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Katana Mid-September 2023
September 13, 2023

Katana performance was disappointing heading into the close of the third quarter. 13 trades were executed by the program in the final two weeks of September.  Mean reversion traded three times with one winning trade. The trend algo entered 10 trades with 3 small wins and seven losing trades.

Key Events

Bitcoin traded between 26000 and 27500 with very little conviction in either direction. Price strength was constrained by a strengthening US Dollar, rising bond yields diminishing the allure of riskier assets and bearish price action in US tech indices. None of these headwinds were enough to cause major weakness in the Bitcoin price. Bitcoin ended September with the first quarterly loss this year as the SEC continued to defer decisions on various Bitcoin ETF proposals.

Check out performance in September
More Blogs

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.

READ MORE

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.

READ MORE

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.

READ MORE
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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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