CryptoMichNL: Altcoin Portfolio Gains $20K on Ratio Flip
CryptoMichNL altcoin portfolio rises $20,000 while still down 50% from entry after Copper/Gold ratio turns higher for first time in four years.
SourceAnalysis
CryptoMichNL reports his altcoin portfolio climbing $20,000 even as it remains 50% below entry cost, a sharp improvement from the prior 75% drawdown. The Copper/Gold ratio flipped higher for the first time in more than four years, a macro signal that historically aligns with the end of prolonged altcoin bear markets. On May 1 he deployed another $10,000 into Renzo and NEAR while keeping the balance in cash; one week later he trimmed $1,000 from Renzo and rotated $2,000 into Wormhole after the former rallied. Traders tracking altcoin portfolio performance now watch the same ratio for confirmation that fresh capital inflows can sustain the recovery.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast