PaxForex

Bitcoin - Forex Combo Strategy: Swiss Crypto Banks

BITFINEX:BTCUSD   Bitcoin
Now let’s take a look at my forex portfolio and see what happened over the past week. My 100 lots long position in Silver which I took on July 26th 2019 at 16.400 for a margin requirement of $82,240 with a pip value of $5,000 remains open and unchanged. We pushed above the $18 barrier and I think we could extend those gains, but I will take profits if a price action reversal forms. On August 26th 2019 I closed my 600 lots EURUSD long position at 1.1145 for a profit of $250,000. The two charts below show my open Silver position as well as my closed EURUSD trade.





On August 22nd 2019 I bought 200 lots in the AUDJPY at 72.000 for a margin requirement of $26,979 with a pip value of $1,890.77. I acted on this trading recommendation “AUDJPY Fundamental Analysis – August 22nd 2019”. On August 26th 2019 I added 400 lots at 70.000 for a margin requirement of $53,958 with a pip value of $3,781.54. Yesterday, on August 27th 2019, I closed my position at 71.75 for a profit of $614,501. On August 26th 2019 I bought 200 lots in the EURJPY at 116.750 for a margin requirement of $44,363 with a pip value of $1,890.77. I acted on this trading recommendation “EURJPY Fundamental Analysis – August 26th 2019”. The two charts below show my closed AUDJPY trade as well as my open EURJPY position.





Here is the summary of my Bitcoin - Forex Combo portfolio: I hodl 500 Bitcoins worth $5,036,800, 40,000,000 Ripple worth $10,316,000 and 20,000 Litecoin worth $1,428,400 plus a total cash portfolio worth $6,074,039. In addition I have the following forex positions in my portfolio: a 100 lots Silver long position worth $1,048,240 and a 200 lots EURJPY long position worth $155,918. My total Bitcoin - Forex Combo portfolio is worth $24,059,397, up $1,680,306 from last week’s balance of $22,379,091 and off of my all time record high of $24,651,811. The calm and boredom of Bitcoin at support is a great development and I am monitoring price action in Ripple. My forex portfolio delivered and Silver made my performance shine.

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