Daily Crypto Report - 12/04/2023

Comprehensive Daily Report: Analyzing Crypto Sentiment, Strategic Portfolio Allocations, and Key Risk Factors

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Let’s start with today’s report!

We’ll stick to the usual agenda below:

1. Update on my Own Portfolio Allocations

   1. Current Exposure Status

   2. Summary

2. Potential New Trades For my Portfolio

   1. Market Scanning

   2. Commentary on Potential Trades

3. Sentiment and Momentum report

   1. Percentage of coins above their moving averages

   2. Measurement of Current Momentum Extension

   3. Analysis of Bitcoin and Alts performance

   4. Seasonality Charts

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Summary of today’s article:

• Market Overview: Notable positive trend in the cryptocurrency market, especially for Bitcoin and altcoins.

• Portfolio Performance: Overview of my own portfolio's performance with a focus on key assets.

• Asset Allocation: Highlights of portfolio allocations.

• Sentiment and Momentum Report: Analysis of current market trends and deviations from average values.

• Potential New Positions: Mention of prospective assets with promising trends, without detailed analysis.

• Trading Strategy: Emphasis on the importance of nuanced and system-based trading approaches.

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Update on my Own Portfolio Allocations

Today has been a very strong day for crypto. Bitcoin closed green around 5% on the day and that naturally did produce a positive effect on our altcoin basket. Let’s see how long the market wants to keep pushing prices higher. We remain focused on our task and manage our open exposure.

Commentary on Today’s Most Interesting Position in my Portfolio

I will comment on the most interesting position in my portfolio at the moment 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.