Crypto portfolio update

Exposure: 19.2%

Net return: 691.7%

Comments: The last two weeks saw BTC bounce after the recent -21% pullback:

And now I see people on CT getting euphoric as they start bull posting again and apeing into altcoins.

Personally, I'm not so optimistic.

The short term price action is bullish but as mentioned in a prior newsletter, the $44k - $48k area presents strong resistance.

This being said, the bullish surge over the last 3 days should not be taken lightly. The market is unpredictable and I am not above changing my mind if the data supports it.

All in all, I'd like to wait until the weekly close before considering to change my market outlook.

Current allocation:

Admin update

• If you missed the previous newsletter, you can read it here.
• New here? Join this newsletter for free.
• Want to join the private group? Click here

😂 "Have you bought any bitcoin yet?"

The best (and funniest) 8 minutes I spent this week:

 Quote of the week

A novice is easily spotted because they do too much. They’re scattered, frantic, and unfocused.

- Founders podcast

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

Get future newsletter issues in your inbox: