
In Play - 0.111201 BTC - SUB, LINK, ADA
BTC to Long Term - 0.028044 BTC
I also got into STEEM last night. It's more of a mid-term play for now. I liked the charts (daily and 4-hour below) and thought, "let's support STEEM by buying it, since I've been posting my 0.1 BTC Challenge blog on here" haha. You can see that it bounced off the .786 line and is now trying to break through the .618 line. There was a big candle up with big volume, but has come back below to consolidate.
For reference, my mid-long term portfolio:
ICX - Icon Project
DRGN - Dragonchain
QASH - QASH
ELA - Elastos
WAN - Wanchain
VEN - VeChain
POWR - Power Ledger
WABI - WaBi
STEEM - Steem
SPD - Stipend
FOR - FORCE