Blogs

Katana November 2024 EOM

November 30, 2024

The Katana algos participated in this appreciation across the three time frames traded.

Katana Mid-November 2024

November 16, 2024

The crypto market has come to life in November!

Katana October 2024 EOM

October 30, 2024

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.

Katana September 2024 EOM

October 1, 2024

The mid month Federal Reserve 50 basis point interest rate cut injected bullish enthusiasm into the crypto markets.

Katana Mid-September 2024

September 16, 2024

Bitcoin began September trading at US$58,900 and over the first week traded down to a low of $52,600.

Katana August 2024 EOM

August 31, 2024

Bitcoin closed the month at a price of $58,950 for a loss of 8.6% in August.

Katana Mid-August 2024

August 15, 2024

A confluence of macro events including weak US jobs data, a Japanese interest rate rise threatening the carry trade and mid-east tensions combined to create a massive headwind for global risk assets.

Katana July 2024 EOM

August 5, 2024

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

July 15, 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

July 1, 2024

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.

Katana May 2024 EOM

June 3, 2024

The Bitcoin price rally mentioned in the mid month report exhausted itself at just over US$72,000.

Katana Mid-May 2024

May 15, 2024

Bitcoin commenced May trading at US$59,850. Short positions established at April month end were stopped out after BTC found support at US$56,500 and rallied to a high of $65,500 as shorts were squeezed.

Katana April 2024 EOM

May 1, 2024

Bitcoin ended April near the lows of the month at US$59,850; a drop of 15% over the month. Unfortunately this drop was not one straight line.

Katana Mid-April 2024

April 15, 2024

Bitcoin commenced April trading at a price of US$70,850 and after a two-day $6,000 retracement, rallied to the month’s high of $72,750. Range trading ensued after this high. The Katana algo continues to find the going tough in this range trade environment.

Katana March 2024 EOM

April 2, 2024

Over the last two weeks of March the Bitcoin price traded an $11,000 range between $60,770 and $71,800. Again the lower price levels were short lived but there appeared to be no true conviction to extend the current bull market after mid month price highs.

Katana Mid-March 2024

March 15, 2024

Bitcoin commenced March trading at a price of US$61,430 and continued to rally to a high of $69,250 five days later, at which point there ensued a $10,000 price correction.

Katana Feb 2024 EOM

March 1, 2024

Bitcoin opened on February 1 at US$42,500 and closed the month at US$61,000 after peaking at $64,000, just short of all-time highs.

Katana Mid-February 2024

February 16, 2024

This position was only 40% of maximum size as our algorithm detected increased volatility and consequently scaled back the position size.

Katana Mid-January 2024

January 15, 2024

Price volatility in Bitcoin over the course of the first two weeks of 2024 has been extreme.

Katana December 2023 EOM

January 2, 2024

The market continues to anticipate imminent approval of several ETFs in the near future. This sentiment is maintaining support at current levels whilst Bitcoin whales and miners have both lightened their positions into year end.

Katana Mid-December 2023

December 15, 2023

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%.

Katana November 2023 EOM

December 6, 2023

At the time of writing Bitcoin has pushed through $40,000US in price and the Katana program has recovered the November loss and is up over 15% MTD.

Katana Mid-November 2023

November 16, 2023

The Mean Reversion strategy has made six trades with only two winners.

Katana October 2023 EOM

November 1, 2023

We (like the market) cannot be sure of the future direction of crypto however we do see higher volatility as a probable scenario over the coming months which should provide good trading opportunities.

Katana September 2023 MTD

September 20, 2023

The Trend algorithm has entered 7 trades for consecutive losses with no follow through movement resulting in the drawdown.

Katana Mid-September 2023

September 13, 2023

13 trades were executed by the program in the final two weeks of September.

Katana August 2023 EOM

September 8, 2023

Bitcoin price volatility returned to the market after six weeks of sideways movement around the 30,000 USD price.