Crypto Positions Update
As stated earlier today.
In yesterdays update had mentioned that ETH is looking bearish but looks like it was a fakeout.
Model is long majors BTC ETH SOL.
Typically ETHBTC marks sharp upmove marks the climax of most uptrends.
It would be interesting to see if we get one of those this time too.
From the logic standpoint, once the BTC ETF is approved the markets will quickly ask when ETH etf? and would like to front run it.
NOTE: Made a special section on SOL meme plays as some of you don't seem to read the full updates.
If you haven't then have a read at some of the logic mentioned. If you cannot handle the volatility then do not participate in them.
Since they are tiny marketcaps it cannot be fully played via the quant model alone and needs to be sized accordingly.
Treat them like zero or hero plays for the entire cycle.
If it moves 10x-20x don't wait for model updates. formulate your own profit booking and reentering strategy.
Will issue an Exit note when it appears fully cooked.
They all can be found on Jupiter.
Coming to model positions there have been some entries and exits.
If you are trading on LTF then you can use the Web3Quant indicator on 4h/8h.
You can also have a swing low on the daily TF as an invalidation.
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