1/7

Morning update:

We are seeing very tricky price action as well as on-chain movements when it comes to $BTC  Over the past 24 hours, huge deposits were made to derivatives exchanges, mainly Binance.

P.S. Deposits to derivatives exchanges are hard to evaluate since they could mean that the whales are opening long or short positions. All they tell you is that we will likely see some volatility. It is also possible that Binance is doing some transfers between the wallets and reorganizing them.

2/7

$BTC spot reserves, on the other hand, remained low and relatively flat

3/7

Furthermore, we saw a huge drop in top whale holding meaning that some of the largest holders out there made those deposits (in case those were not internal transfers made by Binance). I think they know something we do not. Whatever it is, I think some volatility is on the horizon. Hard to say in which direction at this point 

P.S. There is also a $BTC CME gap at roughly $54,000 that usually gets filled.

4/7

Last but not least, we are still seeing extremely high Coinbase premium which makes me believe that the move will most likely be to the upside. Maybe first a drop to scare people off and fill the CME gap and then a pump? Hard to say but, this is something I would expect here. $BTC

P.S. I’m not planning to make any trades at this point since it would be a total gamble. Just want you to keep in mind that also a drop is possible.

Morning! $LUNA reached its target! (See chart)

Taking profit now and see how it corrects and if we are able to go in again. For now 15% USDT.

Another thing, will $BTC still try and fill the CME gap at 54.300 dollar? Could very well be!

Finally! $BTC breaking out and closing a 4H candle above resistance.

Bitcoin is now retesting the breakout line. I expect a confirmation as support.

I see strong headwinds because of heightened, persistent inflation and the fed signaling a faster tapering + rate hike. The new Omicron variant brings even more uncertainty.

In the end, I'm trading the charts. If the charts are hinting towards a bullish continuation, I won't stand in the way.

Because $ETH saw a strong rally, I think L1s will continue to perform well. That's why I added $ATOM, $AVAX, $FTM, and $SOL equally weighted at 8% each.

I also think DeFi is going to have its comeback. $BNT and $RUNE are investments I believe will appreciate even if we don't see a sector-wide upwards move. Allocated 12% each.

$ETH and $BTC are supposed to bring stability in case either of them goes parabolic and sucks liquidity out of the rest of the market. They should also hold up better in case of the market correcting a bit.

IMO $ETH likely outperforms $BTC for the rest of the bull run, so I splitted the remains 24% and 20%.

Quick Rebalance Update

Moonity took $LUNA & $STORJ profits & increased $BTC as well as $ENJ positions slightly.

Stay happy, healthy and mindful 

$BTC update.

A significant sum of BTC was transmitted to exchanges. Bitfinex received 250 million dollars. 

This play is feasible. They'll pump the price, sell BTC, and the price will drop to low 50k. They'll then use this money to buy the dip.

We've seen a lot of $BTC being sent to exchanges for a potential shakeout, but also a lot of $USDT to buy the dip. That's why we've decided to lower our exposure/risk and move 30% into $USDT to protect the gains.

I re-added $ANKR after the selloff.

I think it will run again. Traded a few times succesfully in and out of $ANKR in the past, based on $BTC or $ETH value. It pulled back after we sold it last time. But it is still in an upward trend. So: 

I expect it to make new ATH's and fly once it is in uncharted territory.