Laser eyes to $100k - so how does $BTC get there? Looking closer at $ETH gives us a clue, read more in our blog - https://www.momentum-analytics.io/news/laser-eyes-to-100k

Protected our copiers from approx 13% draw down over the last 2 weeks, no over trading and with option expiry out the way we have started to accumulate $BTC and $ETH on this current weakness. Still have 60% cash in these uncertain times.

Used some cash for a trade we still like, see our previous TA post on $BAL (https://www.iconomi.com/asset/RAAINDEX?postId=3804ea5a-bacf-47be-8e52-7d5303287d23)

Patience required - you always get a signal so hang in there

Sitting in cash with profits from the last run. Have rules set to re-enter in stages. Sometimes you just have to sit on the sidelines!

Mcap vs TVL 2/2 (2nd September)

While performing the Mcap vs TVL ratio analysis, I graphed the market cap data for my data set. Very interesting observation on $UNI compared to the others

Mcap vs TVL 1/2 (2nd September)

Mcap vs TVL ratio analysis complete. Our 15 selected projects average is unchanged at 0.37 from last month (USD0.37 mCap for every USD1.00 TVL).

The following 3 projects have below average ratios at 2 Sep and we’ve included the data from July end as reference: $CRV, $COMP and $BAL.

Suggest these are relatively cheap compared to their peers. Notice the repricing that occurred for $BADGER last month.

Daily TA:

Had a nice intra day signal fire on $UNI, allocation made, tight stops in place.

Quick rebalance to take profits on $XTZ, proceeds moved to cash, we will be able to buy back this position in the future.

Have some tight stops set to go to 66% cash ($USDC, $DAI) and cash proxies ($PAXG) if we get some weekend volatility. LT still very bullish $BTC - hopefully we get a nice dip to load up. Have a great weekend folks!