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Potential Crypto Bottom, W/ Medium Term Macro-View

BTC: (Bitcoin)


(1 HR)

-Potential rectangle bottom, with breakout @ 41,000


(Daily)

-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


-Watchlist:

LONG TERM ALLOCATIONS: (SLV, EXK, AG, DBA, NXE)

OPTION TRADES: (NM, F, ITI, OSTK, PLTR, MARA)

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