Bitcoin is showing some relative strength here with a little rally above $70,000 amidst the unrest in the Middle East. While it’s most likely that this rally fades and price heads back to the $60-handle again at some point, it does show bitcoin isn’t dead. And investors pay attention to which assets perform well during market stress and drawdowns, because those assets could be the new winners when the bull returns.
This letter will explore how Trend can help provide a high signal in combination with Valuation. We’ll integrate our current ‘Trend Analysis’ into a larger, coherent framework.
TL;DR Summary...
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