Crypto Update
BTC - Theres an ugly reversal on BTC and loss of momentum. Lots of weakness creeping in from TradFI space too. But Theres NO exit signal yet. Will send an update if there is one.
One can hold till the invalidation is hit or those who like to be more active can exit now and re-enter on strength.
MC, RUNE, MAKER - Are holding strong. they have shown great relative strength thus far even during todays sell off.
There have been few exit signals from the model.
Overall conditions have been weak. Best to be nimble in entry/exits and sizing till we get a strong trend confirmation or a catalyst.
** 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.**