Our Top Bitcoin/Crypto Trade: (Still) Unwavering 100% Conviction
Our Top Bitcoin/Crypto Trade: (Still) Unwavering 100% Conviction
👇1-14) There are numerous ways to profit in crypto, a highly volatile market that thrives on shifting narratives and offers ample liquidity (with $50-100 billion in daily trading volumes) to adjust positions. Although we expect significant growth in this asset class over the coming years, crypto is only sometimes suited for a buy-and-hold strategy (unless you enjoy the regular -80% drawdowns); its cyclical swings provide substantial return opportunities.
👇2-14) Our approach, which combines market structure and macro-quant analysis while keeping a finger on the pulse of sentiment and respecting prevailing narratives, has proven effective. While we were broadly bullish from late January to early March, we have consistently highlighted a high-conviction trade that continues to deliver strong returns as the broader crypto market consolidates.
👇3-14) While Bitcoin is widely regarded as digital gold, Ethereum can be likened to digital oil due to its essential role in powering decentralized applications and smart contracts, much like oil drives the global economy. Ether, the currency of the Ethereum network, is used to pay for computational resources and transaction fees, effectively serving as the "fuel" that keeps the ecosystem running.
Ether / Bitcoin Ratio hits lower downtrend channel.