Mountains and Valleys Crypto Strategy

Mountains and Valleys crypto strategy on Iconomi: updates about major allocation changes, FA news.

[Mountains and Valleys Crypto Strategy @mav_strategy]

We wrote a post about what we believe will be one of the dominant narratives in this bull market: Web3 Gaming. 👇

https://t.co/MRz6moCAYB

[Mountains and Valleys Crypto Strategy @mav_strategy]

Bitcoin is recovering well from what now looks like a shallow dip after ETF approval. Alts even more bullish. Good times ahead 📈.

[Mountains and Valleys Crypto Strategy @mav_strategy]

Happy to see that @iconomicom listed $SEI and adding it to our strategy. SEI is a trading focused high performance blockchain with EVM compatibility, situated in the Cosmos ecosystem.

[Mountains and Valleys Crypto Strategy @mav_strategy]

First signs of a bounce, too early to tell whether the correction is over already. After a prolonged retrace, we are welcoming $SOL back into the portfolio. Solana continues to demonstrate its staying power as the people's chain for memes and NFTs.

[Thomas Fahrer @thomas_fahrer]

GBTC currently holds 568K #BTC    out of the ~650K #BTC held in ETFs.

Here's a bold prediction:
GBTC #BTC WILL GO ⬇️
Total #BTC  in ETFs WILL GO ⬆️

Watch it unfold with our ETF Tracker.

[Mountains and Valleys Crypto Strategy @mav_strategy]

The ETFs are doing really well, with net inflows of more than 1.2B USD in the first 6 trading days. This puts the Bitcoin ETFs firmly among the most successful ETF launches of all times.

Market participants however decided to focus on GBTC outflows (which were more than eclipsed by the other ETFs), and "sell the news". Meanwhile, alts are holding up fine against Bitcoin.

We see this as a normal bull market correction and will just sit it out.

[Mountains and Valleys Crypto Strategy @mav_strategy]

We are adding newly listed $GMX to our strategy. GMX is a decentralized spot and perpetual exchange on Arbitrum and Avalanche.

We are expecting decentralized derivatives to become a huge topic as the bull heats up. This time around, we have the tech to handle decentralized trading smoothly thanks to L2 scaling, so traders no longer have to give their money to risky centralized outfits like FTX.

Unfortunately, the field of such dexes is as huge as its promise, with a new one showing up almost every week. We think GMX is still in a good position as a TVL leader, but unfortunately no longer ahead when it comes to trading volume.

Overall, GMX remains the most established project of the roster and is in a solid position to catch some upside once degens start looking for a smoother, faster and safer trading experience.

[Mountains and Valleys Crypto Strategy @mav_strategy]

Great success with our positioning today. Looks like the ETFs are (almost most certainly) confirmed and the market is taking a breather before deciding where to go next. Rebalancing to take profits.

[Mountains and Valleys Crypto Strategy @mav_strategy]

With the expected ETF approval in the US, we are looking forward to another wild ride in crypto today.

Yesterday, the SEC gave us a glimpse into the future as their X account got compromised and tweeted out fake approval news. At least for this test run, our strategy to lay emphasis on ETH and ETH beta and not on BTC proper was spot on.

However, it's too early to celebrate, as crypto has a way of subverting expectations. For now, let's just lean back and revel in the volatility that is certainly going to happen today. 📈 📉 📉 📈 📈

[Mountains and Valleys Crypto Strategy @mav_strategy]

Web3 gaming is doing excellent today, especially $IMX and $BEAM, two top picks in our earlier article on the topic: https://t.co/MRz6moCAYB

[Mountains and Valleys Crypto Strategy @mav_strategy]

Iconomi added $IMX (yay!). We are adding it to our strategy because we believe Web3 Gaming will be a key narrative in this bull market. https://t.co/abv3HNQmDY

[Mountains and Valleys Crypto Strategy @mav_strategy]

As last time, and the time before, they will call us fools, and then they will say that we were simply lucky to be early.

Somebody still has to do the job and call it, so we're doing just that:

Welcome to the great crypto bull market of 2023- ca. 2025!

https://t.co/8MEf6xGJKH

[Mountains and Valleys Crypto Strategy @mav_strategy]

We had a chat with m_analytics_io (Rational Active Allocation) and the Iconomi team. Learn more about how we navigate the crypto markets. 🎥 https://t.co/99UG7I5zPF 🎥
https://t.co/dE5dMz9Gdu
#iconomi #crypto #cryptocurrency #forextrader

[Mountains and Valleys Crypto Strategy @mav_strategy]

Crypto prices are maintaining a bullish trend in the face of a banking crisis, a concerted effort by the US government to shut down crypto on- and offramps, and a slew of concerning macro signals world wide. We're...
https://t.co/NLjx2oBMaf
#iconomi #investing #cryptonews #money

[Mountains and Valleys Crypto Strategy @mav_strategy]

Mountains and Valleys Crypto Strategy was just rebalanced. Check out the past performance:
24h: 5.87%
1W: 0.86%
1M: 8.92%
3M: 59.67%

Copy Crypto Strategy: https://t.co/UbJaxA6ZpS

#cryptocurrency #crypto #ethereum #defi

[Mountains and Valleys Crypto Strategy @mav_strategy]

By now, the majority of serious and not so serious indicators that map crypto's eerily regular cyclical behavior have entered zones that represented good long term buy opportunities in the past: RHODL, MVRVZ, Reserve...
https://t.co/y0qoP6d7hU
#iconomi #crypto #ethereum #eth

[Mountains and Valleys Crypto Strategy @mav_strategy]

Regular rebalance to take profit on our $FXS position. Too early to celebrate the return of the bulls, but it's been a while since we've seen so much green.
https://t.co/tZSW8nPrfZ
#bitcoin #investment #invest #bitcoinmining