The Katana Programme ended October with a performance of +5.6%. Bitcoin closed the month at a price of $70,200, after opening the month trading in rather lacklustre fashion at $63,750. It spent the first two weeks of the month meandering in a range from $58,850 to $64,450, showing little conviction. The Katana algos exited three losing short positions during this period. On October 14th we finally saw a breakout from recent ranges. Long positions were established on a break of $64,500. Profits were taken after this initial rally found resistance at $70,000 and price retraced. A subsequent return to test and penetrate resistance at $70,000 saw new longs established around previous highs at $69,500. On the last day of the month profit taking saw prices retrace back to support at $70,000. We remain long into month end on one timeframe after taking profits on two positions.

Our new combination program of Trend and shorter time frame momentum strategies 'Odachi' was up 7.9% - mainly due to the momentum strategies capturing profit from 31 October move lower in price, offsetting some mk-mkt loss on the Trend positions. At time of writing, Trump has won the US Presidential election and Bitcoin has printed a new all-time high.  Katana has entered x2 new long positions around $73,000 and $73,600 and currently sits 4.65% up to November 6.