Decentralized Finance Index

Bad timing on my entry? Not really, poor preparation led to poor performance, I had rules set for the downside, however once they got triggered the first time they were disabled. Lesson learned, moving forward I will be ensuring there are rules to protect our downside as the markets continue to move, that being said, the current pullback isn't something that has me concerned, we've rocketed up several hundred % on most of our holdings since January, it was only a matter of time. These type of retraces are usually setups for the following move higher, as buyers cannot push price up forever without sellers taking hold. I believe the best course of action at the moment is to sit tight, the next few weeks should look pretty good for us. :)

I've repurchased our shares of CRV and FXS at a much lower cost basis than we sold them at earlier this week, very nice. Market is ripping today, love to see it :)

Seeing a bounce now on BTC, if we break above 22k I will repurchase half the shares we sold at 22,222, and upon close above 22100 I will repurchase the other half. Want to ensure this isn't a fakeout, whilst still repurchasing our shares at a lower cost basis.

BTC just broke through support at 22k, upon doing so our automatic rebalancing rule was triggered, cutting all our active positions by half and moving those gains into USDC for the time being. When BTC reaches the nearest local support level ($21k) I will redeploy 50% of our cash position. If it happens to break through 21k and head toward 18k we will then deploy the last of our cash reserves to buy there. In my opinion this pullback is meant to trap bears and will ultimately rip to new local highs in the coming days/weeks.

BTC is dropping fast and teetering on support right now, as I mentioned I am watching for a definitive move here. I've created a rule that will trigger if we do break below support, this should lock in most of our profits over the last month or so, giving us the opportunity to buy back in at a lower cost basis