Kronos Capital — 08/23: Navigating August’s Crypto Market

Kronos Capital
2 min readAug 30, 2023

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Greetings, readers,

Welcome to the latest Kronos Capital newsletter.

Given our growing community we will from now on be posting our newsletter in our Medium blog section for you all to see.

This edition, we unpack August’s dynamic crypto landscape, offering insights to guide you through the ever-evolving world of cryptocurrencies.

August Performance Highlights:

Our Kronos Capital strategy excelled once again in August. With an average +10% profit this month (our most loyal clients who invested since November 2021 are up a staggering +114.7%, after fees!), we adeptly capitalized on the BTC breakdown from the 29,000 level. Trading 27 different coins bolsters our safe scaling strategy, mitigating risk while enhancing growth potential. Smart profit-taking during market dips showcases our prudent risk management approach. See below recap for a more visual explanation.

Market Volatility and BTC Stability:

August 17th breakdown brought market volatility rippling through BTC and its most correlated cryptocurrencies. BTC’s price then stabilized, fluctuating within a 3% range. We’re closely monitoring this consolidation, analyzing its potential impact, but are currently remaining short the market across all our positions.

Deciphering BTC’s Direction:

The recent news of Grayscale ETF winning over the SEC took BTC out of its low volatility range. However BTC’s trajectory remains uncertain as the fundamentals still align with a downtrend continuation. Can it muster strength for an upward breakout though? Our team meticulously assesses market dynamics to anticipate the next significant move.

In Brief: Confidence Amid Uncertainty

In a perpetually active market, opportunities and risks abound, whether on the down or the upside. Reflecting on August, we remain optimistic, recognizing growth potential amidst uncertainty. Remember, shared information is educational — research and seek advice before investing.

For inquiries and discussions, reach out to our team. Until next time, stay informed and trade wisely.

Best regards,

Kronos Team

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