Changing to Active Structure - Hedge Function 2 & 3 is now activated
This structure change will be automatically executed on the client's Bitcoin Crypto Assets DAA accounts.
CHANGE
Removing: $LUNA $DOT $MATIC $AVAX $ATOM $EOS $MANA $SAND $FTT $XLM $FET $ALGO $FTM $QNT
Active: $BTC $ETH $ADA $LINK $RUNE $AAVE $BNB $SOL $CAKE $WNXM $FXS $MINA $NEAR
Changing to Active Structure - Hedge Function 2 & 3 is now activated
This structure change will be automatically executed on the client's Bitcoin Crypto Assets DAA accounts.
CHANGE
Removing: $CRO
Adding: $AVAX $BNB $ATOM $EOS $LUNA $UNI $DOT
Active: $BTC $ETH $ADA $LINK $RUNE $AAVE $MATIC $SOL $CAKE $CRO $MANA $SAND $FTT $XLM $WNXM $EGLD $FET $FXS $MINA $NEAR $QNT
Changing to Active Structure - Hedge Function 2 & 3 is now activated
This structure change will be automatically executed on the client's Bitcoin Crypto Assets DAA accounts.
CHANGE
Active: $BTC $ETH $ADA $LINK $RUNE $AAVE $MATIC $SOL $CAKE $CRO $MANA $SAND $FTT $XLM $WNXM $EGLD $FET $ALGO $FTM $FXS $MINA $NEAR $QNT
I just made the first rebalance for a while, just taking $FET gains and redistributing them to the others. The day charts of all four assets are looking good again.
Hey @frank , hope you are doing well. What are your thoughts on the current macro situation? Are you still actively managing your strategy? Thanks
I watch recent developments closely and am positively surprised by $BTC's strength amid macro uncertainty.
It is hard to tell what exactly drives Bitcoin's current price appreciation. It is nonetheless a noteworthy development.
$BTC is up nearly 30% from the recent lows and within a 2% range from its local top, so there's no reason to rush it. Also, no technical breakout yet.
For interested, alts I'm watching, $AVAX, $ATOM, $NEAR, $RUNE, $FET, $BNT. Of course, there are many other very interesting altcoins, but this is my current list I'm fascinated by.
What does it mean "my current list I'm fascinated by."? You are only watching every day?
$ANT taking a break gives the strategy a chance to rebalance and take profit, and introduce new assets. As explained previously, DAOs, gaming, DeFi (especially around liquidity) and AI have huge potential. Therefore I have chosen one asset from each sector.
DAOs: $ANT
Gaming: $GALA
DeFi: $CRV
AI: $FET
Assets are subject to change! I have swapped $KAVA and $YFI for $CRV and $GALA. $CRV has shown great price appreciation recently, until a big dip during the sell off. The tokenomics are better than $YFI right now, but this may change soon, and I love what $KAVA are doing, so I will keep them on my watchlist. $GALA is developing a lot of games, growing user base and a good price entry.
Being honest I called the bottom too early and you can see like PLANE Trend the majority of strategies were risk-on and suffered quite a lot around the 20th-22nd January. Fortunately $ANT is in profit since the last rebalance - the entry was solid and this has cushioned the blow. Now the strategy is in a position to make up for the market dump.
I have just slow rebalanced to take a little profit from $ANT and support $FET - the worst performer since the last rebalance.
Crypto is showing relative strength compared to equity markets lately.
It seems to be slowly bottoming out, so this might be an excellent region to dip our toes back in the water.
I'll cut on a lower low/add on a higher high. Let's see how it goes.
I've added "SoLunAvax" ($SOL, $LUNA, $AVAX) because I believe we'll see some rotation back into the "former" leading L1s.
$NEAR and $ATOM are my favorites of the recently hyped "FOAN" ($FTM, $ONE, $ATOM, $NEAR) L1s, so I added them as well.
$RUNE, $ANT, and $FET are speculative projects I'm a big fan of, which will hopefully have their time soon.
As always, this is not financial advice.
Going 100% stables when breaking 40.3k. Fingers crossed
https://www.tradingview.com/x/CxLqL8AH/
But ser, you are my financial advisor. And my fund manager 😛
Sideways. My view i that the market is bottoming out here and will begin to break to the upside.
$KAVA 9 has launched with more onboarding of assets and the platform seems way undervalued after a recent 'sell the news' correction. Moreover, $ANT has lost almost 50% of its value against BTC this year so far despite being in one of the hottest crypto sectors for 2022 - DAOs. See Aragons end of year post here to get informed about the project. https://blog.aragon.org/2021-retrospective/. I have dropped $FET and $COMP for now, but will watch them as always.
When the market rises, I would expect these assets to do really well. I may be wrong about this being the end of the market downtrend, and if so I will adjust. But the risk here is worth it.
@DharmaWheel The sources I have lead me to think we will see a recession. The price falls are led by growth assets - just look at the Nasdaq and crypto as a whole. Once a recession really kicks in, stocks are not usually negative from that point, as people start to price in 'better times'. This is what I see happing after summer, and crypto would be on the leading edge of that. Sadly, this strategy like many others has suffered from the crazy falls of the last few days, and I am not managing it as actively as I used to. Close management can be a curse as well as a blessing. I was debating moving some of the strategy into TerraUSD some days ago, which would have been a terrible move. On the other hand, going into another stablecoin would have been great. I expect to keep with my core assets that I think will do well long term, and occasionally try to take advantage somehow of situations like these.