Model continues to sit in CASH since last month and isn't LONG any positions in Crypto AltUSD pairs.
Model also has exited all tactical trades on AltBTC pairs LTCBTC, ASTRBTC & XMRBTC too.
Currently, most short-term indicators are looking bearish and pointing to the loss of trend & momentum.
From a long-term investing perspective I am sticking to the plan I have been writing about for months.
Bitcoin and Ethereum are entering the value zone, if we do get a market-wide sell off then it would be a great time and price to accumulate these assets for those who believe in this space. The above logic applies to ALL cryptos/stocks that you believe will survive the next 5 years.
So I will buy either on a complete NUKE aka BTC in the range of 14k-17k if we get one or on a Long signal by the model. I would be using this opportunity to DCA into long-term holdings. $BTC & $ETH feature in them but I have also laid out a long-term investment thesis on crypto stocks. You can check them out here - HUT8 and Galaxy Digital. I also like Riot Blockchain (similar thesis to HUT8) and Coinbase.
As announced last week TradFI updates would be published on a monthly basis starting the 1st of Jan.
Below are the All Models signals on BTC ETH Solana /USD from 2020 to date. I have been publishing this every week since early this year and will continue to do so.
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