Kronos Capital — 01/24: Outperforming Amidst a “Sell the news” event

Kronos Capital
2 min readJan 31, 2024

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Dear Kronos Capital Community,

Despite a challenging start to the year for the broader crypto market, Kronos Capital has once again demonstrated its resilience. Since January 1st, Bitcoin has experienced a -0.5% decline with a 9.5% drawdown. In contrast, Kronos Capital has outshone, boasting a +4.1% gain with a mere 1.2% drawdown during the same period.

BTC ETF Approval: Unveiling Market Direction

The highly anticipated Bitcoin ETF decision in early January brought significant market turbulence. As expected, we witnessed increased volatility and a subsequent dump in the aftermath of the announcement. Now that the direction has been revealed, our strategies are strategically positioned to navigate the market’s response.

Market Outlook: Slightly Skewed to the Downside

With the recent market developments, we find ourselves slightly skewed to the downside. Our analysis points towards a bearish outlook for Bitcoin, with a target range of $36,000 to $38,000. This alignment allows us to capitalize on potential market movements and optimize returns for our investors.

Always remain steady: Navigating the Path Ahead

As we progress towards February, our team remains vigilant and ready to change our skew if and when the market decides to break to the upside to continue on its previous bullish trend. The dynamics of the crypto space demand adaptability and foresight, qualities that define our approach at Kronos Capital.

See our market forecast below:

TOTAL3 (Altcoins) ticker is pointing to the downside
Indecision could lead Bitcoin to trade in a 40–43k range

As always we appreciate your trust and confidence in our team of quantitative researchers and traders.

If you have any questions or would like more information on our strategies, feel free to reach out.

Thank you for being a part of the Kronos Capital community.

Best Regards,

Alex, CEO & Fund Manager @ Kronos Capital

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