Update LTC
My apologies for not posting. I have been doing brief updates on twitter so it's suggested you follow @sessinpo. During that time, I suggested hedging any long position as we are still open to a decline to 125 or so.
The above chart illustrates a risk reward position taking for both bull and bear scenarios. Manage your risk accordingly.
Myself, I have my core hodl position that is in cold storage. I also have a trading position which is mostly neutral at this point. Specifically, I have a very small long position at 139, but a much larger comparative fiat position to buy in at any level. If the market breaks lower, I will ladder in buys at 125. If the market breaks higher, I will ladder in right away.
The above chart illustrates a risk reward position taking for both bull and bear scenarios. Manage your risk accordingly.
Myself, I have my core hodl position that is in cold storage. I also have a trading position which is mostly neutral at this point. Specifically, I have a very small long position at 139, but a much larger comparative fiat position to buy in at any level. If the market breaks lower, I will ladder in buys at 125. If the market breaks higher, I will ladder in right away.
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