A warm welcome to all new followers! 🤞I'm highly dedicated to making you a killing and this fund a tremendous success. I'm always trying to beat $BTC or $ETH and stay up to date on all new developments to move into good investments before the majority of the crowd.Let's go and ride this wave of world-changing technology driven by grass roots movements, collaboration and open protocols/markets🚀
It's been quite a while and lots of interesting things have been happening in the markets in the meantime.Let's dive into it! I believe the most important chart to look at right now is BTC.D. Why you may ask? Well, after breaking through the ATH of April this year I think it's pretty clear we're getting the double bubble we've all been hoping for. The most critical part now is to extract as much value as possible out of this market. Money is constantly rotating and we want to rotate with it to maximise returns. During the recent Bitcoin rally it sucked in a humongous amount of liquidity which lead to alts falling and BTC.D going up from 39.5 to 47.5 in under 1 and 1/2 months. After that money has been on the move again and BTC.D fell to 44.8 which is where we're currently at. In general, when Bitcoin is on the move, be it up- or downwards, alts suffer. When Bitcoin consolidates alts can thrive. Like always in trading, this isn't generally true, but serves as a good rule of thumb. Now that you've gotten a glimpse into why BTC.D is important and what it tells us, let me tell you what I'm expecting to happen next. On the 4 hour chart I drew 5 impulse waves followed by an ABC correction. I do not think BTC.D is going to go much lower than what I drew and maybe reverses earlier. At the beginning of the reversal alts and $BTC should go up together (in USD value). Later on Bitcoin the liquidity black hole drags alts down, while it moves higher. So there's time to act should my assumptions be wrong. So what's there left to say? Generally speaking, altcoins should outperform Bitcoin for now.
I've seen your complaints regarding the current fee structure and I have to admit, you're right. The fund ist still performing very well, generating stable returns. But they aren't as exceptional as they were earlier this year. Also the fund has grown tremendously since then. I'm on this platform to help you grow your wealth and make some money on the way for myself, not the other way around. I don't know yet by how much I'll lower the performance fee, but rest assured I'm going to set them lower soon.
$BTC and FutureProof both printed new ATHs. We're now past 1,000,000$ following this strategy. It has been an insane journey until now and I think it's going to get even crazier in the coming months.Big shout-out to all of you! Thank you for your trust The usual cycle is $BTC > $ETH > ALTS. Even though I believe $BTC is going to perform well, there's now a good chance alts will do even better. Betting 30% for now, let's see how it goes. I'm very busy atm but will provide a more in depth update soon.
$BTC is back above the trend line, demonstrating enormous strength. Altcoins at the same time are struggling. With a potential Bitcoin ETF on the horizon and possible ATH fomo it seems like this is still $BTC‘s turn and alts outperforming will be rare.
$ATOM just retestet its multi year accumulation zone! I added a big bag. This is an opportunity to good to let it fade. But beware of FOMO.
$BTC is sitting at resistance. Being very cautious here.A drop would pose a great buying opportunity, especially on alts. If $BTC continues upwards, alts will probably continue to bleed. I will wait for a good entry on $BTC or buy strength above 60k. Alts are already showing signs of reversals tough any future price action is heavily dependent on $BTC and there’s a chance this could be a dead cat bounce. If alts confirm a trend change I‘ll start adding strong performers again.
$BTC is still doing well, reliably printing higher lows. Alts didn’t even give a proper relieve rally, so I’m cutting exposure again and diversifying a bit more. I still expect them to suddenly pop sometime in the future and don’t want to be completely sidelined. One alt I’m particularly optimistic about is $SRM. A rapidly growing orderbook based dex on the Solana blockchain. Price action has been pretty disappointing though. With (hopefully) crypto friendly regulation happening around the world I can imagine a privacy narrative forming, pushing projects like $XMR, $DVPN, $OXT, $ZEC, etc.
$BTC looks stronger than alts again. Bitcoin dominance is also ticking up and above its 42.5% resistance. I'm expecting $BTC to outperform as long as it stays above 42.5% dominance. There may be a few alts that are still going to outperform Bitcoin, but many already had insane rallies. If I spot a coin which I think is going to outperform, I'll add it to the structure, but for now I simply wait and see.
BTC.D (Bitcoin dominance) broke to the upside today. Let's see if alts can regain their strength against $BTC. Until then we'll play it safe and just hodl Bitcoin.