DLTBTC eligible for a quick pop

DLT pumped back on Jan 14th, the same day that a headline broke indicating that HSBC had performed $250 billion in "DLT transactions" in 2018. Ridiculous as it may sound, there was likely a misinterpretation of this headline, which was actually referencing Distributed Ledger Technoloogy (otherwise known as blockchain), and had absolutely nothing to do with DLT, Agrello, the coin. Nonetheless, the pump happened, and following a failed attempt to break out to a new high on the 18th, there has been nice consolidation gearing up for another retest of the high set on the 14th.

Trading now at 3431, buy up to 3550

Exits
3900
4200
4500

Stop at 3250

Portfolio Risk: 2%

Trade active:

Trade is still active.

3250 stop came damned close to getting taken out overnight at 3257, but the bullish divergence that resulted on the 5 min chart (a lower low on diminished weakness) has brought this one back from the brink.

Trade closed manually:

Closing trade here with ETF delay announcement one hour old, BTC weak, market vulnerable, taking off all alt trades for now.

Comment:

Obviously, as it turned out, BTC and the broader market could've cared less about the Van Eck ETF application withdrawal.

DLT had its pop today.