DAR Portfolios 4/18: Signs of Life

It’s been a real sleeper of a week so there isn’t much to update on price action. I maintain that the levels we want to see taken on BTC still stand from Monday’s outlook.

That said, even though we haven’t gotten the confirmation we want to see, I believe the low is gone and the market is most likely to continue moving away from it. Mainly due to time and the cycles you will see that we simply cannot revisit a lower low at this point unless it’s a fundamentally changed market, in other words a full bear market would be forming.

So with that we continue to buy our portfolios up in this range. There are a lot of good setups, breakouts, and higher lows being made. I am not going to get into each position today as there wasn’t much movement this week besides one or two nice runners up +100% off the lows.

I am seeing a lot of encouraging signs for this market both fundamentally and cyclically that suggest we have been in one big correction within a much larger bull market. I will talk more on that next week. For now we remain in a grinding market for small caps that I don’t see changing anytime soon. The bottoms are in but patience will still be a big factor as it takes time for these setups to form a new base for their next run up.