Crypto Update: AI theme fizzling out?
Model was one of the first to go long AI theme coins such as $AGIX $FET and others, in early Jan which turned out to be big winners.
$AGIX went up about 10x and $FET up by 5x in about a month.
That's not the interesting part.
Currently, all media and everyone can talk about is AI and its implication. How it's going to change humanity as we know it, but prices aren't responding the same way?
Have we seen the peak of the AI theme?
Last week and this week the model exited all AI coins.
Now, it could be a temporary dip? and we could have another leg up. sure it can.
If that happens model will long these again without bias but for now, it's good to pay attention
when the narrative and the prices are doing the opposite It's usually the signs of distribution.
Coming to Model positions
There have been 1 entry and multiple 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.
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