Weekly Update - 20 June 2022
The Model is still sitting on 100% cash and has turned from bullish to neutral on Bitcoin Dominance.
Model has managed to avoid the entire carnage thus far by sitting on cash from Nov 2021 till date.
There are lots of telltale signs that the bottom in Bitcoin could be really close if not already in.
Greed and Fear Index had a reading of 6, the lowest it has ever been.
Lots of unwinding and liquidation of big funds such as 3ac and others.
Most crypto OGs capitulating and giving insanely low targets.
CT has practically been a ghost town.
Mainstream media folks like Roubini Crammer, etc writing Crypto obituaries. These things typically happen at the tail end of the correction.
Majority of the traders are better off counter-trading their own sentiment.
I am just waiting for the Model to confirm the bottom signal. Will send out the note as soon as it does.
Below are the updated chart of top cryptos with Models signals thus far.
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