China government declare ICOs illegal at the Moment. All ICOs stopped on chinese blockchains.
This has massive negative Impact on all alt – coins especially in China. We sell all chinese coins.
Bitcoins reached our Price Level of 4800 USD and started as expected a strong pull back to 4300 USD.
Bitcoins Need to stay ahead of 3900 USD to Keep positv trend.
CCC Portfolio Top Movers are:
Sold Binance Coin +95%
Sold NEO +44%
Transactions and rating adujstments:
Downgrad TenX to sell; We sell today 600TenX Coins
Sell Loopring; We sell all 35000 Loopring Coins with a 50% loss
Sell Binance; We sell all 800 Binance coins
Sell Neo; We sell all 32 Neo Coins
We hold 50% cash in USD Tether
We 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 negative impliations end of Sepember due to the upcoming hard fork and the China stop on ICOs.
Our Elliot Wave based trading tool will give us clear Signals when ist time to sell more coins out of our Portfolio.
At the Moment we see a downtrend in all coins. Thats why we have a cash Holding of 50% in USD.