Bona Fide Crypto

Good afternoon beautiful creature!

It has been a while since our last post, and there has been a reason to it. Nothing has changed in the market for us to inform about, it has all played out as we thought except for the time frame.

Since we had a wrong time frame, we missed out on a possible gain by recent pump action. Our decision was to not enter the pump, as we still believed in our thesis, and it would be too risky to enter.

We believe that nothing has changed in the market, except that more people are starting to wake up to the coffee.

It would not be a surprise if we get a bounce from this point on, but it is not yet a point to enter.

Our strategy has entered a trading plan in iconomi to automatically pick up BTC at low ranges incrementally. We are prepared!

@Diversitas have great news points and worth to follow, and we share most of their views on the market.

Stay sharp peeps, and summer 2023 will be an interesting one 🧐

Lets be careful out here!

World finance seem to be starting to wake up to the coffee. 

We have started to rebalance into more $USDC as this pump might be short lived. 

Bonafides!!

We believe that the USD (DXY) is reaching a temporary top and might have a short correction. This could create a small wave of $BTC pump. 

We will rebalance 30% into BTC. 

If you do not want to participate into this strategy, please choose another to follow now. 

Bonafides!!!

Wealth preservation strategy has worked ok, but starting be nervous about stablecoins depegging. in response to that we will start to investigate and risk manage analysis if we should diverse our stable coins or move into BTC and ETH as they are starting to close in on bottom. 

We are not rebalancing as of yet, the market is still not done correcting in our opinion. but lets see what our analysis later turns out to be.

Have a bonaficially weekend!! 🥳😎🤩😀

Hello again Bonafides,

Today, we got the answer everyone was asking: did the market price in 75 basis point? 

stock and crypto is red, more correction is happening and BTC is moving closer to our target of 15-18k. 

Hold on bonafides, this will be bumpy!! 

Dont forget FOMC meeting june 14-15, and rumored that Fed will scare market with 75 basis point. 

The meeting will dictate the overall sentiment of the market including crypto, so take that into considerarion you plan to rebalance 😎🤩

fellow Bonafides!!

3 days ago we warned about more market correction, as people start to realize slow growth combined with interest rate hikes. 😎

We have a theory that BTC can go to 18k or even lower, and we are therefore not keen on DCA in at this point. This theory might make us lose a bounce or two or buying at bottom, but we believe it is safer for all our bonafides 🥰

hello fellow beings! 

last post we were cautious about the market, even though it was in the green. Today, we got more evidence that worst is not over for crypto, not even gold. 

The market is starting to wake up to the reality, and will soon market in pricing for heavy interest rate. 

Neither crypto or gold will enjoy this period, as we think we will start to see liquidity squeeze. 

How will this impact our strategy? 

Remaining in USDC, and continue to watch market. 

Stay safe out there my friends, and dont chase; have patience! 

there is green in the market, both crypto and stocks. 

However, we have not found any tangible fact that indicates this is bottom. 

We believe this is a bounce, and we need to see some resistant being broken into support before stating otherwise. 

Our strategy will remain in stablecoins for now and wait this out for stronger confirmations  

If you want to chase this bounce, be careful!