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Katana August 2024 EOM
August 31, 2024

The Katana Programme ended August with a performance of -2.37%. Bitcoin closed the month at a price of $58,950 for a loss of 8.6% in August. Our programme is short on two timeframes at $57,735.  Mid-month price depreciation stalled at $56,000 and a subsequent recovery to $65,000 saw our short positions stopped and reversed. Resistance at that $65k level proved too difficult to overcome. Consequent price retracement saw our positions reverse again to short. These frustrating trading conditions with little conviction shown by bulls or bears continue to cost us in terms of performance.

CHECK OUT PERFORMANCE IN AUGUST
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Katana January 2025 EOM

We witnessed multiple moves from above US$105,000 down to as low as US$89,000. The retracements have been rapid and vicious.

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Katana Mid-Jan 2025 EOM

The trends have not continued and the range trade has held.

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Cutting Edge Wholesale Pty Ltd (ACN 658 904 226) is a Corporate Authorised Representative (1297265) under AFSL 484609 and is a wholly owned subsidiary of Cutting Edge Capital Pty Ltd (ACN 649 689 314). Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. You should seek independent financial advice prior to acquiring a financial product. All securities and financial products or instruments transactions involve risks. Please remember that past performance results are not necessarily indicative of future results. The information on this site may be accessed worldwide however it is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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