Cutting Edge Capital

The Bitcoin price began December trading at 37,750. Within 6 days the price rallied to a high of 44,550, an increase of 18.00%. Our trend following strategy was long through this period and open positions were at that point showing returns of 24%.

An initial sell off saw the algorithm take profits on some of the open positions. Long positions were then re-entered just below new MTD price highs that occurred a few days later [Trend following strategy buys price strength]. A vicious collapse in prices of over 10% from these highs occurred on Monday 11th. All Katana long positions were exited on this price correction. A short position was initiated near the lows of 40,000 and stopped out. Consequently Katana performance stands at +17% month to date.

On Thursday this week we saw the Fed keep US interest rates unchanged. Bitcoin and other risk assets rallied strongly on market perceptions of multiple interest rate cuts occurring in 2024 – 2025. This combined with potential ETF announcements & Bitcoin halving point to continued strong Bitcoin price growth over the next 12 months.

Check Out Performance in November

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Katana July 2024 EOM

Sideways price action was relentless in the last two weeks of July. BTC traded a range of $63,000 - $70,000 with a number of retracements as the price grinded higher but was unable to hold $70,000 after a pro-Bitcoin speech by Donald Trump.

Katana Mid-July 2024

Bitcoin began trading in July at US$61,850 and peaked that day at $63,800. Concerns mentioned in the last report continued to impact prices in early July.

Katana June 2024 EOM

The last two weeks saw Bitcoin trade an $8,000 range as prices declined to a low of $58,400 before we saw a 50% retracement to end the month at $62,000.

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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. 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).

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