Crypto Update

Model continues to be long but the weekly closing isn't as strong as expected.

Markets have been choppy even on a weekly timeframe which is unusual and not ideal.

Bias continues to be on the long side till we get invalidation or strong signs of reversals/trend breaks.

Alts are showing a lot more strength compared to BTC.

ETHBTC looking strong.

BTC closing above 28K would get the bullish momentum back on the table.

Coming to Model positions, there have been 3 entries and 3 exits

NOTE: The strategy and the invalidation levels mentioned are based on Weekly closing prices. So ideally, subsequent weekly updates would cover the Exits anyways. But for those who like to trade in and out of positions, it would be best  (it's not a recommendation, just guidance) to wait for Daily or 3Day time-frame closing prices to consider.

Use the Weekly Closing Prices to calculate Entry & Exit Prices & Performance.

PositionStatusInvalidation Level
BTCLong25600
ETHLong1725
INJLong5.5
RNDRLong1.6
LINALong0.008
AGLDLong0.31
OCEANLong0.29
ANTLong2.65
NKNLong0.08
BELLong0.59
KAVALong0.65
ALPHALong0.065
PYRLong2.35
JOELong0.3
WOOLong0.14
HIGHLong1.36
SUPERLong0.09
EXITS this week
CFXExit
ONTExit
STGExit
Entrys this week
LDOLong1.8
RPLLong40
ELFLong0.27

** Web3Quant is not registered with any financial regulatory agencies. Web3Quant is purely a research publishing firm that provides no personalized financial advice. Do your own research and consult your financial advisor.**

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