Macro POI

I wanted to substantiate my recent comments about a possible unique situation and a staggering amount of extremes and abnormalities that lead me to do my typical exploration of changing trading vehicles.

It is always the Macro view that should dominate your system development.

The more important aspect of this accumulation of events and multiple aspects of my systems showing a "stretch" is rigorous risk control, portfolio grooming, profit taking and a temporary cutting of position size.

Do not get me wrong-this smells much more opportunity than anything else but with the extraordinary success we had it is also important to cash in some of these profits and allow a brief period of contraction before we expand again. The following chart is a comparison between BTC and ETH

note the typical close relationship throughout the past years and now a quite atypical dissonant: