Diversitas is an actively managed crypto strategy with a focus on Bitcoin and DeFi.
Sell/Exit cost (per transaction)0.50%
1/5
Morning update:
Yesterday, Tesla as one of the last major tech stocks that were trading above June's bottom, dropped 8%📉 The rest of the market rallied on the news that the U.N. warned FED and other central banks that further rasing interest rates risks a global economic downturn👀
2/5
Now everyone expects the FED to pivot. In our view, it's too early to call for this so we would advise being cautious as this could be another bull trap🪤 Looking at the charts, SPX got rejected from our track line and printed a big reversal bar. Not the most bullish thing, especially if it confirms once the market opens👀
3/5
Bitcoin is holding well and started printing a volatility squeeze on multiple timeframes meaning that a big move is around the corner. That being said, we are still waiting for a hint on the direction of the move and the stock market open before making any decisions🤔 $BTC
4/5
We are also at a decision point when it comes to the trendline that is going back to the $BTC top at 69k. We will either break above or dump to new lows🤔 Again too early to say so we will wait in stablecoins for a little longer. So far it looks like we will have a fake move up and then a strong dump👀
5/5
What is bullish tho, is the fact that $BTC accumulation level reached 7-years high👀 Over 6-month-old Bitcoins now take 74% of the realized cap. It was 70%, and 77% at the last bottoms in 2019, and 2015 respectively.
Imagine you buy Bitcoins and do nothing over six months. Those are true hodlers!😉 The number of those is going up and so will the price... eventually😁
1/3
Morning update:
After Credit Suisse, now there are rumors that Deutsche Bank is also in big trouble and on a brick of collapse. In the morning, the CDS (credit default swap) price spiked to 157 EUR as traders are betting on their collapse👀 Together with Credit Suisse, they manage $2,7 trillion so this could be the 2022 “Lehman” moment. Not looking good but this could also be bullish for $BTC as it cannot go bankrupt🤔
2/3
Meanwhile, bulls failed to defend Apple's $150 support as well as the SPX June low meaning that stocks are now likely headed lower📉 It will be interesting to see the stock market open and how $BTC will react to it. Last week, it was holding extremely well compared to the stock market, but its too early to call for decoupling👀
3/3
As already mentioned, we will wait a little longer before jumping back into the market. Once we do get more bullish signs, we will also start to accumulate 2 altcoins that we believe will perform extremely well in the next upcycle. $ATOM as well as $LINK have recently announced an improvement of their tokenomics and will likely perform great👀 We liked both projects before but soon holding them will become even more attractive🔥 Since the change in tokenomics will take some time, there is no rush to buy them now. Let’s simply wait and play it safe here✅
1/1
Morning update:
Nothing interesting happened over the past 24 hours so there is not much to say. Have a great day and we will be back with our updates tomorrow🙌
1/5
Morning update:
Yesterday, the market was brutal. As expected and called a week ago, the stock market made new yearly lows and was down big time📉 The market continues to follow the 2008 bear market structure that we showed already multiple times. With yesterday’s close, SPX closed the month deeply in red, down 9.34%👀
