Market Update:
China government declare ICOs illegal at the Moment. BTC China will be closed.
Very negativ momentum in global coin markets with Bitcoin Level below 3000 USD
We predicted this Levels in our last updates. Thats why we hold cash Levels of 53%
Our Overall Coin Portfolio remains very strong with +54%.
CCC Portfolio Top Movers are:
TenX +124%
Bitcoin +22%
ETH +2,9%
Transactions and rating adujstments:
We put stop by order for btc in the market.
Price Levels USD: 2800 10% cash ; 2500 10% 2100 10% 1800 10% 1500 % 1000 10%
Outlook:
We still expect negative coin markets until end of October !!
Our CCC Chart Analyser (Elliot Wave based trading tool) we right with a Price high at 4800 USD for one bitcoin. We expect ongoing negativ momentum with sell off waives down to a Level of 2000 USD in BTC.
We put stop buy orders in the market.
We do not buy any alt coins or ICOs at the Moment as the downtrend is increaseing its momentum, which is a very negativ Signal