Crypto Investment Update – April 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/05/01/crypto-investment-update-april-2024/

This is a performance update to my crypto portfolio posted here:
https://pwlcm.wordpress.com/2024/04/04/crypto-investment-update-march-2024/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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LUNA 2.0 Airdrop Update – April 2024

Tokenize Exchange continued to credit the LUNA 2.0 airdrop on 9 April 2024 as scheduled.

Performance Update

Here are the charts of the 4 crypto coins in my portfolio as of end April 2024:

The parabolic rally in BTC, ETH and SOL in the past few months had finally run out of steam in April 2024. We saw the 3 coins hit various resistance levels and retraced below their corresponding Ichimoku Clouds, all with a Bearish Twist at the right hand side.

BTC bounced between FibExt 100% and 138.2% lines, eventually broke below the Ichimoku Cloud towards the next support line at 52,000. If the support can hold, there is a chance that BTC can reclaim lost ground and resume upwards movement.

ETH and SOL also retraced and broke below their Ichimoku Clouds and getting close to the next support line at 2,800 and 120 respectively. We need to watch the price movement in the next few days for all 3 crypto coins to sense whether the correction is going to end and which direction would they be pursuing.

My crypto portfolio performance as of 30 April 2024:

As expected with the correction in April 2024, we saw the crypto portfolio allocation has dropped below 7%, the returns and XIRR since inception also reduced. Good news is only SOL remained in the red, the rest are in the positive territory, and the XIRR at a decent double digit returns at 28.38% p.a.

Referral Links

Tokenize Exchange:
https://tokenize.exchange/topic/invited/?invite_code=Vn58M