Index for next period.
no trading advice.
expecting minimum another -20% down
Comment: I would like to see the index value reaching the 2000 area or below.
Comment: enterying 2 BTC at 2745.
targets for the index in the next 4 weeks
3300/3800/4200/4600/5500/7500/8500
No trading advice, just info on how I valuate the index.
Comment: I have my stop loss set at 2500 for the index, I believe that it depends on bitcoin, which most likely will go for 7500 in the next 1-2 days. however I don't want to close this just yet, if it breaks below 2500, I will get the chance to enter at the under 2000 area which is already a strong win.
Comment: closed my position on mentioned stop loss, will look to pick up again well below 2000
Comment: currently at 1825, even though bitcoin laddered up, doing the first entry at under 1750, 40%
Comment: as informed privately, I will hold on doing an entry even at this level 1650, as there is more price drop in my opinion, I will wait for lower levels, I will open a position if I see other signs in the market. but currently there is no reason and I really want to have 3 purchases but at the very best timing. from 2500 this index kept on dropping and want to make the best of it. personal opinion, no trading advice
Comment: entry with 2 btc at 1539 of the index value. targets 1800/2100/2400 for next 2 weeks. personal decision, no trading advice.
Comment: closed this one this morning.
Comment: we are heading for more down movement.

Comments

Hi, how are you doing? Cool idea, I'm following it. Let me ask you, how do you put a stop loss on the index?
Reply
@lcendoya, you basically set a stop loss on each individual coin.
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we hit the 2000, as expected index dropped 20% since stop loss was hit.
at the moment I am looking for a good entry somewhere in the range of 1250-1750. probably average down even from current levels.
according to historical data provided by tradingview for this index we can see from 3800 to 2000 is already pretty much down.
the coins picked for this index are mostly 2018 fresh.
Reply
@EgotripCz EgotripCz who knows? I definitely think it will recover once the manipulation subsides because all that is coming out of the project is goodness. It's not a flim flam project like so many others. I am suspicious there are entities that are targeting it because they want to delay the product Pundi is already rolling out.
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The weirdness is from the level of manipulation. The project Pundi X is the sole crypto project with a real world POS device as far as I know. Most likely going to see a BNB trading pair soon.
Reply
EgotripCz graemeskye
@graemeskye, Where do you see price of Pundi X in the next months?.. So far the airdrops are killing it. I wouldn´t believe, it could get under 50 sats few weeks ago. I was in shortly few times, always got out in time in green. But looks like it will go even under 30 sats soon.
Reply
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