Crypto portfolio update

Exposure: 2.3%

Net return: 604.3%

Comments: Crypto prices have been flat over the past 5 weeks, and a high volatility breakout looks inevitable.

Given how every BTC rally since July has been aggressively sold into, the next major move is most likely down.

Interestingly, the volatility compression we see today is similar to that of the 2018 bear market, just before BTC fell -50% from $6,000 to $3,000:

So will BTC fall -50% from current levels, from $19,000 to $9,500?

My opinion (for now) is that it's unlikely. Unless macro conditions take a big turn for the worse, $12,000 - $14,000 will prove to be a strong support area.

In any case, I won't be looking to time the exact bottom. If prices do break down from the current consolidation, my plan is to start DCA-ing soon after.

Keep in mind though, that the currency and bond markets continue to exhibit highly unusual price moves:

This could indicate a structural problem with the global economy... and if that's the case then all bets are off.

The situation is highly fluid and things can turn/change quickly. If you want real-time updates of my views and DCA-ing price levels, you can join the private group for just $9.

Current allocation:

Admin update

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• I've published part two of the 'Digital Nomading' article series:
  • Part I
  • Part II

 Hurricane Ian

Check out this jaw-dropping footage of a 15ft storm surge:

 Quote of the week

Nearly everything in life has a useful zone, a desired dose. Ten minutes in the sun can energize you. Ten hours in the sun can burn you. This concept applies to many things: work, relationships, hobbies, exercise, food.

- James Clear

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

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