The Radar Fund
The Radar Fund is an actively managed portfolio of crypto-assets. Presently there are 93 company tokens within the Fund plus three crypto currency assets in the form of Bitcoin, Ethereum and LiteCoin. The investments in crypto-assets began in 2014, and in 2019 the Radar Fund was formed to hold these Crypto-assets. On a daily basis decisions are made to increase or decrease individual holdings, and to add new holdings when business initiatives are found to have promise for future success.
May 7, 2020 Radar Fund Share Price since inception
May 7, 2020, as of 10:22 AM EST, the trading volume for BTC is relatively strong, but the volume for ETH and LTC remains low. This narrowness troubles me. The broader crypto market is also not participating at the moment. The spotlight is on the Big Dog, Bitcoin, and the halvening that is just days away.
UPDATE AS OF 3:36 PM EST
Volume and prices within the broad crypto market have come to life. Trading volumes across a wide spectrum of tokens are significantly exceeding the prior ten days. It is as if a bell went off and all of the money on the sidelines came rushing into the broad market during the past hour. Watching this closely, but it is a very active buyers market at the moment.
Looking at the 50-Day and 200-Day moving averages, we see that the 50-Day has turned upwards and is targeting the cross-over point with the 200-Day. It is also clear that the trend of the current price has moved across and is maintaining a positive spread over the 200-Day MVA. These are all positive signs.
A closer look at BTC using the 10-Day Price and Volume metrics shows that both Price and Volume have turned northwards.
A breakout above $10,000 and the long-term downtrend would be broken.
From a Daily price perspective, we are at that point of addressing the long-term trend. Since late 2017 we have been on a downward trajectory for BTC. Over the past, we have not been able to break above this price trend. Will we now? The strength behind BTC is growing. I would like to see greater acceleration in more metrics, but the steady build of the foundation continues.
Adding to the picture of positive trends, consider the growth in BTC Wallets, and then the growth in the Open Interest of BTC Futures:
