The Summit Post #39

Portfolio & Market update

Author

Marco Johanning
January 25, 2024

Hello everyone!

Welcome to edition #39 of The Summit Post, my free newsletter focusing on crypto market updates and investments.

Today we’ll have a look at:

  • Bitcoin (BTC)

  • Altcoins (TOTAL2)

  • TAO

  • Portfolio

Let’s dive into it!

Marco Johanning

Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or any form of endorsement.

Always conduct your own research and consider consulting with a qualified financial advisor before making any investment decisions.

The author and publisher of this newsletter is not liable for any actions taken based on the information presented.

Bitcoin

Bitcoin finally closed the CME-gap and the daily imbalance and is now attempting to break the crucial level of 40.2k.

If Bitcoin fails, we could see a deeper retrace. Reminder: the current correction is already -20%.

TOTAL2

Altcoins retested support again. Don’t sell at support. Support is for buying.

But if Bitcoin fails to reclaim and hold 40.2k, altcoins will bleed more and break below the support.

But until that happens, I remain bullish.

TAO

One reason for my bullishness is TAO / Bittensor. TAO is the leader of AI coins and on its way to a new ATH.

  1. Would whales buy TAO into a breaking support?

  2. AI is the leading narrative in this bull run - it’s so obvious.

Portfolio

No surprise, the newsletter portfolio is in a 10% loss. Worst performer $KAS.

But please remember,

  1. It’s without dca

  2. TOTAL2 is at support

I’m confident, that all positions will turn green and deliver multiples sooner or later.

Holding / buying fear is the second hardest part of the game. The hardest? Sell at greed.

Thank you for reading and have a great day!

Marco

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