Daily Crypto Report - 11/22/2023
Comprehensive Daily Report: Analyzing Crypto Sentiment, Strategic Portfolio Allocations, and Key Risk Factors
Introduction
Good morning! It’s 8 am Portugal time, and time to write today’s report on the crypto market. These will be the main topics for the day:
Update on my Own Portfolio Allocations
Current Exposure Status
Summary
Sentiment and Momentum report
Percentage of coins above their moving averages
Measurement of Current Momentum Extension
Analysis of Bitcoin and Alts performance
Seasonality Charts
Potential New Positions For my Portfolio
Overview of the most relevant news in the crypto sector
Update on my Own Portfolio Allocations
The chart above is a screenshot taken from Binance with my portfolio performance trading a long-only, low frequency trend model this year.
Yesterday the altcoins across the board displayed significant weakness and I had to close a lot of exposure. One of the best trades I’ve had this year also had to be closed and that was $SOL in the chart below. (Green horizontal line represents the average price I got in and the red arrow on the right of the chart represents the bar I’ve exited the position)
My Current Portfolio Exposure
Stables: 57%
BTC: 9%
Bitcoin trend looks quite amazing. Every dip has been getting a lot of buying and we don’t see any significant sign of weakness on higher timeframes. We’ve seen some slowing down around this local top, but it’s normal on these massive trends.
I will comment on the remaining of my exposure and what other trades I am looking to add in the remaining of the article. If you’d like to support our research, consider joining the newsletter.
