In yesterday’s note, we outlined our macro Bitcoin/crypto thesis.
In essence, the market is leaving a considerable oversold zone driven by modestly strong spot flows by whales and institutions.
Now that momentum is back in favor of the bulls on the break of 41,000, we’re beginning to deploy our elevated cash positions back into Bitcoin and a variety of trades.
In today’s note, we’ll discuss a few names we like monitoring for long and short positions and how we’re approaching price action from a tactical perspective.
Let’s begin by addressing shorter time frame developments. [Read more…]