Newsletter #34 Weekly Market Update

Model continues to sit in CASH since last month and isn't LONG any positions in Crypto AltUSD pairs.

Model also has exited all tactical trades on AltBTC pairs LTCBTC, ASTRBTC & XMRBTC too.

Currently, most short-term indicators are looking bearish and pointing to the loss of trend & momentum.

From a long-term investing perspective I am sticking to the plan I have been writing about for months.

Bitcoin and Ethereum are entering the value zone, if we do get a market-wide sell off then it would be a great time and price to accumulate these assets for those who believe in this space. The above logic applies to ALL cryptos/stocks that you believe will survive the next 5 years.
So I will buy either on a complete NUKE aka BTC in the range of 14k-17k if we get one or on a Long signal by the model. I would be using this opportunity to DCA into long-term holdings. $BTC & $ETH feature in them but I have also laid out a long-term investment thesis on crypto stocks. You can check them out here -  HUT8 and Galaxy Digital. I also like Riot Blockchain (similar thesis to HUT8) and Coinbase.

As announced last week TradFI updates would be published on a monthly basis starting the 1st of Jan.

Below are the All Models signals on BTC ETH Solana /USD from 2020 to date. I have been publishing this every week since early this year and will continue to do so.

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