De Flagship-strategie is een geconcentreerde strategie met bitcoin als kern. Het doel is om het belang van het fonds in bitcoin op middellange tot lange termijn te vergroten door te handelen in kleinere munten en tokens. Ons selectieproces wordt aangestuurd door bottom-up analyse, aangevuld met timinghulpmiddelen, waarbij relatieve sterkte een belangrijke input is. Beleggers moeten verwachten dat bitcoin tussen de 70-100% van de strategie zal vertegenwoordigen.
Another edition of CHAINLETTER hits the planet's inboxes. Entitled "Bitcoin Is Poised To Break Out Again" we tackle the most critical technical, on-chain, macro and crypto specific issues of the fortnight.
$BTC $NEAR $FET $AR $ETH $LINK
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20% corrections have been a consistent feature of $BTC's run-up from the 2023 lows. We are tracing a healthy path back to the medium term uptrend. When the RSI has breached the 40 line over the last year, the price has generally formed an interim low.
This looks like an obvious area of support although as ever much will depend on the macro. That said, this market moves from being "bad news sensitive" to "good news sensitive" in pretty short order.
Eyes on the horizon.
Enclosing a link to our latest newsletter. (Bitcoin Is A Slow Fix - CHAINLETTER 28).
Markets are entering choppy waters, but Bitcoin is holding up strongly. This is an important phase. $BTC passes the test and proves to be a lifeboat, it will roar. The technical set-up in this regard is encouraging. We examine the case for decentralisation, and look at some blockchain use cases in the poorest parts of the world. Also, why open-source should be the default setting in the free world.
• Technical analysis Flag pattern in play, BTC dominance increases
• On-Chain Transactions recover
• Macro Gold sniffs inflation, MOVE smells trouble
• Cryptoverse Blockchain use cases making the world a better place
• Ethos Bitcoin is a slow fix, why decentralisation is better for freedom
Click here for our fortnightly newsletter, CHAINLETTER. This edition entitled "HAVE I MISSED IT (2)?" (The first part was written in November 2023, when the price was US$36,000).
For technical and macro reasons the short term could be choppy, but that's an opportunity to add. Longer term we argue we are entering a new regime.
Also, why:
And more.
In the WistCap Flagship Long strategy we have taken this bout of weakness to add $IMX as part of our "sector leader" process.
Little change elsewhere, delighted by the contrarian price behaviour in $MKR which is behaving like a genuine portfolio diversifier.
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This week's CHAINLETTER - commentary and analysis on $BTC valuation, $RNDR , $UNI , ETF flows, on-chain behaviour (subdued), beneficiaries of the $ETH Dencun upgrade.
Lovely feedback from a subscriber this morning:
"Charlie, Just want to say that I subscribed to a dozens of letters but the one you wrote is the BEST out there. Thanks for pouring your blood and sweat into this gem of a letter. I truly hope millions read this on a regular basis."
It's a very long way from millions, but I hope you find something valuable in here!
Charlie
