Crypto Investment Update – November 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/12/02/crypto-investment-update-november-2024/

This is a performance update to my crypto portfolio posted here:
https://pwlcm.wordpress.com/2024/11/08/crypto-investment-update-october-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 – November 2024

Tokenize Exchange credited the final November airdrop on 9 November 2024. With this airdrop, the 2-year vesting of LUNA 2.0 was completed.

Performance Update

As mentioned in my previous crypto blog post Crypto Investment Update – BTC Next Target Level on 11 November 2024, I set up a BTC Limit Sell Order at SGD130,000. I ended that blog post saying this target level might be hit by December 2024. I was presently surprised that BTC continued the strong upsurge and hit the target level on 21 November 2024, some 10 days before we stepped into the last month of the year.

Let's take a look at the charts of the 4 crypto coins in my portfolio as of 30 November 2024:

We can see that BTC hit the 100% FibExt level, retraced and testing the level again. This level is the measured target level for breaking out the Bull Flag pattern.

Will it be the end of this Bull Flag breakout? Or will it continue to hit 138.2% or even 161.8% FibExt levels? We won't know until it happens. Meanwhile, I'm going to monitor BTC movement and then decide whether to place the next Sell Limit Order.

Both ETH and SOL also broke out of their respective Bull Flag patterns. Unlike BTC, ETH had yet to reach the ATH level (about 4,000) set on March 2024, but it had managed to clear the 3,500 resistance level. This is a chance of ETH hitting ATH by year end. I already had a Sell Limit Order at SGD5,500 set after the March ATH, so let's see whether it would be triggered this month.

SOL on the other hand was setting new ATH after breaking out of Bull Flag pattern. I didn't set any Sell Limit Order on SOL because its allocation is so small that liquidating it doesn't have much impact to my crypto portfolio.

My crypto portfolio performance as of 30 November 2024:

With the strong rally in crypto market, all the crypto coins in my portfolio had turned positive and the crypto allocation had improved beyond 7%. The gain in my crypto portfolio had exceeded the capital I put in, and I'm looking forward to gradually liquidate and eventually withdraw my capital, leaving behind only the house money to play.

Referral Links

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