Starting A New Quarter Strong.

TL;DR:

  • Our market view:
    • Short-term: Neutral
    • Long-term: Bullish
  • History repeats itself – September was again an underwhelming month for the crypto market.
  • We managed to hedge against major drawdowns and relatively outperform Bitcoin and the crypto market in September.

Market overview

As is its historical average, September was again an underwhelming month for the crypto market. The market lost -8.57% during the previous month, and Bitcoin performed marginally worse, ending September with a loss of -9.17%. Our strategies performed relatively better compared to the crypto market.

Crypto market performance (2021-09)

We started the month predominately invested in altcoins however, as volatility and selling pressure increased during the month, we gradually sold our positions in order to protect the portfolio from any major drawdowns.

While September might be historically a negative month, the fourth quarter has recorded the best performance in the past. Given that Bitcoin pushed above the $50k price level in the previous week (and is now trading above $54k, at the time of writing), the start of the new quarter seems optimistic.

Our model has also switched from a Sell signal to a Buy last week, and we have again re-entered our positions. We expect some consolidations after recent market gains, however our long-term view remains bullish.

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DISCLAIMER: This article is for informational and discussion purposes only and does not constitute a marketing message, an investment survey, an investment recommendation, or investment advice. The article was prepared exclusively for a better understanding of market dynamics.