Potential Crypto Bottom, W/ Medium Term Macro-View
-Potential rectangle bottom, with breakout @ 41,000
-Picture perfect stop run below 30,000 , that level needs to hold...
-A breakout of 41,000 would lead to a test of the highs and potential new highs in the fall, should macroeconomic conditions remain unchanged,
-The entire space should benefit of course.
-Current. holdings(in order by weight): (ETH+, BTC+, LINK+, UNI+, ADA*, AAVE*, DOT*)
* - (New position)
+- (Increased exposure last 30 days)
United States 10 Year Yield: (TNX.X)
-Real rates need to stay down for risk assets to keep moving higher quarter over quarter. -1.80-2.00 is key resistance, I wouldn't want to see the 10 year above that level.
S&P 500 Futures: (ES.F)
-Stocks keep climbing the wall of worry, this perfect red channel has held since November 2020 and it continues to hold, I entered call options Friday and Monday that I exited the last 2 days.
-I continue to hold calls, and select equities, if we break through the purple range, I'll continue to look for opportunities on the long side of equities.
-Open Positions: AAL, UUUU, DDD, RUN
LONG TERM ALLOCATIONS: (SLV, EXK, AG, DBA, NXE)
OPTION TRADES: (NM, F, ITI, OSTK, PLTR, MARA)