Week 17, Trade 17 : Long $BTC, $SOL, $TAO, $MOTHER, $WIF, $FTM & $GOAT
Capitalizing on Election Momentum: Expanding Key Positions as Markets Surge Post-Trump Victory
📈 Week 17, Lesson 17
“Successful traders tend to be instinctive rather than overly analytical.” Joe Ritchie
We are into Week 17 of the Fifty Two Trades in Fifty Two Weeks. Thank you for reading.
“The 52” deep dives into one trade every week, targeting traders with zero or little trading experience. But I hope that my pro trader friends find this as useful. For details on why I am doing this and who is this for, please read the About section on top, which I will update from time to time.
Most trades that we take will be medium (3-4 weeks) to long term in nature. We might do some swing trading here and there if opportunity presents, but always with proper risk management. After all, our purpose is to make money, not lose sleep over it.
You can track our trades and progress live here at this Link
Over 10 years in banking and now 12+ years dealing with nuances of crypto, I have learned some very hard lessons. I intend to share them transparently as we go. More importantly, please keep the comments and feedback coming, so I know we are on the right track together.
📊 Portfolio Update - Open Trades
Trump’s victory has sent shockwaves through the global markets, and for crypto, it’s a massive bullish signal. Bitcoin has hit a new all-time high, and with Trump's pro-business stance, we believe this marks the start of a new golden era for digital assets.
Since inception, we’ve now achieved over 190% returns, which annualizes to 535% and with Trump now in power, we expect our portfolio to grow exponentially.
Now, before diving into this week’s trade, let’s take a closer look at our current open positions:
Portfolio Update
Rest for more details you can you can track all our trades here. We’ll continue to monitor the open positions closely and adjust as needed to navigate the range-bound market effectively. Stay connected on Telegram for real-time updates and insights.
If you have any questions, ideas, or feedback, please feel free to DM me on Substack or Twitter, Let's continue to navigate the market together!
🌎 Quick Macro & Crypto TL;DR
THE GOOD:
Trump Wins the Election: Trump's victory brings optimism for pro-crypto regulation, setting the stage for accelerated adoption and market growth.
Monetary Policy Easing: Global central banks are cutting rates and increasing liquidity, funneling more money into high-growth sectors like crypto.
THE BAD:
U.S. Job Market: The U.S. added just 12,000 jobs, well below expectations, signaling potential economic slowdown and uncertainty ahead.
Slowing GDP Growth: Q3 U.S. GDP growth fell to 2.8%, raising concerns about a slowing economy and possible headwinds for traditional markets.
THE UGLY:
Tensions in Israel: but controlled. To be honest, there is not much UGLY this week. Things are looking upwards and onwards from here.
THE TAKEAWAY:
We’ve entered ‘The Banana Zone,’ where global instability, monetary easing, and Trump’s win could fuel the next major crypto surge. Let’s get started.
For more regular insights into macro and crypto trends, subscribe to our weekly newsletter: 5-Minute Macro and Crypto Weekly.
📈 Week 17, Trade 17: LONG $BTC, $SOL, $TAO, $MOTHER, $WIF, $FTM & $GOAT
Over the past two weeks, we’ve been consistently sharing our watchlist along with specific entry target prices, carefully monitoring market movements. As prices approached our desired ranges, we acted swiftly, adding to our positions in high-conviction assets. This disciplined approach has allowed us to capitalize on market pullbacks and continue building strategic positions in key assets. For more detailed insights and the rationale behind these trades, you can explore our previous newsletter:
With Trump’s election win, a fresh wave of bullish energy has swept through the crypto market. Bitcoin has already broken past $75K, reaching a new all-time high, and we’re seeing similar strong momentum across major cryptocurrencies. In light of these developments, we’ve added to our positions this week as the market continues to climb.
Looking ahead, we anticipate shifts in the market narrative, with new trends emerging in the coming weeks. As always, we’ll continue to provide more detailed, research-driven trades as we aim to identify the next big market trend.
This week, we took full advantage of key opportunities from our watchlist. Here’s a breakdown of our latest trades:
All the trades executed this week were driven by our carefully curated watchlist, focusing on high-conviction assets like $BTC, $SOL, $TAO, $WIF, $FTM, $MOTHER, and $GOAT. Each of these hit our target entry prices, and we took the opportunity to add to our positions. We’ve previously shared detailed insights on these trades, highlighting our strong belief in their long-term potential.
💡 CONCLUSION
In conclusion, this week marks a pivotal moment in our trading strategy, as we capitalized on key market movements following a major macro event—the Trump election victory. With Bitcoin surging past its all-time highs and other assets like $SOL, $TAO, $WIF, $FTM, $MOTHER, and $GOAT hitting our target prices, we strategically increased our exposure to these high-conviction plays.
With the market poised for new highs, we remain bullish, ready to seize further opportunities as they arise. Stay tuned for more insights and updates as we navigate this exciting phase.
Stay tuned for more updates and insights!
You can track all our trades here.
Now go grab a coffee and please DM for any questions. Keep in mind, this is NFA and DYOR.
🎙️ Podcast Spotlight: "Greed is Good" – Insights You Can't Miss!
In our latest Greed is Good episode, we hosted Kelvin Koh from The Spartan Group , a prominent VC in crypto.
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💬 Check Out My Telegram Channel!
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