For the longest time I have been virtually out of the market.

Apart from a number of setups, my exposure has been rather light.

But this is the first time in a while I'm increasing my exposure.

Time to get on board.

There are few updates.

I am still bullish over the coming months and quarters. Crypto looks to be shaping up rather nicely.

Over the short-term, however, there is a small bearish price setup.

Crypto is on the cusp of a bullish trend reversal.

These last six months in the crypto market have reflected the utility of patience in trading. Because we view trading through a financial lens, we always assume that risk management is preventing financial loses. And as such, we integrate strategies to mitigate against such losses.

These include stop losses, invalidations, and hedging strategies.

And while these are imperative in preventing losses from spiraling out of control, there is another aspect that gets commonly overlooked.

And that is psychological risk management.

Just like our portfolio value, we need to maintain a healthy balance within our inner emotional and psychological wellbeing. When we have a prolonged stretch of losing money in the markets, it negatively weighs on our mind. As such, this can create a negative feedback loop whereby we make decisions without awareness of the emotions in behind them.

A common misconception in investing psychology is that we should block off emotions entirely. By running a trading system, it is said that this eliminates bias and emotion from the picture, allowing us to make objective decisions informed by data. However, what this approach fails to...

Momentum has returned back to the crypto asset class over the short term.

Although there is work to be done, it is positive to see the S&P 500 reclaim a new high and Bitcoin traders return back to making money.

I have changed my intermediate bias to bullish while keeping my short term bias at neutral.

I remain insistent on the value of patience in this tape.

The U.S. Federal Reserve cut rates by 50bps. This was not a surprise to investors.

After the market rallied, let's step back from the noise and spend a moment to understand what the charts are saying.

Heading into last week I shifted my short-term bias (weeks) from neutral to bullish.

This worked out rather nicely, with the S&P 500 closing every day in the green and crypto markets getting some relief from this recent selling.

I have flipped back my short-term bias (weeks) back to neutral with stocks pressing up to the highs. This fits into my intermediate bullish bias (months) as the market appears reserved heading into the election.

My longer-term bias (quarters) is still unequivocally bullish.

Heading into this week I was anticipating a bounce. We're seeing this playout and at the same time, we're seeing some positive rotation in stocks.

I have the same exposure in the coins I've discussed in recent weeks, with some additional positions in names like MARA.

Overall, a quiet yet productive week for markets.

I've anticipated sideways price action for a month.

This continues as my intermediate outlook (months) has shifted from bullish to neutral as Bitcoin lost $56,000 and stocks appear as if they need time to improve.

My short-term outlook (weeks) moves from neutral to bullish, with Bitcoin and Ethereum at their lows and negative funding set us up for a bounce. I remain long on tokens like HNT, SOL, and BLUR holding support, but await further market shape before becoming overly bullish.

While crypto is down, Helium is up. That's relative strength.

I'm also watching Polygon for longs and Maker for shorts.

More widely, the correlation between crypto and stocks is back. With Bitcoin nearing my bullish invalidation of 56,000, stocks are selling off and that's dragging crypto down.