A warm welcome to all new followers! 🤞I'm highly dedicated to making you a killing and this fund a tremendous success. I'm always trying to beat $BTC and $ETH and stay up to date on all new developments to move into suitable investments before the majority of the crowd.

Let's go and ride this wave of world-changing technology driven by grassroots movements, collaboration, and open protocols/markets🚀

Nothing I share is financial advice.

Looking to get into Gold; preparing an analysis

I got some pretty cool news, too.

Alpha Digital has been the best performing strategy on the entire platform since its inception. 

I hope everyone is doing well and nobody has lost too much money over the last couple of days.

We've weathered the storm very well. I'm happy about that.

It nevertheless feels terrible to see other strategists blow up left and right, but that's what happens if you recklessly allocate to a pretty clear Ponzi.

We all know the saying: "Buy when there is blood on the streets." There's a lot of blood on the streets right now but even more uncertainty.

How is the Luna/UST situation going to resolve?

How big is the fallout going to be?

How will regulators react?

Additionally, the macro isn't looking particularly good. The fed continues to tighten monetary policy, and the economy seems to be slowing down while inflation is still going rampant.

For reference, ETH went down 75% during the last cycle just to fall another 75% after that.

SOL, AVAX, and ATOM are at around -75% right now...

If you did lose a lot of money, always remember, it's just that, money. It doesn't define you as a person. It doesn't define what you're capable of, nor your future.

If you feel the need to talk to someone but don't know who, don't hesitate and shoot me a message.

We retraced the whole "Tesla will mine $BTC" pump and continued to bleed lower. It's a terrible sign if the price impact of positive news fades instantly.

Crypto is very weak right now. 

Exiting completely 

I seriously misinterpreted $BTC's last push higher. 

I've been waiting for a bounce to exit, but we haven't gotten any notable relief. 

$BTC, and especially alts, look weak. It could be I'm selling close to the bottom here, but crypto likes to crush supports/resistances without further ado. Looking to exit at ~44.5k

Rather have a bird in the hand rather than three in the bush. 

We're still up over the last month, by the way. 

$DOGE sending, out for now. Let's see, what next week brings 

I don't like $BTC 's heightened volatility here. 

Good place to take some chips off the table. 

Let's dig into $BTC's latest move!

First, some context.

$BTC entered the current range around the beginning of 2022. We've been in this range for ~3 months. The POC (point of control, meaning most volume traded) is 39k. Every breakout mean-reversed back to this level so far.

The last moves were characterized by a violent breakout followed by a short consolidation and finished by a similarly violent mean reversion. All the while $BTC constantly forms higher lows. It's also noteworthy that we've traded more volume above 39k than below.

We see a change in character on the current advance as we're slowly moving higher with alts rallying left and right. The market seems more confident with the current direction and accepts higher prices.

These are indications we might see $BTC break 45k and rally towards 52k. I suspect altcoins will outperform if this happens.

While there are many good reasons for optimism, one has to consider that we're still range-bound. We have seen a powerful bounce on equities, which might fuel the current relief and could reverse any moment. Crypto is considered high risk, and the current macro environment doesn't warrant a sizeable high-risk allocation.

Still, I think the risk/reward ratio favors a 60/40 crypto/USD allocation until we break 45k, at which point I'll allocate 100% to crypto with a partial take profit at 52k.

Crypto markets are behaving differently lately.

I am using the current dip to load up on some great alts.

I am going to provide a more in-depth analysis later today.