Weekly Update - 06 June 2022
The Model is still sitting on 100% cash and is bullish on Bitcoin Dominance.
NO NEW signals have been generated.
Remember, sitting on cash is also a position.
Markets have been range-bound. The model has done well so far by sitting in cash and avoiding getting chopped up in these trendless conditions. Also, the model's view on BTC dominance is playing out well. BTC dom has increased by 10% since the model went long. Alts have been bleeding against BTC and the evidence thus suggests that it could continue.
Below are the updated signals/chart of top cryptos.
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