Short

XEMBTC - slow decay for consolidation

Updated

A bit late on this call, but I see XEMBTC continuing a decay into the target zone before looking at re-entry. It had a great market cycle, so I see this move as necessary to long term growth. Could trade the channel on the way down if you're skilled at such things.

Note

Bitcoin weakness today is being supportive of certain alts. This is still within our downtrend, however.

Note

Very happy with entry, still on course.

Note

And remember on shorts...when I say entry, I mean, exit of long position. Do not advocate shorting crypto!

Trade closed manually

Going to quietly exit this one. Was still a great call, in that we put capital to much better use elsewhere. Still does not look like a buy here at this point however. I'll take a W.

MarkCanna

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