Bittensor / USDTLong
Rotate Within Narratives for Improved ROI
This chart shows TAO priced in FET, both considered "AI projects".
Both coins performed well relative to the market, but also against each other (as the chart shows).
Retrospective strategy: Portfolio 10k.
25 Oct '23: Buy TAO @ $75. (133 TAO). Current price of FET $0.3.
15 Feb '24: Sell TAO > USD @ $679 = $90,533
15 Feb '24: Buy FET @ 0.68 (133,137 FET)
1 Apr '24: Sell FET > USD @ $3.08 = $410,062
The pattern may or may not repeat, but if the AI narrative heats up again, watch for TAO to lead FET, and then rotate at resistance on the pair chart.
Both coins performed well relative to the market, but also against each other (as the chart shows).
Retrospective strategy: Portfolio 10k.
25 Oct '23: Buy TAO @ $75. (133 TAO). Current price of FET $0.3.
15 Feb '24: Sell TAO > USD @ $679 = $90,533
15 Feb '24: Buy FET @ 0.68 (133,137 FET)
1 Apr '24: Sell FET > USD @ $3.08 = $410,062
The pattern may or may not repeat, but if the AI narrative heats up again, watch for TAO to lead FET, and then rotate at resistance on the pair chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.