$CRO broke out of its downtrend and could easyly double from here.
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Schillebeeckx Fund is a large cap focused crypto fund on Iconomi. I focus on long-term growth, low risk and stability. LOW management fee, NO performance fee!
Still lots of fear in the market. People want to sell their $BTC and other crypto in anticipation of a bear market.
Of course $BTC can break down from the 40k level in a capitulation panic move to the 30k zone, but it is very dangerous to bet on that.
First of all: if you sell, you need to get out in time. Capitulation moves can go very fast. Once they execute your sell order, it takes a while because everybody is trading at the same time. So you might have sold the bottom.
After a capitulation move, recoveries are often very strong and fast as well. That means: you could touch 30k and shoot back up in the blink of an eye with lots of algo money. It's a long squeeze, immediately followed by a short squeeze. It is untradeable for a human being against computers.
So if you want to get it right, you have to sell before the 40k breaks, you have to be glued to your screen and you have to buy back during the drop in anticipation for a bottom. Good luck with that. Be smart and don't play that game. It will ruin you most probably.
There is still a decent chance that the 40k level will hold. Institutional money will flow into the space for the long run. $BTC spot ETF will be approved and millions of new people will throw money at $BTC . It can take an hour, a few days, weeks or months but it will happen and from there the upside is huge.
Be patient and confident.
Great to see $ADA being the strongest horse in the top 100 on coinmarketcap. You have to be a contrarian in crypto. It was beaten down to hard. I expect it to keep rising in $BTC and $ETH value.
$KP3R is still a small cap but in a massive uptrend. It's always a little bit risky to jump on a coin that went up so much, but I think it has lots of room to grow in a crypto upleg. I'm eyeing 300%500% upside in this one.
Very happy to see this rebounce. We are allocated to high quality altcoins and they should profit from this bounce first. They all should be able to easyly outperform $BTC in an uptrend and they should be able to outperform $ETH collectively. At least, that's what I'm aiming for.
$LUNA is strong as ever..
$LINK needs some breath after the run up last week.
$ATOM refinds his mojo and looks like it will break out into uncharted territory.
$BNB had a great day yesterday and will probably go to 1k in a resumed bulltrend.
Many reasons to expect a bounce of the 40k level.
Fear and greed index touched 10.
The shorts have to be punished too.
I increased our stake in the projects that show relative strength.
$LUNA sold of 35% from its ATH. I bought back our initial stake of 15%, after I sold our position partilally near the top.
I initiated a small stake in $UNI. Most of the early defi-stars of this bull are 75% below their april 2021 ATH's. I bought the biggest and the best of them. The narrative might go back to 'undervalued' defi and I expect a come back for $UNI , $AAVE , $SUSHI etc...
It's always darkest before the dawn.